A company, often in a corporate group, that extends credit but does not accept deposits (company engaged in making loans to individuals or businesses; but unlike a bank, it does not receive deposits from the public). As a rule, they exclusively serve customers in a specific economic sector, such as real estate. – Sometimes also said for a special purpose vehicle. – See bank, domestic financing, fund, in-house system, institution, non-bank. – Cf. Deutsche Bundesbank Monthly Report, March 2014, p. 18 (financing companies as part of the shadow banking system).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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