{"id":12900,"date":"2026-11-11T08:01:48","date_gmt":"2026-11-11T08:01:48","guid":{"rendered":"https:\/\/ofero.news\/?p=12900"},"modified":"2026-11-11T08:01:48","modified_gmt":"2026-11-11T08:01:48","slug":"bcr-fails-to-suspend-eur-110-mln-fine-imposed-by-romanias-competition-watchdog-in-robor-case","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=12900","title":{"rendered":"BCR fails to suspend EUR 110 mln fine imposed by Romania&#8217;s competition watchdog in ROBOR case"},"content":{"rendered":"<p>BCR is the second bank to lose its case at the Bucharest Court of Appeal, after state-owned CEC Bank, according to <a href=\"https:\/\/www.economica.net\/ultima-ora-bancile-mai-primesc-o-lovitura-in-scandalul-robor-si-bcr-pierde-procesul-cu-consiliul-concurentei-cu-o-amenda-de-aproape-600-milioane-lei-schimbarea-robor-tot-mai-aproape_993657.html?mc_cid=4c654e27bb&amp;mc_eid=cd1f92f96c\">Economica.net<\/a>.<\/p>\n<p>Overall, the ten Romanian banks were fined RON 3.7 billion, or just over EUR 700 million.<\/p>\n<p>Through their appeals, the banks are seeking to suspend the effects of the Competition Council&#8217;s decision, including payment of the record fines.<\/p>\n<p>The watchdog also asked the ten sanctioned banks to draw up and submit individual compliance plans to eliminate anti-competitive practices in the procedure for setting the ROBOR index. The banks were given 60 days from the date on which they received the extended reasoning of the decision to submit these plans. The deadline expires at the end of November 2026, as the reasoning was communicated at the end of September.<\/p>\n<p>The banks have challenged the decision in court and requested the suspension of its application. So far, the Bucharest Court of Appeal has rejected the first suspension requests filed by CEC Bank and BCR, meaning that the obligations set out in the decision remain enforceable.<\/p>\n<p>Separately, a bill on compensation for customers affected by anti-competitive practices surrounding the ROBOR index (registered under number L447\/2026) was adopted by the Senate on October 14, 2026, and is awaiting a decisive vote in the Chamber of Deputies.<\/p>\n<p>The initiative would establish a mechanism allowing individuals to recover excess interest payments, although its effective implementation depends on the final outcome of the court proceedings. Under the bill, banks would be required to recalculate contractual obligations by replacing the ROBOR index with IRCC, starting May 2, 2019.<\/p>\n<p>Initial public estimates by USR MP Alexandru Dimitriu put the total damage caused to borrowers at roughly RON 6.32 billion (approximately EUR 1.2 billion), <a href=\"https:\/\/www.bursa.ro\/ploaie-de-proiecte-legislative-pentru-despagubirea-clientilor-bancari-in-scandalul-robor-00182955?mc_cid=4c654e27bb&amp;mc_eid=cd1f92f96c\">Bursa.ro<\/a> reported. Of this amount, the portion directly attributable to retail consumers \u2013 the beneficiaries of the current ROBOR compensation bill \u2013 is estimated at about RON 3.26 billion (roughly EUR 620 million).<\/p>","protected":false},"excerpt":{"rendered":"<p>BCR is the second bank to lose its case at the Bucharest Court of Appeal, after state-owned CEC Bank, according to Economica.net. Overall, the ten Romanian banks were fined RON 3.7 billion, or just over EUR 700 million. Through their appeals, the banks are seeking to suspend the effects of the Competition Council&#8217;s decision, including [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12900","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12900"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12900\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}