Antimonopoly Committee fines Pivdenny Bank UAH 3 million
21 December 2024 04:01
The Antimonopoly Committee of Ukraine (AMCU) has fined Pivdenny Bank PJSC UAH 3 million for violating the legislation on the protection of economic competition. This was reported by the press service of the committee, "Komersant Ukrainian" reports
The violation consisted of failure to provide information at the request of the AMCU state commissioner within the prescribed time, which is a violation of Article 50 of the Law of Ukraine “On Protection of Economic Competition”.
The decision to impose the fine was made on December 19, 2024. According to the law, failure to provide information at the request of the AMCU is a serious violation that may impede effective control over compliance with antitrust laws.
It is not yet known whether the bank plans to appeal the AMC’s decision. According to the law, it has the right to apply to the court to appeal the decision within the established time limit.
PJSC Joint-Stock Bank Pivdenny is one of the leading banks in Ukraine, registered by the National Bank of Ukraine.
