Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Bank of Shanghai fined and confiscated about 16.52 million yuan over 23 business violations
In 2020, the Shanghai Banking and Insurance Regulatory Bureau determined that Bank of Shanghai had committed 23 violations from 2014 to 2019, including illegally granting real estate development loans. It ordered correction, imposed a fine of 16.25 million yuan and confiscated illegal gains of about 271,600 yuan, for a total fine and confiscation of about 16.5216 million yuan.
2020
Bank of Shanghai controversy note: response to Baoneng lending allegations
Company response
In January 2020, Bank of Shanghai responded to a report alleging improper lending to Baoneng Group. The bank stated that its credit business with Baoneng Group had gone through the required approval process. It denied that the lending was illegal or improper. The response addressed the allegations raised in the report concerning the bank's lending to Baoneng Group.
Shanghai Bank said its credit business with Baoneng Group had gone through the required approval process and denied that the lending was illegal or improper, responding to a report alleging improper lending.
Company response
Clarification — 上海银行
1月12日晚，上海银行发布澄清公告，称向宝能集团所有授信业务均按本公司审批授权规定全流程审批，相关授信不属于副行长审批权限，且不存在违法违规放贷行为。
Source excerpt
1月12日晚，上海银行发布澄清公告，称向宝能集团所有授信业务均按本公司审批授权规定全流程审批，相关授信不属于副行长审批权限，且不存在违法违规放贷行为。
原标题：副行长被举报违规向宝能放贷265亿 上海银行回应授信不违规还挽救了系统性风险
关于昨日有客户通过微博反映在我行一网点遇到服务质量相关的问题，我行第一时间通过调阅监控录像、询问相关人员等方式进行了核查。
2020
Shanghai Bank fined over regulatory violations
Fine or penalty
The Shanghai Banking and Insurance Regulatory Bureau fined Shanghai Bank RMB 16.25 million and confiscated about RMB 270,000 in illegal gains over 23 issues, including real-estate lending violations from 2014 to 2019. Two responsible employees were also warned.
Source excerpt
上海银行因在2014年至2019年间存在房地产贷款违规等23项问题，而被处以罚款1625万元，同时没收违法所得约27万元。该行两名相关责任人也被予以警告。