Bank of Ningbo's Shanghai Branch Fined 1.8 Million Yuan for Lending Violations

Deep News07-22

The Shanghai office of the National Financial Regulatory Administration has issued a penalty notice against Bank Of Ningbo Co.,Ltd.'s Shanghai branch.

The branch was fined 1.8 million yuan for serious violations of prudent operating rules in both post-loan management and pre-loan investigations.

Additionally, several individuals from various sub-branches of the Shanghai operation received warnings for their roles in the serious violations of prudent operating rules related to post-loan management.

Those warned include former deputy general managers of personal credit and wealth management departments, a former deputy branch manager, a former retail corporate department general manager, and a former branch assistant president.

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