Banks engage in various activities beyond traditional banking services, including debt restructuring, investments in non-banking companies, and provision of financial services.
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[...] In this regard, it resembles a leasing credit operation. A hat limit is however posed: the activities should not be incompatible with the requirements of the credit institution, whether it is a matter of its reputation or the protection due to the clientele. Furthermore, the annual amount of all these non-banking activities should not exceed 10% of the net banking income i.e. the bank's profit. [...]
[...] - The contribution to the customer base of services that, although not connected, constitute the extension of banking operations. Many banks have commercialized their mobile plans. Certainly, the sale of telephone plans has nothing to do with the activity of a credit institution, unless . one can perform banking operations by phone. Certain subsidiaries of credit institutions also offer rental services with the option to purchase. To do this, they purchase a vehicle what they offer for rent to a client. This contract is accompanied by a purchase option. [...]
[...] - The non-bank payment services : This is a connected activity. Good thing banks can still perform this type of operation - The issuance and management of electronic currency : Similar to payment services, the issuance and management of electronic currency by a company require it to acquire a specific status. These activities can thus be exercised by banks, but also by specialized companies such as Binance or Bybit. The exercise of these activities by entities societies of financing is more restricted due to their status and the types of activities that are authorized to them. [...]
[...] Services or operations related to banking operations I. Services or operations related to banking operations The banks exercise for the most part a certain number of activities which do not relate not properly speaking to banking services, but entertain a link of connectivity with these operations. They are in its extension and are thus authorized without the banks being obliged to adopt this status to exercise them. These connected services are listed at the article L311-2 of the Monetary and Financial Code. [...]
[...] It discourages banks from engaging in this type of activity. The idea is not to completely ban banks, but to keep the field of prohibitions wide so that they do not take too winding roads. Typically, this regulation allows banks to take [...]
