|
Case number: |
Vj-66/2010 |
|
Type of case: |
Concentration |
|
Undertaking(s) concerned: |
FHB Jelzálogbank Nyrt. (FHB) and Allianz Bank Zrt. (Allianz) |
|
Short description: |
The undertakings are present both on the Hungarian market of residential and corporate banking services - concerning also credit loans and bank deposits -, but taking into account the market share possessed by the parties (as regards credit loans the market share of FHB is less than 5%, while the market share of Allianz does not reach 1%, as regards of retail deposits, corporate credit accounts and corporate deposit accounts the joint market share of Allianz and FHB is less than 1%) and the significant market share of the competitors, the GVH came to the conclusion that the concentration would obviously not result in harmful horizontal effects on the markets concerned. |
|
Decision: |
With its decision concluded on 14 September 2010 the GVH granted authorisation to FHB Jelzálogbank Nyrt. (FHB) for acquiring 100 % of the shares - and therefore sole control - of Allianz Bank Zrt. (Allianz). |
|
Date: |
Budapest, 14 September 2010 |
2010. Oct. 06.