The Banco de España has fined Triodos Bank, N.V., Sucursal en España.

At its meeting on 27 February 2019, the Governing Council of the Banco de España resolved to impose on Triodos Bank, N.V., Sucursal en España a:

Fine of one hundred and seventy-four thousand euro (€174,000) imposed on Triodos Bank, N.V., Sucursal en España (after the application of a reduction of 40% provided for in Article 85 of Law 39/2015  of 1 October 2015 on the general government common administrative procedure) pursuant to Article 98(1)(a) of  Law 10/2014 of 26 June 2014 on the regulation, supervision and solvency of credit institutions, for the commission of a serious infringement of the type defined in Article 93(f) of said Law 10/2014.

This infringement consisted of non-compliance by the institution with the provisions of Ministerial Order 2899/2011 and Banco de España Circular 5/2012 relating to precontractual information provided to the customer on transaction expenses and costs and to the inclusion of such expenses and costs in the calculation of the annual percentage rate (APR).

This sanction is a final administrative decision.

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