Hellenic Competition Commission fined National Bank of Greece €9.98 million for banking-fee coordination
Company: National Bank of Greece S.A.
Summary
In settlement Decision 838/2023, the Hellenic Competition Commission found that National Bank of Greece 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 €9,978,799.18 fine on National Bank of Greece and ordered reductions in off-us ATM withdrawal fees. This is a regulator finding adopted after the bank submitted a settlement proposal, not a criminal conviction. Primary source: https://www.epant.gr/en/decisions/item/2902-decision-838-2023.html