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