There is also a lot of chaos in national joint-stock banks. According to the ruling disclosed by the recent judgment document network, China Minsheng Banking Corp.Ltd(600016) four responsible persons of Dalian Branch illegally issued a jointly guaranteed loan of 356 million yuan without reviewing the authenticity of the loan materials. After some loans were overdue, they still handled the reverse loan for the borrower, resulting in a large number of principal and interest that could not be recovered, and four people were sentenced.
According to the facts found out by the court, after the Spring Festival in 2013, Wang (handled in another case) found Tian Yu, then president of Yuexiu branch of China Minsheng Banking Corp.Ltd(600016) Dalian Branch, after being introduced by others, and said that his relatives and friends of marine aquaculture wanted to apply for the marine fishery joint guarantee loan of the bank, so Tian Yu handed over the business to the team led by Zhao Zhenyu, sales director of Yuexiu branch.
The so-called joint guarantee loan is a standardized financing product developed by China Minsheng Banking Corp.Ltd(600016) . It provides short-term financing business for more than three enterprises (including) who are familiar with each other and voluntarily form a joint guarantee. The credit guarantee method is that the members of the joint guarantee provide joint and several liability guarantee for the credit of other members.
However, from March 27 to December 11, 2013, Wang organized 98 borrowers without marine aquaculture entities through others to form 23 joint guarantee groups, forged contract, village committee certificate, bank flow, electricity bill and other loan materials, fictitious loan purpose, applied for joint guarantee loan from Yuexiu sub branch, and finally approved a loan of 267.3 million yuan, which was used by Wang and others. The court held that during the examination and approval of the above loans, Zhao Zhenyu, Tian Yu, Zhang Zejie, the reviewer of China Minsheng Banking Corp.Ltd(600016) Dalian Branch, and Wang Guangjun, the former general manager of small and micro enterprises and community risk management department (the final approver), failed to fulfill their duties, violated National regulations, and failed to strictly examine the purpose of the loans and the authenticity of the loan materials In case of audit, it leads to bank lending. According to the judicial appraisal test of Dalian Yongtong judicial appraisal center, as of May 2015, about 170.7 million yuan of loan funds had been overdue and could not be recovered.
In addition, from March to June 2013, a total of 8 groups of joint protectors were formed by many people in groups to apply for a loan from China Minsheng Banking Corp.Ltd(600016) on the grounds that the operation of sea cucumber seedling needs funds. Zhao Zhenyu and other four people violated national regulations and failed to examine the authenticity of the above-mentioned joint guarantee loan materials, which eventually led to the approval of false materials and the illegal issuance of loans totaling 88.2 million yuan.
It is worth noting that after the above-mentioned eight groups of jointly guaranteed loans were overdue, seven of them handled the reverse loan through Zhao Zhenyu and Tian Yu. As of June 2019, 35.7684 million yuan of loan funds had been overdue and could not be recovered, of which the principal and interest were 20.5141 million yuan and 555800 yuan respectively, and the total penalty interest was 14.6985 million yuan.
Under the popular concept of Inclusive Finance, the joint guarantee loan of farmers / small and micro enterprises was once popular in major villages and towns because it could reduce the borrower’s mortgage guarantee requirements through mutual credit enhancement. However, the loan originally intended to help farmers and herdsmen solve the problem of poverty was due to the random construction process of the joint guarantee group and the lack of credit screening of members, Not only are the guarantors often “inexplicably” involved in lawsuits, but also the “fake joint guarantee” loan fraud events of internal and external collusion occur from time to time, which has become the hardest hit area for the bad debt risk of local banks.
The reporter searched for criminal cases under the condition of “jointly guaranteed loan + illegal loan issuance”, and the results showed that there were 195 cases. The units involved included branches of large banks such as China’s Postal Savings Bank Of China Co.Ltd(601658) Dalian Zhuanghe sub branch and China’s Agricultural Bank Of China Limited(601288) Zhoukou Huaiyang District sub branch, as well as local financial institutions such as Hebei Baoding Mancheng Rural Credit Union and Hubei Yunmeng rural commercial bank, Most of the illegal facts occurred before 2016.
Insiders pointed out that with the increasing supervision, on the one hand, financial institutions have strengthened the rectification of lax pre loan review and relaxed post loan management of such businesses, on the other hand, they are also reducing the business scale and the frequency of cases has decreased significantly. However, some analysts believe that the internal governance of local financial institutions still has a long way to go, the management of branches by national joint-stock banks also needs to be strengthened, and more efforts should be made to prevent new credit chaos in the new era.
