Jiangsu Bank Yancheng Branch fined 800,000 yuan for inadequate "three checks" in loan procedures and other violations

NightAirdropper · 2026-04-01T23:09:56+00:00

The Yancheng Supervision Branch of the National Financial Regulatory Administration fined Jiangsu Bank Yancheng Branch and its responsible persons for violations such as misappropriation of bill discounting funds and inadequate "three checks" on loans, with a total fine of 800,000 yuan and warnings and fines for the relevant responsible persons.

NightAirdropper

2026-04-01 23:09:56

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Blue Whale News, April 1—Recently, the Yancheng Regulatory Branch of the National Financial Regulatory Administration issued a penalty notice, targeting Jiangsu Bank Co., Ltd.’s Yancheng Sub-branch and the relevant responsible parties.

The penalty notice shows that the main illegal and non-compliant facts (case basis) of Jiangsu Bank Co., Ltd.’s Yancheng Sub-branch are: bill discount funds were misappropriated for bank draft guarantee deposits, and the “three checks” for loans were not carried out properly.

In relation to the above illegal and non-compliant conduct, the Yancheng Regulatory Branch of the National Financial Regulatory Administration imposed a fine of 800,000 yuan on it; issued a warning and imposed a fine of 50,000 yuan on Wang Lin, president of Jiangsu Bank’s Dafeng Sub-branch; and issued a warning and imposed a fine of 50,000 yuan on Dai Qiming, president of Jiangsu Bank’s Sheyang Sub-branch.

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