On February 28, the China Banking and Insurance Regulatory Commission publicized several fines, pointing to the failure of “three inspections” of bank loans Shenzhen Branch of Industrial And Commercial Bank Of China Limited(601398) , China Merchants Bank Co.Ltd(600036) , Industrial Bank Co.Ltd(601166) three banks faced fines, and three relevant principals of Agricultural Bank Of China Limited(601288) Chaoyang Branch were banned.
Specifically, Industrial And Commercial Bank Of China Limited(601398) Shenzhen branch has been fined 500 thousand yuan by the Shenzhen Insurance Regulatory Bureau for failing to perform its duties before the loan investigation. Meanwhile, two of Deng Lijun and Lu Weiqiang were warned directly by the Shenzhen branch of ICBC.
In addition, China Merchants Bank Co.Ltd(600036) Shenzhen Branch was fined 400000 yuan by Shenzhen banking and insurance regulatory bureau because of its failure to fulfill the “three inspections” of loans and the misappropriation of credit funds Industrial Bank Co.Ltd(601166) Shenzhen Branch was also fined 400000 yuan for the same violations.
Moreover, according to the ticket publicized by Chaoyang banking and insurance regulatory branch, the three principals of Agricultural Bank Of China Limited(601288) Chaoyang Branch were banned from business due to the cause of illegal loan issuance.
Among them, Wang Liangui was banned from working in the banking industry for life by Chaoyang banking and insurance regulatory branch for accepting bribes and abusing his power, resulting in the Agricultural Bank of China Chaoyang Branch issuing loans involved in the case and assuming leadership responsibility; Chen Fuxue was prohibited from working in the banking industry for life because he took bribes and issued loans in violation of regulations, and was responsible for the failure of due diligence in loan investigation and inadequate post loan management of the branch; Liu Xishan was banned from working in the banking industry for three years because he was directly responsible for the branch’s failure to perform due diligence in loan investigation and inadequate post loan management.
Blue whale finance found that according to Tianyan survey, Wang Liangui became the head of Chaoyang Branch of Agricultural Bank of China in June 2015. From then on to July 2018, the head of the branch changed again, from Wang Liangui to Yang Shaojun.
It is worth mentioning that in September 2020, Chaoyang Branch of Agricultural Bank of China was fined 500000 yuan for failing to perform due diligence in loan investigation, lax loan review and inadequate post loan management.
