The Anti-Monopoly Authority dropped the investigation regarding the banking fees charged by the Komercni banka, Ceske Sporitelna (Erste Bank) and CSOB. The decision was widely expected. The Anti-Monopoly Authority was investigating whether there was a cartel agreement between the banks, which could have been fined roughly CZK8bn.
By the end of January 2006, the Ministry of Finance intends to propose changes in the banking law, which should improve clients’ standing.