Bloomberg News

Hungary Probes Cartel Activity at Local Banks on Mortgages

November 24, 2011

Nov. 23 (Bloomberg) -- Hungary’s Competition Authority has launched a probe against seven banks to probe cartel activity on the household mortgage market.

The probe involves OTP Bank Nyrt., Erste Bank Hungary Nyrt., Raiffeisen Bank Zrt., MKB Bank Zrt., CIB Bank Zrt., UniCredit Bank Hungary Zrt. and Fundamenta-Lakaskassza Zrt., the authority said in an e-mailed statement today.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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