Core Viewpoint - Hengfeng Bank's Chongqing branch has been fined 2.6 million yuan for concealing non-performing loans and other violations, marking a total of over 17 million yuan in penalties this year alone, highlighting ongoing governance challenges as the bank undergoes leadership changes [2][5][6]. Regulatory Penalties - The Chongqing branch was penalized for three main violations: concealing non-performing loans, inadequate investment management, and failure to conduct thorough loan checks, resulting in a total fine of 2.6 million yuan [2][4]. - This is not the first penalty for the Chongqing branch; it faced a fine of 1.8 million yuan in August 2023 for issues related to credit management and loan checks from 2013-2014 [4][6]. Historical Context - The violations primarily stem from practices before the bank's market-oriented reforms initiated around 2019, indicating a legacy of poor management practices that have led to accumulated issues [3][4]. - Hengfeng Bank has been under scrutiny for multiple infractions this year, with a total of 17.56 million yuan in fines across various branches, reflecting systemic compliance challenges [6][8]. Leadership Changes - The bank recently appointed a new president, Bai Yushi, after a nearly three-year vacancy following the departure of the previous president, Wang Xifeng, in August 2022 [8].
恒丰银行再现大额罚单,因贷款等问题被罚260万元
Nan Fang Du Shi Bao·2025-08-25 10:03