• NOGA
  • K FINANCIAL AND INSURANCE ACTIVITIES
    • 64 Financial service activities, except insurance and pension funding
      • 641 Monetary intermediation
        • 6419 Other monetary intermediation
          • 641908 Foreign-controlled banks

Many foreign-controlled banks operate in all field of business, but some of them focus on asset management or investment banking. In the case of asset management, the clientele is usually foreign. A bank is deemed to be foreign-controlled if foreigners with a qualified participation in the bank directly or indirectly hold more than one half of its voting shares, or if they exercise a controlling interest in any other manner.

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• Codification rules
• Corresponding NOGA2002 codes