Greek competition commission makes surprise inspection at banks' HQs

Inspectors affiliated with Greece’s competition commission on Thursday undertook an unprecedented surprise audit at the headquarters of all four of the country’s systemic banks, with reports citing the confiscation of documents, hard drives, and other data, naftemporiki.gr reports.

The same reports pointed to the prospect of a probe on whether announced rises in fees tacked on to a variety of routine bank transactions – such as printing a deposit’s balance from an ATM – were coordinated and agreed to by the banks, i.e. in a cartel-like manner.

After pressure by the government, the banks suspended from most of the announced fee hikes, although the prospect has not been ruled out for the near future.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

 

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