Competition watchdog “raids” offices of 4 systemic Greek banks

8 November 2019
255 Views

Special units from the Hellenic Competition Commission conducted a surprise audit at the headquarters of the four Greek systemic banks.

The members of the task forces (10 per each unit) reportedly appeared unexpectedly at the offices of NBG, Eurobank, Alpha and Piraeus Banks at 9 am on Thursday and asked the banking personnel and executives to leave their offices without touching anything.

Some of the audits at offices of higher banking executives have been completed, while the units are continuing their checks in other offices.

The reasons for the sudden audit are believed to be linked to the banks’ commissioning policy. Information indicates that the “raid” is associated with an extrajudicial prosecution conducted in the summer for similar practices.

The Minister of Development Adonis Georgiadis said he had heard from the market that three of the four banks had colluded to fix their commission rates.

You may be interested

Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greece
GREECE
shares26 views
GREECE
shares26 views

Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greece

makis - May 29, 2020

The Migration and Asylum Ministry announced the start of the operation on June 1, of the eviction of both legitimate…

Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosque
SLIDE
shares50 views
SLIDE
shares50 views

Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosque

makis - May 28, 2020

Muslim mosques in Turkey will be reopening from tomorrow, Friday, the day of the fall of Constantinople (Istanbul), with the…

Athens Open Air Film Festival promises unforgettable nights to movie lovers
ART
shares57 views
ART
shares57 views

Athens Open Air Film Festival promises unforgettable nights to movie lovers

Panos - May 28, 2020

The Athens Open Air Film Festival promises movie goers unforgettable cinematic experiences as the summer event organised for the tenth…

Leave a Comment

Your email address will not be published.