Hangzhou Xiaoshan sub branch of Mintai bank was punished, and the former president once lent more than 200 million yuan in violation of regulations

category:Finance
 Hangzhou Xiaoshan sub branch of Mintai bank was punished, and the former president once lent more than 200 million yuan in violation of regulations


The former sub branch president was punished for illegal lending

According to a criminal judgment issued by the peoples Court of Xiaoshan District of Hangzhou on August 26, from the beginning of 2012 to 2015, Yang (sentenced) conspired with Shen, then president of Xiaoshan branch of Zhejiang Mintai Commercial Bank Co., Ltd., and Xie, then general manager, assistant president and vice president of Xiaoshan branch of Mintai Bank (sentenced), who was himself or herself The introducer contacted several units or individuals to borrow famous loans from Xiaoshan branch of Mintai bank, and the total amount of loans defrauded reached 238.7 million yuan.

According to the information on the official website of Mintai bank, when Xiaoshan sub branch opened, its president was Shen Xinjun. According to qixinbao information, the legal representative (person in charge) of Xiaoshan branch of Mintai bank was changed from Shen Xinjun to Zhang Huaan on June 6, 2016.

However, Guoli branch of Mintai bank also had borrowing loans from 2013 to 2016.

According to the judgment issued by the peoples Court of Xiaoshan District of Hangzhou on May 10 this year, from October 2013 to February 2016, Ni Mou, vice president of Guali branch of Mintai bank, instructed the banks staff to illegally issue loans to Lu Mou, Zhao Mou and others who did not meet the corresponding loan conditions. During the period, as the risk manager of the bank, Shen Dan, the defendant, failed to perform his duty of examination on 118 loans involving in illegal issuance of 52.9 million yuan in total, and the actual loss totaled more than 10.1 million yuan.

Shen Dan, the defendant, confessed that when examining the loan involved in the case, he knew that the lenders loan reason and investigation report were false, which were all forged by the credit officer according to the branchs template, knowing that the loans did not meet the requirements, and later suspected that the loans were fake loans, and he also reported to Ni, the president, and Hangzhou branch, but Ni said it was ok, so he asked for approval. Hangzhou Branch The bank didnt respond either, so it approved the loan involved.

Ni Mou, vice president, admitted in the statement that Shen Dan was the risk manager at that time, and knew that there was a problem with the loan involved in the case during the audit, because he was the president. As long as he agreed, the loan officer and risk manager Shen Dan would follow his will. None of the loan involved in the case investigated the borrower, and the approval process also took the form.

In the first trial of the court, Shen Dan, the defendant, was sentenced to two years and six months imprisonment, three years probation and 70000 yuan as punishment for the crime of illegally granting loans. Ni has also decided another case.

Decline of capital adequacy ratio of Mintai bank

To some extent, the two cases exposed the lack of internal control of Mintai bank. The reporter noted that the non-performing loan ratio of Mintai bank increased significantly in 2018, and then gradually decreased to 1.95% at the end of the third quarter of 2019. At the end of 2018, the non-performing loan ratio of the bank reached 2.41%, 1.57% at the end of 2017 and 1.52% at the end of 2016. Meanwhile, in 2018, the provision coverage of Mintai bank decreased to 118.73%, 57.22 percentage points lower than that in 2017. At the end of the first, second and third quarters of this year, the NPL ratio of Mintai bank was 2.44%, 1.91% and 1.95% respectively.

At the same time, the capital adequacy ratio of Mintai bank is gradually declining. At the end of September 2019, the capital adequacy ratio, Tier-1 capital adequacy ratio and core Tier-1 capital adequacy ratio of Mintai bank were 11.15%, 9.1% and 9.1% respectively. At the end of 2018, they were 11.63%, 9.78% and 9.75% respectively. At the end of 2017, they were 12.83%, 10.14% and 10.12% respectively.

According to the information on the official website of Mintai bank, the banks predecessor was Wenling City Credit Union founded in May 1988, and it was officially transformed into a city commercial bank in 2006. It is a specialized bank specialized in small and micro financial services. By the end of September 2019, the total assets of Mintai bank were 133.852 billion yuan, with a net profit of 517 million yuan in the first three quarters of this year.

Source: editor in charge of daily economic news: Yang bin_nf4368