Hellenic Competition Commission fined Piraeus Bank €12.99 million for banking-fee coordination
Company: Piraeus Bank S.A.
Summary
In settlement Decision 838/2023, the Hellenic Competition Commission found that Piraeus Bank and other banks participated in prohibited agreements and information exchanges concerning ATM direct-access fees, issuing fees and other banking charges beginning in 2018. The HCC imposed a €12,993,482.86 fine on Piraeus Bank and ordered reductions in off-us ATM withdrawal fees. This is a regulator finding adopted after Piraeus Bank submitted a settlement proposal, not a criminal conviction. Primary source: https://www.epant.gr/en/decisions/item/2902-decision-838-2023.html