Banco BPI EUR 30 million sensitive-information banking cartel fine
Company: Banco BPI, S.A.
Summary
The Portuguese Competition Authority found that Banco BPI and other banks participated in a concerted exchange of sensitive commercial information concerning retail-banking credit products between 2002 and 2013. Banks exchanged information such as future mortgage spreads and recent lending volumes, reducing competitive uncertainty. In September 2019 the AdC imposed a EUR 30 million fine on Banco BPI. The broader banking case remained subject to judicial proceedings and appeals through 2025, so this evidence is marked unresolved pending final procedural closure. Sources: https://www.concorrencia.pt/en/articles/adc-imposes-fine-225-million-euros-14-banks and https://extranet.concorrencia.pt/pesquisAdC/Page.aspx?IsEnglish=False&Ref=IDF_2019_3