OKVED 2 64.19—Other monetary intermediation

Where 64.19 sits

1. K Financial and insurance activities
2. 64 Activities related to the provision of financial services, except for insurance and pension provision services
3. 64.1 Monetary intermediation
4. 64.19 Other monetary intermediation

What 64.19 includes

• Accumulation of free cash of various economic entities and provision of them on behalf of the organization under certain conditions
• These types of activities are carried out by credit institutions (banks and nonbank credit institutions) on the basis of a license issued by the Bank of Russia
• Attracting funds from individuals and legal entities as deposits;
• Placing attracted funds on their own behalf and at their own expense;
• Opening and maintaining bank accounts of individuals and legal entities;
• Making settlements on behalf of individuals and legal entities, including correspondent banks, from their bank accounts;
• Collection of cash, bills of exchange, payment and settlement documents and cash services for individuals and legal entities;
• Attracting deposits and placing precious metals;
• Issuing bank guarantees;
• Making money transfers on behalf of individuals without opening bank accounts, with the exception of postal money orders

What 64.19 excludes

• Providing loans for the purchase of houses by specialized institutions that do not accept deposits, see 64.92;
• Activities of processing transactions and settlements on credit cards, see 66.19;
• Activities of accepting payments from individuals by payment agents (legal entities or individual entrepreneurs) and bank payment agents (organizations that are not credit institutions and individual entrepreneurs), see 66.19

64.19 in other systems