On February 14, the Shenyang Branch of the central bank publicized an administrative punishment information, which showed that China Citic Bank Corporation Limited(601998) Shenyang branch was fined more than 2.4 million yuan for five illegal acts such as occupying and pressing financial funds in violation of regulations.
According to the ticket, China Citic Bank Corporation Limited(601998) Shenyang branch is involved in illegal acts. First, it violates the relevant management regulations on the construction of financial consumption rights and interests protection system, consumer financial information protection, financial marketing publicity, financial consumption dispute resolution and so on; Second, it violates the relevant provisions on the management of RMB bank settlement accounts; Third, failing to perform the procedures for the collection of counterfeit money as required; Fourth, occupying and pressing financial funds in violation of regulations; Fifth, it failed to perform the obligation of customer identification as required.
Therefore, the Central Bank Shenyang branch gave a warning to China Citic Bank Corporation Limited(601998) Shenyang branch and fined 2.406 million yuan. At the same time, Guan Yande, then general manager of the retail banking department of the branch, and Zhang Junjie, then general manager of the corporate banking department, were responsible for the branch’s failure to perform its customer identification obligations as required, and were fined 50000 yuan and 18000 yuan respectively.
Blue whale finance found that China Citic Bank Corporation Limited(601998) has been continuously fined recently.
Just last month, Zhengzhou Central sub branch of the central bank publicized a ticket that showed that China Citic Bank Corporation Limited(601998) Zhengzhou branch had falsely reported financial statistics, violated account management regulations, failed to perform customer identification obligations as required, traded with unidentified customers, violated relevant provisions on anti-counterfeiting of RMB, violated provisions on the setting and use of Treasury accounts Eight violations of the internal control and other management regulations on financial consumer protection and the provisions on the protection of personal financial information were warned and fined 875000 yuan.
In the same month, China Citic Bank Corporation Limited(601998) Bengbu Branch was fined 300000 yuan by Bengbu banking and insurance regulatory branch for illegal bill discount business and serious violation of prudent operation rules.
In November last year, China Citic Bank Corporation Limited(601998) Xiamen Branch was fined 9.5 million yuan by Xiamen banking and Insurance Regulatory Bureau due to lax mortgage value review, failure to implement credit approval opinions, issuance of loans, failure to reveal related relationships before loans, inadequate post loan management, etc.
