For violations including inadequate management of fixed asset loans, Xiamen Bank's Sanming Branch was fined 1.9 million yuan.

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On March 16, the Sanming Supervision Bureau of the National Financial Regulatory Administration disclosed administrative penalty information showing that Xiamen Bank Co., Ltd. Sanming Branch was fined 1.9 million yuan for the following major violations: inadequate management of fixed asset loans; inadequate management of working capital loans; inadequate management of personal housing mortgage loans; and inadequate management of personal auto consumption guarantee insurance loan business. The responsible individual, Lin Qing, was given a warning.

(National Financial Regulatory Administration)

(Editor: Qian Xiaorui)

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