7By Decision 2004/138/EC of 11 June 2002 relating to a proceeding under Article 81 of the EC Treaty (in Case COMP/36.571/D-1: Austrian banks — ‘Lombard Club’) (OJ 2004 L 56, p. 1), the Commission found that eight Austrian banks had participated, over a number of years, in a cartel known as the ‘Lombard Club’ covering almost the whole of Austria (‘the Lombard Club decision’). In the Commission's view, the banks referred to had, within that cartel, inter alia, fixed jointly the interest rates for certain investments and loans. The Commission therefore imposed fines totalling EUR 124.26 million on those banks, which included in particular the Bank für Arbeit und Wirtschaft AG (‘BAWAG’), the Österreichische Volksbanken-AG (‘ÖVAG’) and the Niederösterreichische Landesbank-Hypothekenbank AG (‘NÖ-Hypobank’).
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