The Competition Council Has Communicated to the Banks the Decision and the Reasons for the Fines in the ROBOR File. Raiffeisen and UniCredit Reactions
6 Articles
6 Articles
The Competition Council transmitted Monday, 28 September, to the banks the official decision to sanction and motivate the investigation on the establishment of ROBOR. The ten credit institutions received fines that amount to 3.73 billion lei. After the communication...
CEC Bank announces the receipt, on 28 September 2026, of the reasoned decision of the Competition Council, issued in the framework of the investigation into an alleged understanding and/or concerted practice concerning the establishment of ROBOR quotations by the banks participating in the fixing process, according to an announcement published by CEC Bank on the Bursi de Valori Bucharest (BVB) website. From [...]
UniCredit and Raiffeisen contest the sanctions received in the ROBOR file and announce that they will use all available legal avenues to attack the decision of the Competition Council.
They want to get the hefty fines imposed for an alleged cartel overturned.
Raiffeisen Bank SA announced that it had received on Monday, 28 September, the Communication from the Competition Council on the sanction decision and its reasons, issued in the investigation into an alleged understanding and/or concerted practice on the establishment of ROBOR quotations.
The banks submit to the Competition Council in the ROBOR framework. UniCredit, Raiffeisen Bank and Banca Transilvania affirms that they have complied and comply with all applicable legal and regulatory requirements, their entire conduct being rigorously aligned with the operating principles of the market in which they operate. In order to protect legitimate interests, the three banks will use all available procedural and legal means to support t…
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