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CREDIT INSTITUTION

Statistics Directorate    
Definition:
(i) An undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account; or

(ii) an undertaking or any other legal person, other than those under (i), which issues means of payment in the form of electronic money.

Source Publication:
European Central Bank, 2004, Annual Report: 2004, ECB, Frankfurt, Glossary.

Cross References:
Credit

Statistical Theme: Financial statistics

Created on Wednesday, July 13, 2005

Last updated on Thursday, April 18, 2013