GVH justified the verdict by stating that although both are financial institutions, they cannot be considered competitors given the differing regulations governing their activities.
GVH levied a HUF 75,000 per day fine, below the legal maximum of HUF 200,000, taking into account that the two banks submitted their request for approval with a 438-day delay but they did so voluntarily and hiding the transaction was clearly not a motive.
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