Original title: 26 tickets a day!
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Seven banking and insurance institutions in Ningbo were fined, and banks planning to IPO were fined 7.8 million
The end of the year is coming soon, and the strict supervision of strong supervision will not decrease.
A few days ago, the Ningbo Banking and Insurance Regulatory Bureau issued 26 fines in one day, involving 7 banking and insurance institutions, punishing 18 relevant responsible persons, and confiscating a total of 16.7 million yuan.
Among them, Ningbo Commercial Bank, which completed listing counseling and filing not long ago, was fined a total of 7.8 million yuan for 15 reasons; Ningbo Yongcheng Rural Commercial Bank was also fined 4.4 million yuan for 6 reasons.
On the whole, the violations of laws and regulations mainly involved by these institutions include, in addition to imprudent credit management, case prevention management, and non-performing loan management, they also include chaos in interbank business, wealth management business, and management and control of cooperative institutions.
Seven banking and insurance institutions were fined
According to the disclosure, the Ningbo Banking and Insurance Regulatory Bureau issued the aforementioned 26 fines on December 12, involving ICBC Ningbo Branch, Postal Savings Bank Ningbo Branch, China Everbright Bank Ningbo Branch, Ningbo Commercial Bank, Linshang Bank Ningbo Branch, Ningbo Yongcheng Rural Commercial Bank and Huatai Property & Casualty Insurance Ningbo Branch 7 institutions.
Among them, the Ningbo Branch of ICBC was fined 2 million yuan due to imprudent credit management of group customers, and 4 persons in charge of direct management were given warnings and punishments; the Ningbo Branch of Postal Savings Bank was fined 500,000 yuan for insufficient case prevention management, and 3 A responsible person was warned.
The Ningbo Branch of China Everbright Bank was fined 700,000 yuan for its careless “three inspections” of loans and the management of non-performing loans; the Ningbo branch of Linshang Bank also received a fine of 400,000 yuan for its careless “three inspections” of loans.
Huatai Property & Casualty Insurance Ningbo Branch is the only insurance institution that has been punished this time.
The company was fined 680,000 yuan for preparing false reports and statement documents and materials, as well as fabricating insurance intermediary business fees, and cross-provincial underwriting of vehicles in different places. The two responsible persons were not only warned, but also fined 50,000 yuan ,100,000 yuan.
Ningbo Yongcheng Rural Commercial Bank involved weak internal control management, random adjustment of loan loss reserves, failure to write off non-performing loans in a timely manner, failure to strictly implement regulatory requirements, lack of control over automobile installment business cooperation agencies, and lack of prudence in customer and business access. The behavior received a large fine of 4.4 million yuan. Four middle and high-level executives of the bank, including chairman Li Youzeng, were warned for being directly responsible for the relevant violations of laws and regulations. Li Youzeng himself was fined 70,000 yuan.
According to the third quarterly report, as of the end of September 2022, Ningbo Yongcheng Rural Commercial Bank’s asset scale was about 44.3 billion yuan, of which the non-performing loan ratio was 0.97%, an increase of 0.09 percentage points from the beginning of the year; the provision coverage ratio was about 261.2%, a decrease of 25.5% from the beginning of the year percent.
The bank to be listed received a fine of 7.8 million yuan
Among the aforementioned 7 punished institutions, Ningbo Commercial Bank, a local legal person bank, was fined the most, amounting to 7.8 million yuan in total.
Among them, the post-investment management of interbank investment is not in place, the management of related party transactions is not standardized, interbank deposits are included in general deposits, some investment ratios of net worth wealth management products are not in compliance, the valuation methods of net worth wealth management products are inaccurate, and net worth wealth management products The bank was fined 4.2 million yuan for failing to disclose product information.
At the same time, due to the incomplete list of related parties, non-compliance of performance compensation management, capital exchanges between employees and credit customers under their names, failure to reasonably share the mortgage property insurance costs of small and micro enterprises, and the inclusion of interbank deposits in general deposits, market risk management Ningbo Commercial Bank was fined another 3.6 million yuan due to lack of prudence, inadequate credit risk management, lack of due diligence in the "three checks" of credit granting, imperfect identification mechanism for remote customers of Internet loans, and lack of data governance.
In addition to the two fines received by the legal entity of the bank, five employees of Ningbo Commercial Bank who were directly responsible for the management and handling of relevant violations of laws and regulations were also given warnings and punishments.
It is understood that Ningbo Commercial Bank was established in 2012. It is the first local corporate bank of mixed ownership in China that is successfully restructured from a foreign bank, led by the government, privately operated, market-oriented, and directly managed by finance.
As of the end of September this year, the bank's asset scale was close to 140 billion yuan, and the bank's "non-performing + special attention" loans accounted for about 1.33%, and the asset quality was relatively good.
In addition, at the beginning of 2015, the bank's capital operation center opened for operation in Shanghai, which is also the first city commercial bank branch-level capital business exclusive institution established in Shanghai.
It is worth mentioning that the bank also clearly stated in its 2021 annual report, "It has completed the net value transformation of all wealth management products ahead of schedule at the end of September 2021. Running smoothly".
Up to now, the registered capital of Ningbo Commercial Bank is 5.22 billion yuan.
Among them, the listed company Ningbo Port holds 20% of the shares, ranking the largest shareholder of the bank; Ningbo Asia Paper Tube and Carton Co., Ltd., a subsidiary of the Indonesian Jinguang Group, holds 17% of the shares and is the second largest shareholder; Blum Oriental and Samsung Medical The listed company holds 9.4% and 9% of the shares respectively, and is the third and fourth largest shareholder of the bank.
According to information on the official website of the China Securities Regulatory Commission, Ningbo Commercial Bank has completed IPO counseling and filing at the local Securities Regulatory Bureau in late October, and received CICC’s listing counseling.
Prior to this, the bank has been selected into the list of companies to be listed in the 2022 Ningbo City Enterprises to be Listed Cultivation Pool disclosed by the Ningbo Local Financial Supervision Bureau.
(Brokers China)