Zhongyuan Bank Co., Ltd. controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Nanyang Branch Fined RMB 600,000 for Staff Illegally Borrowing Client Funds and Other Violations
In May 2025, the Nanyang Branch of Zhongyuan Bank was fined RMB 600,000 for staff illegally borrowing client funds, lending to clients, and inadequate underwriting that led to fraudulent guarantees.
2023
Anyang Tieyi Road Sub-branch Fined RMB 2.15 Million for Loan Three-Check Failures and Senior Executive Qualification Violations
In 2023, the Anyang Tieyi Road Sub-branch of Zhongyuan Bank was fined RMB 2.15 million for inadequate loan three-check procedures and for having someone perform senior executive duties without approval; relevant personnel were warned. The branch was formerly the Anyang Branch of the merged Bank of Luoyang.
2023
Luohe Branch Fined RMB 430,000 for Failure to Identify Clients as Required
In March 2023, the People's Bank of China Luohe Central Sub-branch fined the Luohe Branch of Zhongyuan Bank RMB 430,000 for failing to conduct ongoing customer due diligence and failing to re-identify customers.
2020
Anyang Branch Wealth Manager Stole Client Funds; Institution and Management Penalized
In 2020, the Anyang Branch of Zhongyuan Bank was fined RMB 400,000 after a wealth manager stole client funds; the manager was banned from the industry for life, and branch management was also penalized for supervisory responsibility.