PLN 7 million of penalty for Deutsche Bank Polska

The President of the Office for Competition and Consumer Protection has issued a decision declaring three clauses used by Deutsche Bank Polska abusive. He has also prohibited the use thereof. The President initiated the proceedings against the bank in May 2017. The clauses impugned by UOKiK are included in model contracts, annexes and regulations for loans denominated in CHF or EUR. The provisions impugned by the President of UOKiK concern calculation of exchange rates and the principles of performance of loan contracts by consumers.