The Slovakian Competition authority condemns the three biggest banks in Slovakia for having concluded an agreement restricting competition (VUB, SLSP and CSOB)

Slovakia: Cartel in the Banking Sector On 17 December 2009, a decision of the Council of the Antimonopoly Office of the Slovak Republic (hereinafter ‘the Office') came into force, by which the Council confirmed the first instance decision of the Division of Agreements Restricting Competition. In its decision, the Office found that the three biggest banks in Slovakia: Vseobecna uverova banka, a.s. (hereinafter ‘VUB, a.s.'), Slovenska sporitelna, a.s. (hereinafter ‘SLSP, a.s.'), and Ceskoslovenska obchodna banka, a.s. (hereinafter ‘CSOB,

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European Competition Network Brief, The Slovakian Competition authority condemns the three biggest banks in Slovakia for having concluded an agreement restricting competition (VUB, SLSP and CSOB), 17 December 2009, e-Competitions Bulletin Financial services, Art. N° 33436

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