K&H Bank fined HUF 780 million in foreign-currency mortgage prepayment cartel case
Company: K&H Bank Zrt.
Summary
The Hungarian Competition Authority found that K&H Bank 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 780 million fine on K&H 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_