Monday, February 9, 2015

OCCP punished Alior Bank. More than 3 million zł penalty – Dziennik.pl

OCCP punished Alior Bank. More than 3 million zł penalty – Dziennik.pl

Paul Ratyński with OCCP yjaśnia the bank during the term of the contracts unilaterally amended the regulations to be paid for withdrawing funds in cash in the currency of the deposit. This change will undermine the essence of the contract of investment bank and deprive consumers part of expected profits.

As a result of such action bank consumers can choose only between the solutions that were unprofitable for them. They could either agree that the funds on deposit will be paid in US dollars, or terminate the agreement accepting the loss of interest. Office Experts said the change to the contract term is permitted only with the consent of both parties.

Bank ceased to have the use of the challenged practices. OCCP decision is not final, and punished entrepreneur appealed against it to the court.

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