Based on the penalty information publicly notified by the relevant regulatory authorities, Bread Finance conducted a statistical analysis of the violation penalty data of state-owned banks in the first quarter of 2024, and looked at the compliance of state-owned banks from the perspectives of the number of fines and the amount of fines. The financial regulatory authorities mainly include the State Administration of Financial Supervision and its dispatched agencies, the central bank and its branches, etc.
In the first quarter of 2024, among the 131 fines statistically combed, 5 large fines of 2 million yuan or more were involved. Among them, the Postal Savings Bank was fined the first single fine, with 6.45 million yuan. Bank of China and Bank of Communications have received large fines of more than 2 million yuan.
The number of fines in the first quarter of 2024 exceeded 100
According to the penalty information publicly notified by the relevant regulatory authorities, according to the statistics of the penalty announcement date, in the first quarter of 2024, the number of important fines issued by the financial regulatory authorities involving state-owned banks and their branches and with institutions as the punishment targets was 131, involving a total amount of more than 70 million yuan.
From the perspective of individual institutions, in the first quarter of 2024, the Postal Savings Bank was fined and confiscated 17.237 million yuan, ranking first among state-owned banks, while Bank of China and Agricultural Bank of China ranked second and third respectively. Among the six state-owned banks, four received more than 20 fines in the first quarter, of which the Postal Savings Bank ranked first in the number of fines.
In addition, among the 131 fines combed by statistics, 5 large fines of 2 million yuan or more were involved. Among them, the Postal Savings Bank was fined the first single fine, with 6.45 million yuan. Bank of China and Bank of Communications have received large fines of more than 2 million yuan.
Postal Savings Bank: Collected a large fine of 6.45 million yuan
According to the statistics of the information notified by the regulatory authorities, in the first quarter of 2024, there were 32 fines involving the Postal Savings Bank and its branches, with a total amount of 17.237 million yuan, of which 1 single large fine with a penalty amount of 6.45 million yuan was involved.
On January 9, 2024, the Zhejiang Branch of the Postal Savings Bank of China (PSBC) was arrested for "imprudent management of personal operating loans, failure to discover the cancellation of business entities in a timely manner, issuance of personal business loans to civil servants, illegal misappropriation of personal loan funds into the stock market, illegal misappropriation of personal loan funds into the housing market, return of funds to shareholders to substantially replace land acquisition costs, failure to issue real estate development loans according to the progress of the project, and "three checks" on loans. Failure to do so, insufficient disclosure of major negative information, misappropriation of working capital loans into the stock market, misappropriation of working capital loans for trusts and other investments, inadequate management of enterprise planning, untrue statistics on loans to small and micro enterprises, failure to directly pay housing mortgage loan funds to the pre-sale fund supervision account, and other violations of laws and regulations", was fined 6.45 million yuan by the Zhejiang Supervision Bureau of the State Financial Supervision and Administration Bureau.
On January 8, 2024, the Yangzhou Branch of the Postal Savings Bank of China was fined 1.1 million yuan by the Yangzhou Supervision Branch of the State Financial Supervision and Administration for "illegally passing on operating costs to enterprises, failing to manage employee behavior, untruthful trade background of bill discounting business, and failing to control the use of loan funds".
Bank of China: Fined 4.3 million yuan for violations involving incomplete identification of some important information systems
In the first quarter of 2024, there were 23 fines involving Bank of China and its branches, with a total amount of 13.8319 million yuan, of which 1 single large fine with a penalty amount of 4.3 million yuan was involved.
On January 5, 2024, Bank of China was convicted of "incomplete identification of some important information systems, disaster recovery construction and disaster recovery capabilities that do not meet regulatory requirements, failure to report to the regulatory authorities on the commissioning and change of important information systems, and long-term non-standard production and change of important information systems, failure to identify operational risks of information systems, The State Administration of Financial Supervision and Administration imposed a fine of 4.3 million yuan on nine violations of laws and regulations, including the failure to implement the rectification of regulatory opinions and the failure to implement major emergencies in important information systems.
Bank of Communications: Fined 2.606 million yuan for violating account management regulations and other violations
In the first quarter of 2024, there were 20 fines involving Bank of Communications and its branches, with a total amount of 13.452 million yuan, of which 1 single large fine with a penalty amount of 2.606 million yuan was involved.
On February 4, 2024, the Hubei branch of the Bank of Communications was warned and fined 2.606 million yuan by the Hubei branch of the People's Bank of China for "violating account management regulations; violating RMB anti-counterfeiting and RMB circulation management regulations; violating treasury management regulations; failing to perform customer identification obligations as required; and conducting transactions with unidentified customers".
(Article Serial Number: 1778308983019409408)
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