Activities and Services
Banks can carry out the following activities:
- receipt of deposits or other reimbursable funds;
- loans and credits, including in particular, consumer credit, mortgages, factoring (with or without recourses) and the financing of commercial transactions, including forfaiting;
- financial leasing (leasing) and non-financial leasing (renting), with or without purchase options;
- granting of guarantees and warrants;
- payment transactions;
- issuance and management of means of payment, among others, credit cards, travellers’ checks and bank checks;
- transactions for the entities own account or on behalf of clients whose objectives are:
- money market instruments (checks, drafts, certificates of deposit, etc.),
- exchange markets,
- financial futures and options,
- currency or interest rate instruments,
marketable securities;
- participation in the issuance of securities and provision of related services;
- intermediation in interbank markets;
- business reports;
- safety deposit box rental;
- the investment and auxiliary services related to articles 20 and 21 of Law 7/2013 [Llei 7/2013].
Banks are companies that are dedicated to the reception of deposits and other reimbursable funds, and to the granting of loans of any nature for their own account.