Erste Bank Hungary Zrt.
Approved Evidence
Added to Rotten Company: 8/25/2026
Conduct/Event period: September 15, 2011–January 30, 2012
Ongoing: No
Resolution status: Resolved
Resolution date: August 22, 2018
Erste Bank Hungary fined HUF 900 million in foreign-currency mortgage prepayment cartel case
Summary
The Hungarian Competition Authority found that Erste Bank Hungary and other banks coordinated strategies and exchanged confidential information between 15 September 2011 and 30 January 2012 to restrict fixed-exchange-rate prepayment of foreign-currency mortgages. Following judicial review and a repeated proceeding, the GVH imposed a reduced HUF 900 million fine on Erste in 2018. Source: https://www.gvh.hu/en/press_room/press_releases/press_releases_2018/the_fines_imposed_as_a_result_of_a_cartel_related_
Evidence Weight
99.96
Severity: high
Recency Weight: 99.9589725749017
File Weight: 1