SBI 64.92.2—Activities of municipal credit banks and commercial finance companies

Where 64.92.2 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.9 Other financial service activities, except insurance and pension funding
4. 64.92 Other credit granting
5. 64.92.2 Activities of municipal credit banks and commercial finance companies

What 64.92.2 includes

• Granting of credit, including by means of money loans, credit in hire purchase and installment transactions, revolving money and goods credit (via credit cards) and the taking out of private loans for that purpose
• Granting of short-term loans against the surrender of movable goods as collateral
• Financial services which primarily relate to mediation by entering into obligations, other than currency, deposits or closely related alternatives to deposits, where the granting of credit may take various forms, e.g. loans, mortgages, credit cards, and the following types of services are provided: • granting of consumer credit by entities that do not attract deposits • provision of bank-like services without a banking license, in cooperation with a licensed bank • lending of money outside the banking system • loan securitisation • factoring and supply chain financing

What 64.92.2 excludes

• Activities of mortgage banks and building societies, 64921
• Activities of private equity firms, 64923
• Activities of exchange brokers and other lending, 64924
• Lending by specialized deposit institutions, 6419
• Financial lease, 6491
• Securitisation of assets other than loans, 6499
• Operational leasing, based on the type of goods being leased, division 77
• Granting of subsidies by member organizations, 9499

64.92.2 in other systems