Taiyuan Rural Commercial Bank Co., Ltd. was fined 600000 yuan for illegal issuance of entrusted loans due to its failure in loan review

Taiyuan Rural Commercial Bank Co., Ltd. was fined 600000 yuan for illegal issuance of entrusted loans due to its failure in loan review

Xiaocaifeng AI News 5 On October 14, the punishment information disclosed on the official website of the State Financial Supervision and Administration Bureau showed that Taiyuan Rural Commercial Bank Co., Ltd. was fined 600000 yuan by the Shanxi Supervision and Administration Bureau of the State Financial Supervision and Administration Bureau due to the failure of due diligence in loan review and the illegal issuance of entrusted loans. The basis for administrative punishment is: Articles 21 and 46 of the Banking Supervision Law of the People's Republic of China and the relevant prudential operation rules.

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