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.
From 1 October 2023, we will cease to provide services in these sectors, 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 from 1st October 2023 by NACE code
Code | Description |
10.39 | Other processing and preserving of fruit and vegetables |
25.11 | Manufacture of metal structures and parts of structures |
41.1 | Development of building projects |
41.2 | Construction of residential and non-residential buildings |
43 | Specialised construction activities |
43.1 | Demolition and site preparation |
43.11 | Demolition |
43.12 | Site preparation |
43.13 | Test drilling and boring |
43.2 | Electrical, plumbing and other construction installation activities |
43.21 | Electrical installation |
43.22 | Plumbing, heat and air-conditioning installation |
43.29 | Other construction installation |
43.3 | Building completion and finishing |
43.31 | Plastering |
43.32 | Joinery installation |
43.33 | Floor and wall covering |
43.34 | Painting and glazing |
43.39 | Other building completion and finishing |
43.9 | Other specialised construction activities |
43.91 | Roofing activities |
43.99 | Other specialised construction activities n.e.c. |
46.13 | Agents involved in the sale of timber and building materials |
46.31 | Wholesale of fruit and vegetables |
46.73 | Wholesale of wood, construction materials and sanitary equipment |
47.19 | Other retail sale in non-specialised stores |
47.25 | Retail sale of beverages in specialised stores |
47.29 | Other retail sale of food in specialised stores |
47.41 | Retail sale of computers, peripheral units and software in specialised stores |
47.74 | Retail sale of medical and orthopaedic goods in specialised stores |
47.99 | Other retail sale not in stores, stalls or markets |
64.2 | Activities of holding companies |
64.20 | Activities of holding companies |
66.22 | Activities of insurance agents and brokers |
66.3 | Fund management activities |
68.2 | Rental and operating of own or leased real estate |
68.20 | Rental and operating of own or leased real estate |
68.31 | Real estate agencies |
70.1 | Activities of head offices |
72.1 | Research and experimental development on natural sciences and engineering |
72.2 | Research and experimental development on social sciences and humanities |
81.21 | General cleaning of buildings |
81.22 | Other building and industrial cleaning activities |
81.29 | Other cleaning activities |
81.3 | Landscape service activities |
82.99 | Other business support service activities n.e.c. |
87.3 | Residential care activities for the elderly and disabled |
90.01 | Performing arts |
90.02 | Support activities to performing arts |
93.12 | Activities of sports clubs |
93.29 | Other amusement and recreation activities |
96 | Other personal service activities |
96.02 | Hairdressing and other beauty treatment |
96.03 | Funeral and related activities |
96.04 | Physical well-being activities |
96.09 | Other personal service activities n.e.c. |
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