NACE Class 64.19 - Other monetary intermediation

From Open Risk Manual

Definition

Other Monetary Intermediation class

Description

This class includes the receiving of deposits and/or close substitutes for deposits and extending of credit or lending funds. The granting of credit can take a variety of forms, such as loans, mortgages, credit cards etc.

These activities are generally carried out by monetary institutions other than central banks, such as:

  • banks
  • savings banks
  • credit unions


This class also includes:

  • postal giro and postal savings bank activities
  • credit granting for house purchase by specialised deposit-taking institutions
  • money order activities


This class excludes:

  • credit granting for house purchase by specialised non-depository institutions, see 64.92
  • credit card transaction processing and settlement activities, see 66.19

Higher Level