SCIAN 522110—Multiple banking

Where 522110 sits

1. 52 Financial and insurance services
2. 522 Non-exchange credit and financial intermediation institutions
3. 5221 Multiple banking
4. 52211 Multiple banking
5. 522110 Multiple banking

Description

Economic units primarily engaged in attracting and placing funds from the public in the domestic market through various instruments, such as savings accounts, time deposits, credit cards, and mortgages. These economic units are also known as commercial or first-tier banks.

Example activities

• cash and account management for companies or businesses
• commercial banking
• first floor bench
• multiple banking
• acquisition of savings accounts by multiple banks
• acquisition of time deposits by multiple banks
• letters of credit by multiple banks, issuance
• negotiable certificates of deposit issued by multiple banks
• cashier's checks issued by multiple banks
• traveler's checks issued by multiple banks
• checks from multiple banks, certification of
• banking correspondent services through multiple banks
• granting of guaranteed loans to consumers by multiple banks
• granting of residential mortgage loans by multiple banks
• granting of unsecured loans to consumers by multiple banks
• granting of loans to governments by multiple banks
• granting of loans to deposit institutions by multiple banks
• granting of loans to stockbrokers by multiple banks
• granting of guaranteed loans to non-financial companies by multiple banks
• granting of personal loans for the purchase of vehicles by multiple banks
• granting of unsecured loans to non-financial companies by multiple banks
• promissory notes with interest payable at maturity by multiple banks, issue
• bank credit cards, issuance and operation

Cross-references for 522110

• Establishments primarily engaged in raising of resources from the public to support the development of economic projects through the granting of preferential loans (522210, Development Banking), and the representation of foreign financial institutions (522510, Services related to non-stock market credit intermediation).

522110 in other systems