Wednesday, June 19th, 2013
Polish banks to pay millions in fines
Poland's Office of Competition and Consumer Protection fined PKO Bank Polski, Bank Pekao and Raiffeisen Bank Polska on grounds of not respecting consumer rights.
PKO BP was fined zł.2.84 million for not disclosing all conditions of an attractive loan in its advertising campaign. Pekao was given a zł.1.83 million fine for delays in transferring data to credit information center BIK. Raiffeisen was handed a zł.183 million fine for demanding that a mortgage loan client pay for a property valuation after two or three loan installments are missed and for requiring a notification on several changes to the customers' situation, such as a decrease in personal income.
These decisions are not final, and the banks can file an appeal to the court.
From Warsaw Business Journal
Also check out:
BNP Paribas Polska SPO
PKO BP takes over Nordea's Polish assets
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Raiffeisen Polbank with zł.45.5 million profit in Q1
BNP Paribas Polska SPO
PKO BP takes over Nordea's Polish assets
BRE Bank rebrands for zł.100 million
Raiffeisen Polbank with zł.45.5 million profit in Q1
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