And BRD won in court to suspend the order of the National Authority for the Protection of Consumer Rights (ANPC), which sanctioned the bank for misleading commercial practices regarding the method of calculating rates. The decision was made on Friday by the Bucharest Court of Appeal.

According to a decision published on the Courts Portal, the Bucharest Court of Appeal granted BRD’s request and ordered the suspension of ANPC’s order pending the court’s decision on the merits.

The decision is not final, it can be challenged in the Bucharest Court of Appeal, but it is enforceable.

This is the second such decision in ANPC’s war with the banks.

A week ago, the National Consumer Protection Authority lost to Banca Transilvania in the Court of Appeal of Cluj. And then the court granted the bank’s request to suspend the ANPC president’s order pending the court’s decision on the merits.

It will be recalled that the ANPC sanctioned the banks for what it called “deceptive commercial practices in calculating rates” on the grounds that the repayment schedule had the rate in the early years consisting of 25% of the principal balance to be repaid and 75% of the interest .

Fined twice. The first time it was directed at 11 banks: ING Bank, First Bank, Credite Europe Bank, OTP Bank, Alpha Bank, Banca Transilvania, Raiffeisen Bank, BCR, Patria Bank, Unicredit Bank, BRD Groupe Societe Generale. They were fined 550,000 lei, and “in order to restore the contractual balance” it was proposed to issue new reimbursement schedules.

ANPC subsequently fined eight other banks 400,000 lei: Exim Bank, Procredit Bank, Intesa Sanpaolo, Techventures Bank (formerly Banca Comercială Feroviara), Libra Bank, CEC Bank, Garanti Bank and Vista Bank.

Read also:

11 banks were sanctioned by the ANPC for misleading commercial practices regarding the calculation of rates / Accusations of “cartel behavior”

ANPC imposed sanctions on eight other Romanian banks / Among them are two state-owned banks: Eximbank and CEC Bank