OFE Bankowy forced to pay compensation for third time to investors

OFE Bankowy, the pension fund owned by bank PKO BP and Bank Handlowy will ha ve to pay to its clients about zl. 17 million. This is because OFE Bankowy w hich had further bad results in March did not reach the minimum rate of retu rn in investments for last two years which was 6.6%. The the average for all funds was for 13.2%, while Bankowy could only claim 5.4%. This is the third time that Bankowy has had to pay compensation to cover its low rate of retur n. "This is due to the fact that we had the best results two years ago while last year was a very bad time for all our investors," said Ewaryst Zagajewsk i, director of the Bankowy investment office. OFE Bankowy is the only pensio n fund in the red, the best results have been recorded by PZU Polska Jesien, Polsat and Zurich pension funds. (Puls Biznesu, pp. 1, 9) A.D.