economedia.ro/cec-bank-pierde-primul-proces-din-do

CEC Bank's request to suspend the Competition Council's fine regarding ROBOR has been denied by the Bucharest Court of Appeal. This marks the first ruling in a series of ten cases initiated by banks contesting the fines. The Competition Council has achieved its first legal victory in these disputes. The fines, totaling 3.73 billion lei, were imposed on ten banks for violating competition laws by coordinating their behavior in setting ROBOR rates. The investigation began in late 2022 and revealed that banks monitored each other's quotes, affecting the index's establishment. The fines vary for each bank, with CEC Bank facing a penalty of 332.98 million lei.