Based on the penalty information publicly announced 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. Financial regulatory authorities mainly include the People's Bank of China and its branches, the State Administration of Financial Supervision and its dispatched agencies, the State Administration of Foreign Exchange and its branches, the Central Bank and its branches, etc.
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.
Three large fines were received for multiple credit violations and failure to identify customers
Bread Finance combed through public information and found that in the first quarter of 2024, PSBC had three large fines of more than one million, two of which came from the Zhejiang Supervision Bureau and Yangzhou Supervision Branch of the State Administration of Financial Supervision of China, and the other from the Jiangsu Branch of the People's Bank of China.
According to public information, on January 9, 2024, the Zhejiang Branch of the Postal Savings Bank was arrested for "imprudent management of personal business 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) Insufficient disclosure of major negative information; working capital loans are misappropriated into the stock market; working capital loans are misappropriated for trusts and other investments; enterprise classification management is not in place, and the statistical data on loans to small and micro enterprises are not true; housing mortgage loan funds are not directly paid to the pre-sale fund supervision account; employees have abnormal capital transactions with credit customers; employees keep relevant important documents in violation of regulations; deposit business management is not in place; agency sales agencies are acting as agents in violation of regulations; loans are tied up; bills without real trade background are discounted; and on-site inspections are not cooperatedHe was fined 6.45 million yuan by the Zhejiang Supervision Bureau of the State Administration of Financial Supervision and Administration.
At the same time, Bao Jie, then deputy general manager of the Zhejiang Branch/Consumer Credit Department of the Sannong Financial Division of the Zhejiang Branch of the Zhejiang Branch of the Postal Savings Bank of China Co., Ltd., and deputy general manager (presiding over the work) of the Zhejiang Branch of the Sannong Financial Division, was given a warning.
On January 8, 2024, the Yangzhou Branch of Postal Savings Bank of China Co., Ltd. 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".
On January 19, the Nantong branch of the Postal Savings Bank of China Co., Ltd. was fined 1.07 million yuan by the Jiangsu branch of the People's Bank of China for "failing to perform customer identification obligations in accordance with regulations."
Sun and Yang, then general managers of the legal and compliance department of the Nantong branch of the Postal Savings Bank of China Co., Ltd., were fined 10,000 yuan and 25,000 yuan respectively.
(Article Serial Number: 1780487740010401792)
Disclaimer: This article does not constitute any investment advice to anyone. Intellectual Property Rights Statement: The intellectual property rights of Bread Finance works are owned by Shanghai Miaotan Network Technology Co., Ltd.