www.gandul.ro/financiar/cec-bank-pierdut-proces-su

The Bucharest Court of Appeal rejected CEC Bank's request to suspend the Competition Council's decision to fine ten banks involved in setting the ROBOR index. This marks the first legal victory for the Competition Council in a series of lawsuits initiated by the fined banks, which are contesting penalties totaling over 700 million euros. CEC Bank is the second bank to have a ruling in this series, following BRD, whose case is still pending. The Competition Council imposed fines totaling approximately 710 million euros for violations of competition laws related to ROBOR index manipulation. The banks must pay the fines within a month if their suspension requests are denied.