Brief: Bank of Tianjin updates on business of bills under resale agreement
22/04/2016 09:24
April 22 (Reuters) - Bank of Tianjin Co Ltd 1578.HK : * On April 6, the bank did not receive due payment in full in accordance with the terms in such agreement * Incident is related to transaction of bills held under resale agreement that bank entered into with another commercial bank * As of date of announcement, investigation on incident and relevant personnel involved into incident was still in process * "Bank has also initiated litigation against such commercial bank to protect the bank's interests" * Says bank has reported to the police and relevant regulatory authorities immediately after noticing the incident Source text for Eikon ID:nHKS8V8yk6 ((For more news, please click here 1578.HK )) ((Bengaluru Newsroom; +91 806749 1130))
Recent news on Bank of Tianjin Co
See all newsBrief: Bank Of Tianjin Logs FY Profit Attributable RMB3.87 Bln
Brief: Bank Of Tianjin Announces Completion Of Issuance Of Financial Bonds
Brief: Bank Of Tianjin Resolved To Reelect Yu Jianzhong As Chairman Of Board
Brief: Bank Of Tianjin Posts FY Operating Income Of RMB 16,710 Million
Brief: Bank Of Tianjin Announces Approval Of Qualification Of Chen Peng As Vice President