OREANDA-NEWS. August 07, 2012. The Federal Antimonopoly Service (FAS Russia) finalized an antimonopoly case opened against the “Savings Bank of Russia” OJSC and “Rosgosstrakh” Ltd. The FAS Commission did not reveal violations of the Federal Law “On Protection of Competition” in the actions of the two companies, reported the press-centre of FAS Russia.

FAS initiated the case upon a complaint of a physical person that the “Savings Bank of Russia” OJSC was imposing additional services for joining the Programme of collective voluntary life and health insurance of borrowers of the “Savings Bank of Russia” OJSC and arranging such insurance through “Rosgosstrakh” Ltd. in the Kamchatka region.

The FAS Commission concluded that the documents on the case file did not contain signs of violating the antimonopoly law. According to the conditions for participating in the insurance Programme, the above service is voluntary and refusals to participate do not constitute the grounds for refusing to grant a loan. The case materials also do not have any documents confirming arrangements between the “Savings Bank of Russia” OJSC and “Rosgosstrakh” Ltd. to force borrowers to use the services for joining the Programme of collective voluntary life and health insurance.

“Investigating the case, the “Savings Bank of Russia” OJSC made changes to the Conditions for participating in the Programme of collective voluntary life and health insurance of the “Savings Bank of Russia” OJSC. In particular, several provisions are added to the Conditions providing for return of particular monetary funds, paid by the borrowers as for joining the Insurance Programme, depending on a period when a borrower decided to stop participating in the Programme”, pointed out Deputy Head of the FAS Department for Control over Financial Markets, Irina Smirnova.