Delta Credit accused of unfair competition

22 July 2009 (09:42)

Sverdlovsk Region’s division of the Federal Antimonopoly Service (FAS) is to resume the investigation of the case involving Delta Credit Commercial Bank this week. The bank is suspected of violating Article 11 (part 3) of the Federal Competition Protection Act.

FAS’s local division believes the violation could consist in the banks colluding to coordinate their economic activity related to their mortgage lending practices. For one, Delta Credit is reported to impose special standards on the customers that need to be complied with for the mortgage retirement.

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