Other monetary mediation (64.190)

• Banking Act and Payment Services and Systems Act

Banking services may be implemented on the territory of the Republic of Slovenia by:

• a bank that has obtained authorization to provide banking services in accordance with ZBan-4;
• a bank from a Member State that establishes a branch within the territory of the Republic of Slovenia in accordance with ZBan-4, or is entitled to provide banking services directly within the territory of the Republic of Slovenia in accordance with that Act;
• a company from a third country that is authorized to provide banking services in its home country, establishes a third-country branch in accordance with that Act, and obtains authorization for a third-country branch in the Republic of Slovenia.

A payment institution is a legal entity with its registered office in the Republic of Slovenia that has obtained authorization from the Bank of Slovenia to provide payment services as a payment institution.

Within the territory of the Republic of Slovenia, payment services may be provided as a payment institution by:

• a payment institution that has obtained authorization from the Bank of Slovenia to provide payment services;
• a payment institution from a Member State that has established a branch within the territory of the Republic of Slovenia or provides payment services within the territory of the Republic of Slovenia through an agent or directly.

To issue electronic money, the company is a legal entity with head office in the Republic of Slovenia which has obtained authorization from the Bank of Slovenia to implement electronic money issue services.

Electronic money issue services may be performed on the territory of the Republic of Slovenia by:

• a bank or company for the issue of electronic money which acquires authorization from the Bank of Slovenia;
• a bank or company for the issue of electronic money of a member state, which, in accordance with the Banking Act, establishes a branch on the territory of the Republic of Slovenia, or is, in accordance with the Banking Act, entitled to provide issuance of electronic money services;
• a branch of a bank or electronic money institution from a third country that obtains authorization from the Bank of Slovenia.

Banks may perform mutually recognised and additional financial services (including the performance of electronic money issue transaction) on the territory of the Republic of Slovenia only on the basis of a licence from the Bank of Slovenia for the provision of these services, i.e. in accordance with Article 88 of the Banking Act.

Source: Ministry of Finance

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

This sub-class also comprises accepting deposits and/or similar substitutes for deposits and the provision of loans or borrowing funds. Loan approval may be implemented in various forms: loans, mortgages, credit cards, debit cards etc. These services are generally performed by monetary institutions, excluding central banks, such as banks, savings banks, credit unions etc.

This also includes:

• the activities of post- office giro institutions and post savings institutions,
• institutions that provide loans for the purchases of residential buildings and specialise in accepting deposits,
• ordering money.

Source: Statistical Office of the Republic of Slovenia

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

• Internet banking.