Due to the incomparable management of the loan, the loan funds were misappropriated, and the Merchants Bank Wuhan Branch was fined 2.85 million yuan

【Source: China Economic Network】

On August 8th, the public information on the administrative punishment information of the China Banking Regulatory Commission Hubei Banking Regulatory Bureau showed that the Wuhan Branch of China Merchants Bank Co., Ltd. due to incomparable post loan management, loan funds were misappropriated, etc.10,000 yuan.

The facts of the specific violations of laws and regulations are as follows:

1. Violation approval for mobile capital loans for fixed asset investment projects;

2. The loan entrustment is not paid in time;

Third, pre -loan investigation does not form due to due diligence;

Fourth, illegal issuance loans are used to repay bank acceptance bill mats;

5. Unpleasant post -loan management, loan funds are misappropriated;

6. Credit assets are not true and clean;

Seven, illegal financial management funds are used in disguise to replace land transfer funds;

8. The domestic credit certificate will be resold the business counter -time order operation;

Nine, illegally provide financing to real estate projects through factoring business.

In addition, Ye Yan and Xie Chen of the relevant responsible responsible were warned.

(Source: Sina Finance, China Economic Network)

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