Jilin Jiutai rural commercial bank was fined 1.3 million for failing to perform due diligence in loan review

On January 30, the information disclosure form of administrative punishment released by Jilin banking and Insurance Regulatory Bureau showed that on January 26, Jilin Jiutai Rural Commercial Bank Co., Ltd. was fined 1.3 million yuan for failing to perform due diligence in loan review, the flow of credit funds to the borrower's affiliated enterprises, and issuing working capital loans exceeding the borrower's actual capital needs. Gao Zhonghua was directly responsible for the above violations and was warned and fined 80000 yuan.