China Everbright Bank Company Limited Co.Ltd(601818) Kunming Branch was fined 300000 yuan by Yunnan regulatory bureau of China Banking and Insurance Regulatory Commission because of its inadequate management of community banks and the formality of employee behavior investigation

Document No. of administrative punishment decision document: yybjfzz [2021] No. 78

Name of the punished party or individual

Company name China Everbright Bank Company Limited Co.Ltd(601818) Kunming Branch

Name of legal representative (principal): Luo Shuzhang

Main illegal facts (cause of action)

The administrative penalty shall be imposed in accordance with item (5) of Article 46 of the banking regulatory law of the people’s Republic of China

The administrative penalty decision is to impose a fine of 300000 yuan

Name of the authority making the punishment decision: Yunnan regulatory bureau of China Banking and Insurance Regulatory Commission

Date of punishment decision: December 22, 2021

(Xinhua Finance)

 

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