Resolutions > Resolutions of the GVH > Resolutions 2006

Vj-12/2006/62

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Case number:

Vj-12/2006

Type of case:

Abuse of dominant position

Undertaking(s) concerned:

OTP Bank (National Savings Bank)

Short description:

The case was initiated after OTP unilaterally modified the amount of the early repayment fee charged in connection with consumer credit in August 2005. The raise was substantial in comparison to the amount fixed in the contracts with the clients. This conduct was suspected to be an abuse of a dominant position.

Decision:

The Competition Council of the Hungarian Competition Authority (GVH) terminated a case against OTP Bank (National Savings Bank, hereinafter: OTP) after accepting a commitment by OTP.

Date:

12 July 2007

English summary of the decision in PDF