PKO/Credit Suisse posts improved results for 2002

PKO/Credit Suisse TFI (PKO/CS) earned zl. 23 million in 2002, allowing the firm to cover an accumulated loss from previous years. The fund is very satisfied with the result. According to Parkiet's estimates, last year PKO/CS was the country's most profitable investment fund. Second in the ranking came TFI Pioneer Pekao which generated half as much despite managing around zl. 300 million more in assets. The assets managed by PKO/CS increased from zl. 1.9 billion to over zl. 5.1 billion in 2002. According to PKO/CS research, 80% of people investing in the fund for the first time in 2001 are continuing to allocate more of their capital. (Parkiet, p. 5) A.Z.