The first Hainan Development Bank failed due to the financial crisis 1998, and it was also the first bank in the history of New China to declare bankruptcy. The second rural credit cooperative in Shangcun, Suning, Hebei Province declared bankruptcy on 20 12 due to insolvency. On June 23rd, 2020, the third contractor bank 165438+ China Banking Regulatory Commission approved the contractor bank to go through bankruptcy procedures.
As a financial institution engaged in monetary and credit business, although it is possible to go bankrupt, the policy has set up the China Banking Regulatory Commission to protect the interests of depositors to the greatest extent. Once the bank has problems, the CBRC will ask it to rectify and try to help it get back on track. If the problem cannot be solved after rectification, the CBRC will also take measures such as supervision and rectification. Only when these efforts fail will banks be allowed to file for bankruptcy.
Bank bankruptcy liquidation compensation process
1. After the bankruptcy of the bank, the liquidation department of the relevant government is required to carry out relevant liquidation of the bank. Generally speaking, this kind of liquidation needs professionals, and banks also need to pay related fees. This amount belongs to the total cost of the clearing house.
2. After paying the bankruptcy expenses, the bank shall give priority to paying the wages and labor insurance fees owed to the employees.
3. After the above-mentioned part is liquidated, the principal and interest of personal savings deposits of the liquidation bank shall be paid first by the state tax and unit deposits.
4. If the bank needs to pay the bankruptcy creditor's rights, it shall report to the people's court for execution after the relevant liquidation group puts forward the bankruptcy distribution plan.