1. The monetary financial institutions (MFIs) comprise the subsector the central bank (S.121) and the subsector other monetary financial institutions (S.122), and coincide with the monetary financial institutions for statistical purposes as defined by the EMI.
2.50. MFIs cannot be described simply as 'banks`, because they may possibly include some financial corporations which may not call themselves banks, and some which may not be permitted to do so in some countries, while some other financial corporations describing themselves as banks may not in fact be MFIs. In general, the following financial intermediaries are classified in subsector S.122:
... cooperative credit banks, credit unions ...
2. Notwithstanding Article 3, those institutions authorized in Spain or in Greece and listed in Annex III shall be exempt from the requirement to belong to a deposit-guarantee scheme until 31 December 1999. ...
List of credit institutions mentioned in Article 12
The following Greek credit cooperatives:
- Lamia Credit Cooperative,
- Ioannina Credit Cooperative,
- Xylocastron Credit Cooperative, as well as those of the credit cooperatives of a similar nature listed below which are authorized or in the process of being authorized on the date of the adoption of this Directive.
