www.g4media.ro/consiliul-concurentei-a-castigat-pr

The Bucharest Court of Appeal has rejected CEC Bank's request to suspend the Competition Council's decision to fine ten banks over 700 million euros for colluding on ROBOR rates. This marks the first ruling in a series of ten lawsuits filed by banks against the Competition Council's penalties. The banks have one month to pay the fines if the suspension is denied. The fines were imposed for violating competition laws by coordinating behavior during the ROBOR fixing process, impacting loan interest rates. The investigation began in late 2022 and involved inspections of the banks' activities in the interbank market.