CNAE Brazil 6424-7/01—Cooperative banks

Where 6424-7/01 sits

1. K Financial, insurance and related services activities
2. 64 Financial services activities
3. 64.2 Monetary intermediation - demand deposits
4. 64.24-7 Cooperative credit
5. 6424-7/01 Cooperative banks

What 6424-7/01 includes

• The activities of cooperative banks, which are commercial banks constituted as closed-capital corporations and controlled by central credit cooperatives that must hold at least 51% of the voting shares. They cannot participate in the share capital of financial institutions authorized to operate by the Central Bank, and their corporate name must necessarily include the expression "Cooperative Bank". They operate as commercial banks, but are restricted to the Federative Units in which the headquarters of the controlling legal entities are located, and may enter into service provision agreements with credit cooperatives located in their area of ??operation

6424-7/01 in other systems