Crédito Agrícola EUR 350,000 banking information-exchange fine
Company: Crédito Agrícola
Summary
The Portuguese Competition Authority found that Caixa Central - Caixa Central de Crédito Agrícola Mútuo participated in the long-running concerted exchange of sensitive commercial information among banks concerning mortgage, consumer and corporate credit. The conduct ran from 2002 to 2013 and included information such as future spreads and recent lending volumes. The AdC imposed a EUR 350,000 fine in September 2019. The broader banking case continued through national and EU judicial proceedings through 2025, so this record is marked unresolved. Sources: https://www.concorrencia.pt/en/articles/adc-imposes-fine-225-million-euros-14-banks and https://extranet.concorrencia.pt/pesquisAdC/Page.aspx?IsEnglish=True&Ref=PRC_2012_9