Poland’s Office for Competition and Consumer Protection (UOKiK) has imposed a total of 150 million złotys in fines on four banks for anticompetitive practices. The penalties stem from UOKiK’s investigation into alleged collusion regarding foreign currency mortgage loans. Details of the specific practices leading to the fines have not been immediately released, but the regulator indicated the actions negatively impacted consumers. This decision signals a strengthened stance by UOKiK against unfair practices within the Polish financial sector. The banks involved have the right to appeal the decision. Further information regarding individual bank penalties and the scope of the investigation is expected to be published by UOKiK in the coming days. The move aims to protect consumers and ensure fair competition within the Polish banking market.