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Involved in the "four crimes" of concealing non-performing loans, the Xing'an branch of the Agricultural Bank of China was fined 400,000 yuan

author:AI Finance and Economics

On November 12, a public form of administrative penalty information disclosed on the official website of the China Banking and Insurance Regulatory Commission showed that the Xing'an Branch of the Agricultural Bank of China Co., Ltd. was fined 400,000 yuan for untrue sources of down payment for real estate mortgage loans, poor implementation of the "three checks" system for loans, illegal withdrawal of security deposits and formation of off-the-books assets, and concealment of non-performing loans.

Involved in the "four crimes" of concealing non-performing loans, the Xing'an branch of the Agricultural Bank of China was fined 400,000 yuan

In addition, another administrative punishment information disclosure form shows that Zhang Guanying, as the direct person in charge of the above problems, was warned and punished by the Xing'an Banking and Insurance Regulatory Bureau. (text| AI Finance & Economics Summer)

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