Hotel operator PHT demands compensation from ING BSK after bond deal loss

Although the sum demanded might not seem much, the case is crucial to the bank's image on the market. The case relates to the fact that ING BSK was an agent in the process of selling Stocznia Szczecińska Porta Holding bonds worth a total of zł.100 million. When the maturity date came, the company was announced bankrupt and no liabilities were repaid to creditors. ING BSK claimed that there was nothing it could do as the investors were aware of the investment risk. Some investors came into an agreement with the bank. PHT, instead of complaining it made a loss on the transactions, questioned the legality of the procedure of the way the transactions were made. Already one such case has been resolved against the bank, where zł.2 million had to be returned to the investor, and many more might follow. (Puls Biznesu, pp. 1, 13) A.K.