Latvijas reitingi - Latvia - Competition Council fines 22 banks LVL 5.5 million for running a cartel

The Competition Council has discovered a cartel among 22 commercial banks regarding commissions on bankcard and ATM services, and decided to fine these banks LVL 5.5 million altogether.

"Swedbank" was imposed a fine of LVL 2.83 million, "Citadele banka" - LVL 1.22 million, "SEB banka" - LVL 558,744, "Latvijas Krajbanka" - LVL 259,006, "DnB NORD Banka" - LVL 167,466, "Nordea Bank Finland Plc's" branch in Latvia - LVL 158,401, "Rietumu Banka" - LVL 103,927, "GE Money Bank" - LVL 79,408, "Latvijas Hipoteku un zemes banka" (Latvian Mortgage and Land Bank) - LVL 55,594, "Norvik banka" - LVL 25,227.5, "Aizkraukles banka" - LVL 15,491, "PrivatBank" - LVL 5,486, "UniCredit Bank" - LVL 5,435, "Danske Bank's" branch in Latvia - LVL 2,688, "Baltic International Bank" - LVL 2,680, "Trasta komercbanka" - LVL 2,596, "SMP Bank" - LVL 2,022, "Akciju komercbanka "Baltikums"" - LVL 1,364, "Regionala investiciju banka" - LVL 1,274.5, "Latvijas Biznesa banka" - LVL 728, "LTB Bank" - LVL 500 and "VEF banka" - LVL 500.

Latvijas reitingi - Latvia - Competition Council fines 22 banks LVL 5.5 million for running a cartel