Other credit granting (64.920)

• Consumer Credit Act

  Authorisation to perform consumer lending services

Prior to the implementation of consumer lending services, the lender must acquire an authorisation for the performance of such services. The authorisation is issued or extended by the ministry competent for the economy.

The ministry issues or extends the authorisation if the applicant fulfils the personnel, education, spatial, organisational, technical and other conditions for performing consumer lending services. The conditions for acquiring the authorisation to perform consumer lending services are stipulated in the Rules on conditions for providing consumer lending services.

The following institutions do not acquire the authorisation:

1. banks and savings banks that acquire the authorisation to perform banking services under the act on banking;
2. public housing funds;
3. lenders who grant loans only to their own employees;
4. non-profitable organisations which grant loans only for social and educational purposes on condition that this applies to loans to which this act does not apply. 

A credit broker must conclude a credit contract with a lender. The conditions for acquiring credit broker status are determined in the Rules on the conditions that a credit broker must fulfil. The following are not credit brokers:

1. a natural person who is a mediator in the conclusion of credit contracts for the lender where the entity is employed;
2. non-governmental consumer organisation entered in the register of consumer organisations that consults consumers on taking consumer loans within the scope of their consulting activity.

Source: Ministry of Finance

Banking Act

Banks may provide banking services, financial services (including consumer lending), and mutually recognized and additional financial services (including consumer lending) within the territory of the Republic of Slovenia only if they obtain authorization from the Bank of Slovenia to provide such services, in accordance with Article 103 of the Banking Act. A company with its registered office in the Republic of Slovenia may commence the provision of banking services within the territory of the Republic of Slovenia after obtaining authorization from the European Central Bank to provide banking services in accordance with this Act and Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions. A bank may commence the provision of financial services and additional financial services within the territory of the Republic of Slovenia after obtaining authorization from the Bank of Slovenia to provide such services in accordance with this Act.

Source: Ministry of Finance

Activities/services according to explanations of the standard classification of activities:

This sub-class entails only financial brokerage that encompasses the granting of loans by non-monetary institutions. Credits take different forms, such as loans, mortgages, credit cards etc.

This entails:

1. the granting of consumer loans;
2. financing international trade;
3. the provision of long-term loans to companies by branch banks;
4. lending money outside the banking system;
5. approving loans for the purchase of residential buildings by specialised non-depository institutions;
6. pawn shops and pawnbrokers.

Source: Statistical Office of the Republic of Slovenia

Activities/services added under the questions and answers table (SURS):

• Loans by a parent company to affiliates and lending among associated companies.