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Is my sector eligible for Defacto financing?

Christina avatar
Written by Christina
Updated this week

Change in Sectors We Serve

We believe that the Defacto solution with its short-term maturity, and due to the sharp rise in rates and extended payment terms associated with the current macroeconomic situation, may not be the best option for some industries in the short term.

We ceased to provide services in sectors listed below, including all sub-sectors of construction and renovation, as well as real estate-related sectors, financial services and insurance.

Our goal is to be ethical and responsible in our approach, and we want to support you in the best way possible.

Existing customers in these sectors will still have access to their Defacto account in order to manage and repay any outstanding loans, and to access loan contracts for accounting purposes.

The list of sectors concerned by NACE code:

Code

Description

38

Waste collection, treatment and disposal activities

41 (and all its subdivisions)

Construction of buildings

42 (and all its subdivisions)

Civil engineering

43 (and all its subdivisions)

Specialized construction activities

45 (and all its subdivisions)

Wholesale and retail trade and repair of motor vehicles and motorcycles

49 (and all its subdivisions)

Land transport and transport via pipelines

52.24

Handling

52.29

Other transportation support activities

56.10

Restaurants and mobile food service activities

64.20

Activities of holding companies

66.19

Other activities auxiliary to financial services, except insurance and pension funding

66.22

Activities of insurance agents and brokers

66.30

Fund management activities

68 (and all its subdivisions)

Real estate activities

70.10

Activities of head offices

77.11

Rental and leasing of motor vehicles and passenger cars

Sectors we do not serve for ethical reasons

Please note that there are also certain sectors that we will no longer be serving due to ethical considerations and to comply with Anti-Money Laundering and Counter-Financing of Terrorism (AML-CFT) regulations.

As a responsible business, we are committed to maintaining the highest standards of integrity and transparency in all our operations.

Here is the list of sectors ineligible for Defacto financing:

  • Related to weapon and arms

    • 25.40 - Manufacture of weapons and ammunition

    • 30.40 - Manufacture of military fighting vehicles

    • 24.46 - Processing of nuclear fuel

  • Related to wholesale and manufacturing of tobacco

    • 46.35 - Wholesale of tobacco products

    • 12.00 - Manufacture of tobacco products

    • 01.15 - Growing of tobacco

  • Related to fossiles fuels and carbonized energy

    • 06.20 - Extraction of natural gas

    • 06.10 - Extraction of crude petrole

    • 19.20 - Manufacture of refined petroleum products

    • 14.20 - Manufacture of articles of fur

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