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The Honghe Branch of Guangfa Bank was fined 300,000 yuan for attaching unreasonable loan conditions and increasing the burden on enterprises

author:CNR

Beijing, December 15 news A few days ago, the administrative punishment information of the Honghe Supervision Branch of the China Banking and Insurance Regulatory Commission showed that the Honghe branch of Guangfa Bank Co., Ltd. had violated laws and regulations by "attaching unreasonable loan conditions and increasing the burden on enterprises". According to the Honghe Supervision Sub-bureau, in accordance with Article 46 (5) of the Banking Supervision and Administration Law of the People's Republic of China, the Honghe Branch of Guangfa Bank Co., Ltd. was fined RMB300,000.

The Honghe Branch of Guangfa Bank was fined 300,000 yuan for attaching unreasonable loan conditions and increasing the burden on enterprises

(The picture is from the official website of the China Banking and Insurance Regulatory Commission)

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