|
Case number: |
Vj-45/2006 |
|
Type of case: |
Deception of consumers |
|
Undertaking(s) concerned: |
MBI Nemzetközi Marketing Tanácsadó és Biztosításközvetítő Kft., Union Biztosító Zrt., Kereskedelmi és Hitelbank Rt. |
|
Description: |
In the competition supervision proceedings the Competition Council of the Hungarian Competition Authority (Gazdasági Versenyhivatal - GVH) concluded that the advertisements of the three undertakings, which stated that, by signing a life insurance agreement, the consumer will be able to benefit from a preferential credit for the purchase of an apartment. However, the latter has been proven not to be true. |
|
Decision: |
The Competition Council of the GVH established in its decision, that MBI Nemzetközi Marketing Tanácsadó és Biztosításközvetítő Kft., Union Biztosító Zrt., Kereskedelmi és Hitelbank Rt. infringed the provisions on the prohibition of unfair manipulation of consumer choice of the Hungarian Competition Act. Therefore, the Competition Council imposed the following fines for the unlawful behaviour of the three undertakings: MBI Nemzetközi Marketing Tanácsadó és Biztosításközvetítő Kft.: HUF 72 million (approx. EUR 252600), Union Biztosító Zrt.: HUF 24 million (approx. EUR 84200), Kereskedelmi és Hitelbank Rt.: HUF 3 million (approx. EUR 10500). |
|
Date: |
Budapest, 7 September 2006 |
2008. Oct. 27.