Jan 28, 2022 08:30 PM (GMT+8) · EqualOcean
Qingnong commercial bank announced that recently, the company received the decision on administrative punishment from Qingdao regulatory bureau of China Banking and Insurance Regulatory Commission, which made inaccurate five-level classification of the bank's loans, inadequate risk control after investment business, ineffective control of employee behavior, issuance of bank acceptance bills for loan to margin, lack of effectiveness of data governance, misappropriation of liquidity loans, serious imprudence in real estate loan management A total of 44.1 million yuan was fined for the inflow of credit card overdraft funds into non consumer areas.