The Moldovan Competition Authority identifies unfair competition practices in the banking sector (Banca Naţională a Moldovei)

On 4 September 2009 National Agency for Protection of Competition (Agenţia Naţională pentru Protecţia Concurenţei) (ANPC) adopted a decision of non-intervention regarding the unfair competition practices observed in the banking industry. In November 2008 the ANPC initiated an investigation concerning potential violations of competition law that might have been committed by the banks offering loans to the consumers [1]. The ANPC found that information displayed on the banks' web sites did not allow the consumers to estimate the total amount to be paid to the bank on the basis of the loan agreement. According to the ANPC, this constituted an unfair

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  • University of Macau - Faculty of Law (Macau)

Quotation

Alexandr Svetlicinii, The Moldovan Competition Authority identifies unfair competition practices in the banking sector (Banca Naţională a Moldovei), 4 September 2009, e-Competitions September 2009, Art. N° 28750

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