Hellenic Competition Commission fined Alpha Bank €9.11 million for banking-fee coordination
Company: Alpha Bank S.A.
Summary
In settlement Decision 838/2023, the Hellenic Competition Commission found that Alpha 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 €9,110,682.91 fine on Alpha Bank and ordered reductions in off-us ATM withdrawal fees. This is a regulator finding adopted after Alpha Bank submitted a settlement proposal, not a criminal conviction. Primary source: https://www.epant.gr/en/decisions/item/2902-decision-838-2023.html