CNAE Brazil 6422-1/00—Multiple banks, with a commercial portfolio

Where 6422-1/00 sits

1. K Financial, insurance and related services activities
2. 64 Financial services activities
3. 64.2 Monetary intermediation - demand deposits
4. 64.22-1 Multiple banks, with a commercial portfolio
5. 6422-1/00 Multiple banks, with a commercial portfolio

What 6422-1/00 includes

• The activities of financial institutions that concentrate distinct operational activities in a single company, which are called portfolios, and are authorized to receive demand deposits in current accounts. They are subject to the same legal and regulatory rules applicable to the individual institutions corresponding to their respective portfolios
• To be characterized as a multiple bank with a commercial portfolio, the institution must have at least two of the following portfolios, one of which must be commercial: • commercial (mandatory) • investment or development, the latter exclusive to public banks • mortgage credit • financing and investment credit • financial leasing

6422-1/00 in other systems