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It is estimated that the EU numbered some 308 thousand
financial services enterprises in 1996 (as classified within Section J of NACE
Rev. 1), a relatively small share (2.7%) of the services (NACE Rev. 1 Sections G
to K) total. Of these, more than half (56.3%) had no employees at all (mainly
self-employed persons) and over a third (37.8%) had between 1 and 9 employees.
Altogether, however, these very small enterprises (most of which were financial
auxiliaries), whilst numerous, did not account for a significant share of
activity, as they accounted for just 12.2% of employment and 3.9% of turnover
[EU: Panorama of European Businesses 2000].
For the e-Business [email protected] purposes, we have a defined a sector
within this industry that includes all of the financial intermediation
activities - whether they are monetary or not - except insurance and pension
funds as well as financial auxiliaries. Analysis of this sector will focus
on:
- accepting deposits and converting them into loans and credits for
enterprises, public authorities and families;
- managing payment systems and clearing mechanisms;
- providing services with capital transactions
- providing guarantees or commission based services (bank custody services).
| Code |
Activity |
| 65.12 |
Other monetary
intermediation |
| 65.21 |
Financial
leasing |
| 65.22 |
Other credit
granting |
| 65.23 |
Other financial
intermediation n.e.c. |
Other monetary intermediation (65.12) mainly refers to activities of saving
banks, co-operative banks and commercial banks.
Credit institutions considered by the e-Business survey are
primarily universal banks (commercial banks, saving banks, co-operative banks,
public banks) as well as specialised banks (merchant or investment banks). The
only credit institutions to be excluded are central banks, partly because of
their general reluctance to be interviewed.
European association(s)
- FBE - The Banking Federation of the European Union and of the European Free
Trade Association (EFTA), Rue Montoyer 10, B-1000 Brussels, www.fbe.be
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