Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Huai'an Branch Fined and Confiscated for Inflating Deposits and Loans and Violations in Post-Loan Management
In June 2024, the Huai'an Branch of Bank of Nanjing was confiscated of illegal gains and fined 2.65 million yuan for lax review of bill backgrounds, loans not used for agreed purposes, and inflating the scale of deposits and loans.
2023
Bank of Nanjing Fined for Foreign Exchange Business Review and Reporting Violations
The Jiangsu branch of the State Administration of Foreign Exchange determined that Bank of Nanjing, when handling current account fund receipts and payments, failed to reasonably review the consistency between transaction documents and foreign exchange receipts and payments, and also had violations in data reporting and foreign exchange registration management. It was given a warning and RMB 600,000 in fines and confiscations. Progress: SAFE administrative penalty disclosure. Entity involved: Bank of Nanjing Co., Ltd.
2022
Analyst Penalized by Police for Spreading False Information About Bank of Nanjing
In July 2022, Fu, an analyst at Western Securities, spread false information related to Bank of Nanjing. Bank of Nanjing clarified the matter and reported it to the police, and the police imposed a public security penalty. The bank's entry records the reputational controversy and its refutation, while the Western Securities entry is linked to the employee's conduct.
2020
Fined 7.36 Million Yuan for Violations in Accounts, Anti-Money Laundering, and Fund Management
At the end of 2020, the Nanjing Branch of the People's Bank of China issued a warning, fined Bank of Nanjing 7.36 million yuan, and confiscated illegal gains for violations in account management, anti-money laundering, and fund management. The mention of money laundering in media headlines is not directly treated as a criminal conviction.
2020
Bank of Nanjing Receives 21 Fines Totaling Over RMB 14 Million in Two Days
In June 2020, Bank of Nanjing and its branches received 21 fines within two days, totaling more than RMB 14 million. The head office and two branches were fined RMB 7 million for 16 violations, involving illegal credit funds and bill business violations, and three branch presidents were punished. In 2024, the Huai'an branch was again fined RMB 2.65 million for inflating deposit and loan scale and other issues. Rectification and accountability followed.
2019
Nanjing Bank Asset Management 'Golden Flower' Dai Juan and Other Executives Taken by Discipline Commission to Assist Investigation
In February 2019, Dai Juan, general manager of Nanjing Bank's Asset Management Center, Dong Wenzhao, deputy general manager of its Capital Operation Center, and Li Yan, deputy general manager of Xinyuan Fund, were taken by the Nanjing Municipal Discipline Inspection Commission to assist in an investigation, shaking the market. Nanjing Bank said the matter was due to personal reasons and did not involve current business. The bank's operations remained stable.