Following a targeted investigation, the central bank, which also acts as a financial watchdog, found that Cetelem Bank failed to display, or displayed inconspicuously, APRs in consumer loan advertisements, the news agency reported.
The central bank noted that Cetelem Bank had received a fine of HUF 10 mln for similar violations two years ago, however it took into mitigation the many improvements made since in determining the level of the latest fine.
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