Bank Of Ningbo Co.Ltd(002142) fined 2.7 million yuan for lax control over the use of funds

According to the website of the China Banking and Insurance Regulatory Commission, according to the administrative penalty information disclosure form released by Ningbo banking and Insurance Regulatory Bureau, on April 21, Bank Of Ningbo Co.Ltd(002142) was fined 2.7 million yuan for inadequate salary management, nonstandard management of related party transactions, inadequate implementation of green credit policies, careless credit management, lax control of capital use, inaccurate classification of loan risks, lax control of bill business and errors in off-site statistics.