Xiamen International Bank controversies

New employee who refused to drink a toast was insulted and slapped; bank disciplined those involved

In August 2020, an employee at Xiamen International Bank's Beijing Zhongguancun Sub-branch complained of being insulted and hit by a supervisor for not drinking a toast. The Beijing branch verified the verbal and physical misconduct and suspended the responsible person pending investigation; the China Banking Association later criticized the penalty as too lenient.

Beijing branch fined 3.5 million yuan for credit and confirmation-letter violations

In December 2020, Xiamen International Bank's Beijing branch was ordered to rectify and fined 3.5 million yuan for seriously violating prudential rules in credit business, issuing confirmation-letter replies inconsistent with the facts, and internal-control deficiencies.

Beijing branch fined 3.475 million yuan for unauthorized credit checks and other violations

In June 2020, the PBOC Operations Management Department issued a warning and fined Xiamen International Bank's Beijing branch 3.475 million yuan for illegal acts including unauthorized credit inquiries. This case is separate from the December confirmation-letter case.

Xiamen International Bank responds to employee assault allegation

Company response

In August 2020, Xiamen International Bank responded to an allegation involving a new employee. According to the bank's statement, the claim that the new employee was verbally abused and slapped after declining a toast was true, and the bank said the responsible person would be punished. The bank's response addressed the incident as described in the allegation and indicated that disciplinary action would follow for those responsible.

Xiamen International Bank said an allegation that a new employee was verbally abused and slapped after declining a toast was true, and that the responsible person would be punished.