Romania’s competition body sets high fines for banks for collusion
Romania’s Competition Council sent to the European Commission and to the relevant banks the results of an investigation launched in 2022 on the alleged collusion of ten local lenders that manipulated the interbank interest rate ROBOR with…
iulian ernst · Journalist
· Updated · 2 min read
Romania’s Competition Council sent to the European Commission and to the relevant banks the results of an investigation launched in 2022 on the alleged collusion of ten local lenders that manipulated the interbank interest rate ROBOR with the final aim of increasing the interest rates paid by their mortgage debtors, Bursaannounced.
The fines proposed by the Council reportedly reach 10% of the annual turnover in some cases, but are subject to appeals that the banks can file before May 13.
