On January 19, Zhoushan branch of China Banking and Insurance Regulatory Commission issued a ticket stating that Bank Of Hangzhou Co.Ltd(600926) Zhoushan branch was punished for three violations.
Specifically, the three violations include: improper management of personal loans and misappropriation of credit funds for house purchase; The management of personal loans is not prudent, and the credit funds are not used according to the agreed purpose; Transfer insurance premiums to customers in violation of regulations.
In accordance with item (5) of Article 46 of the banking regulatory law of the people’s Republic of China and items (4) and (2) of paragraph 1 of Article 73 of the commercial bank law of the people’s Republic of China, Zhoushan regulatory branch of the CBRC imposed a fine of 850000 yuan on the branch.
It is worth noting that Bank Of Hangzhou Co.Ltd(600926) has been punished for misappropriating personal business loans and consumer loans for house purchase. On May 24, 2021, Zhejiang regulatory bureau of China Banking and Insurance Regulatory Commission published an administrative punishment table, which pointed out that Bank Of Hangzhou Co.Ltd(600926) was fined 2.5 million yuan for six violations.
The causes of punishment are mainly related to the illegal inflow of loan funds into the housing market. First, the real estate project financing business is not prudent; Second, the management of working capital loans is not prudent, and the funds are misappropriated to pay land transfer fees; Third, the credit extension is not prudent and is over invested; Fourth, the management of financial funds is not prudent, and the return borrower’s parent company is used to pay the land transfer deposit; Fifth, the management of personal business loans is not prudent, and the funds are used for house purchase; Sixth, the management of personal consumer loans is not prudent, and the funds are diverted to house purchase.
In addition, in the same month, Ningbo banking and Insurance Regulatory Bureau issued an administrative penalty, pointing out that Bank Of Hangzhou Co.Ltd(600926) Ningbo Branch imposed a fine of 2.2 million yuan on it for seven causes of action, including serious imprudence in credit review and approval, collection and use of credit funds, misappropriation of loan funds, violation of macro-control policies, failure to exercise due diligence in the review of entrusted loan fund sources The employees have abnormal capital transactions with credit customers, and the off-site supervision statistics are inconsistent with the facts.
Tianyancha information shows that Bank Of Hangzhou Co.Ltd(600926) was formerly Hangzhou City cooperative bank; On April 7, 1998, with the approval of the people’s Bank of China, the name of the bank was changed from Hangzhou City cooperative bank to Hangzhou Commercial Bank Co., Ltd. In July 2008, “Hangzhou Commercial Bank Co., Ltd.” was renamed ” Bank Of Hangzhou Co.Ltd(600926) “. In October 2016, Bank Of Hangzhou Co.Ltd(600926) was listed on a shares.
The top five shareholders of the bank are Commonwealth Bank of Australia, Hangzhou Finance Bureau, Red Lion Holding Group Co., Ltd., Hangzhou caikai Investment Group Co., Ltd. and Hangzhou Steam Turbine Co., Ltd., with shareholding ratios of 15.57%, 11.86%, 11.81%, 6.88% and 4.58% respectively.
According to the third quarterly report of Bank Of Hangzhou Co.Ltd(600926) 2021, as of the end of September 2021, Bank Of Hangzhou Co.Ltd(600926) total assets were 1330.031 billion yuan. In the first three quarters of 2021, Bank Of Hangzhou Co.Ltd(600926) operating revenue was 22.377 billion yuan, an increase of 19.97% over the same period of last year; The net profit attributable to shareholders of the company was 7.036 billion yuan, an increase of 26.16% over the same period of last year.
