Cinkciarz.pl sp. z o.o., an online currency exchange, and Conotoxia sp. z o.o., a payment institution, announce that they will soon take legal action against PKO BP S.A., claiming damages of at least 1 billion PLN. The grounds for the lawsuit are the bank's collusion and refusal to provide the companies with financing in the form of investment and working capital loans.
PKO BP S.A. has announced that companies within the Conotoxia group are competitors to the bank, and the bank has a top-down ban on financing them. This is another evidence of a clear violation of the principles of equal treatment of companies and obstruction of access to the market. PKO BP S.A., like many other banks, has imposed a total ban on cooperation with entities from the Conotoxia group, which is detrimental not only to the companies' interests but also to the welfare of customers. Accordingly, an appropriate notification will be submitted to the Office of Competition and Consumer Protection (UOKiK).