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Chengdu Bank Chongqing Branch Fined 1.4 Million Yuan for Loan Review Failures
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On September 20, the Chongqing Financial Regulatory Bureau issued an administrative penalty against the Chongqing Branch of Bank of Chengdu Co., Ltd. The violations included inadequate loan investigation and review, imprudent credit limit calculations, and insufficient screening of abnormal employee behavior. As a result, the branch was fined RMB 1.4 million. Warnings were issued to six individuals: Chen Hong, Sun Zhen, Ren Ling, Yang Zhengrong, Hua Yilong, and Liu Shuangjian. Additionally, Tu Min and Wang Hongtao received warnings and fines totaling RMB 100,000. Tang Xiaoya was banned from working in the banking industry for three years. The information was sourced from Lanjing Finance and reported by East Money.
Source report
Lanjing News, September 20 — The Chongqing Financial Regulatory Bureau has recently issued an administrative penalty decision against Bank of Chengdu.
According to the penalty notice, the Chongqing Branch of Bank of Chengdu Co., Ltd. was found to have committed the following violations:
- Inadequate loan investigation and review
- Imprudent credit limit calculations
- Insufficient screening of abnormal employee behavior
In response, the Chongqing Financial Regulatory Bureau imposed the following penalties:
- A fine of RMB 1.4 million on the Chongqing Branch of Bank of Chengdu Co., Ltd.
- Warnings issued to Chen Hong, Sun Zhen, Ren Ling, Yang Zhengrong, Hua Yilong, and Liu Shuangjian
- Warnings and fines totaling RMB 100,000 imposed on Tu Min and Wang Hongtao
- A three-year ban from working in the banking industry imposed on Tang Xiaoya
(Source: Lanjing Finance)
Source
东方财富网-A股公司Eastern
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Chengdu Bank Chongqing Branch Fined 1.4 Million Yuan for Loan and Internal Control Failures