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3 months ago
BRIEF-Bank of Cyprus appeals decision made by the Cyprus Commission for the Protection of Competition
May 24, 2017 / 7:33 AM / 3 months ago

BRIEF-Bank of Cyprus appeals decision made by the Cyprus Commission for the Protection of Competition

XXX (Reuters) - BANK OF CYPRUS HOLDINGS PLC:

* SAYS WILL LEGALLY APPEAL THE DECISION MADE BY THE CYPRUS COMMISSION FOR THE PROTECTION OF COMPETITION TO FINE THE COMPANY WITH 18 MILLION EUROS

* THE DECISION WHICH WAS ANNOUNCED ON MAY 22, ARISES FROM COMPLAINTS FILED IN 2010 RELATING TO THE BANK’S ALLEGED ABUSE OF ITS DOMINANT MARKET POSITION IN ITS CARDS BUSINESS

Source text: bit.ly/2rSvquH

Further company coverage: (Gdynia Newsroom)

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