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Banking

Banking

The business conducted or services offered by a bank.

OverviewStructured DataIssuesContributors

Contents

Is a
Industry
Industry

Industry attributes

NAICS Code
522
Parent Industry
Finance
Finance
Finance and Insurance
Finance and Insurance
Child Industry
‌
Activities Related to Credit Intermediation
Investment
Investment
Personal finance
Personal finance
‌
Nondepository Credit Intermediation
Neobanking
Neobanking
‌
Commercial bank
‌
Savings bank
...

Other attributes

Also Known As
Credit Intermediation and Related Activities

A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank.

Banking Overview

NAICS definition

Industries in the Credit Intermediation and Related Activities subsector group establishments that (1) lend funds raised from depositors; (2) lend funds raised from credit market borrowing; or (3) facilitate the lending of funds or issuance of credit by engaging in such activities as mortgage and loan brokerage, clearinghouse and reserve services, and check cashing services.

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Companies in this industry

Further Resources

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References

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