Erste seeks court review of Hungary ruling on bank cartel

Newswire

BUDAPEST, Nov 29 (Reuters) - The Hungarian arm of Erste will seek a court review of a recent ruling by Hungary's competition watchdog GVH, which fined several banks claiming they had operated a cartel during a repayment scheme for foreign currency mortgage holders. The GVH had imposed fines totalling 9.5 billion forints on 11 commercial banks, including Erste. Erste again denied any wrongdoing in its statement, and said it did not align its strategy with other ...

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