On 7 March 2018, the CPC opened a sector inquiry into the
banking sector. The aim of the sector inquiry is to examine the
competitiveness and transparency in the banking sector and the
conditions of banking services in Bulgaria. The CPC will review any
existing barriers preventing customers from switching to another
bank, the existence of product tying (i.e. binding / bundled
sales), and other practices potentially harmful to competition.
Furthermore, the CPC indicated that, in advance of the sector
inquiry, it has carried out a review of the publicly available
information on the websites of the respective banks concerning the
applicable interest rates, fees and commissions applied in the
provision of services to customers by the member banks of the
Association of Banks in Bulgaria.
