SCIAN 522210—Development Bank

Where 522210 sits

1. 52 Financial and insurance services
2. 522 Non-exchange credit and financial intermediation institutions
3. 5222 Financial institutions for economic developmen
4. 52221 Development Bank
5. 522210 Development Bank

Description

Non-profit economic units primarily dedicated to raising funds from the public to support the development of economic projects through preferential loans. These economic units are also known as second-tier banks.

Example activities

• development bank
• second-floor bench
• letters of credit from development banks, issuance of
• negotiable certificates of deposit issued by development banks
• cashier's checks from development banks, issuance of
• checks from development banks, certification of
• correspondent banking through development banks
• granting of loans to financial companies by development banks
• granting of loans to governments by development banks
• granting of loans to deposit-taking institutions by development banks
• granting of loans to stockbrokers by development banks
• granting of guaranteed loans to non-financial companies by development banks
• granting of unsecured loans to non-financial companies by development banks

Cross-references for 522210

• Establishments primarily engaged in the multiple banking institutions (522110, Multiple banking).

522210 in other systems