On February 23, the Shanghai Banking and insurance regulatory bureau announced a single sword finger Bank Of Shanghai Co.Ltd(601229) .
According to the ticket information, from March to July 2015, the interbank investment business of the bank illegally accepted the guarantee of a third-party financial institution. According to item (5) of Article 46 of the law of the people’s Republic of China on banking supervision and administration, the Shanghai Banking and Insurance Regulatory Bureau ordered the bank to make corrections and imposed a fine of 2.4 million yuan.
Since last year, the bank has received regulatory fines for many times, including failure to submit statistical statements as required, illegal transfer of credit assets that do not meet the recognition standards of non-performing assets, granting loans to unqualified customers, etc.
In addition, in July last year, the bank also received a large ticket, and a number of causes of action involved illegal housing related loans. The Shanghai Banking and Insurance Regulatory Bureau imposed a fine of 4.6 million yuan on Bank Of Shanghai Co.Ltd(601229) and ordered it to make corrections.
Specifically, Bank Of Shanghai Co.Ltd(601229) there are six main violations of laws and regulations. First, in December 2018, the compliance review of a interbank investment real estate enterprise of the bank seriously violated the prudent operation rules; Second, in November 2019, the post credit management of an operating property loan of the bank seriously violated the prudent operation rules; Third, from February to April 2019, some personal loans of the bank were used for house purchase in violation of regulations; Fourth, from May to July 2020, the bank did not prudently review the solvency of some individual housing loan borrowers; Fifth, in July 2020, the bank seriously violated the prudent operation rules in the charge management of third-party institutions in the loan assistance link; Sixth, from June to December 2020, part of the bank’s business was charged by loan.
According to the third quarterly report of Bank Of Shanghai Co.Ltd(601229) , from January to September this year, Bank Of Shanghai Co.Ltd(601229) achieved an operating revenue of 41.456 billion yuan, a year-on-year increase of 10.44%. The net profit attributable to the parent company was 16.644 billion yuan, a year-on-year increase of 10.58%. By the end of September 2021, Bank Of Shanghai Co.Ltd(601229) total assets were 2652.037 billion yuan, an increase of 7.71% over the end of the previous year.
