OREANDA-NEWS.  July 02, 2012. The 17th Arbitration Appeal Court confirmed legitimacy of the decision of the Office of the Federal Antimonopoly Service in the Perm Region (Perm OFAS Russia) in a dispute between the “Savings Bank of Russia” OJSC and “ROSNO” Insurance Company” OJSC, reported the press-centre of FAS Russia.

Earlier the antimonopoly body exposed concerted actions between the bank and the insurance company (Clauses 4, 5 and 8 Part 1 Article 11 of the Federal Law “On Protection of Competition”). The bank was forcing upon its clients, that wished to obtain loans, a disadvantageous service for joining the life and health insurance programme offered by a particular company - “ROSNO” Insurance Company” OJSC.

Perm OFAS Russia issued a determination to the companies to transfer gained as a result of violating the antimonopoly law: 293 million Rubles for the Savings Bank and 40 million Rubles for the insurance company.

“The most important outcome of the case investigation is ceasing the practice of imposing insurance services by the bank upon its customers. The bank must organize its work in such a manner that customers will be able to clearly understand the conditions for obtaining loans and can choose whether to insure the risks”, pointed out the Head of Perm OFAS Russia, Dmitry Makhonin.