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Polish competition authority fines Getin Noble Bank PLN6.7 million for misleading information on investment, insurance products

( January 27, 2014, 10:42 GMT | Official Statement) -- MLex Summary: The Polish competition authority concluded that Getin Noble Bank broke the law by providing misleading information to customers signing contracts on long-term investment and insurance products. The bank was found to have failed to properly inform its customers of the key features of the products in question, such as the risk involved and cost for terminating the agreement. Therefore, the regulator decided to impose a financial penalty of 6.7 million zloty ($2.1 million).Full statement follows:...

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