Krediidiasutusteks

Krediidiasutusteks is the translative plural form of krediidiasutuses? No, the base is krediidiasutus (credit institution) in Estonian, and krediidiasutusteks is used to denote designation or transformation into credit institutions in formal or legal language. The phrase commonly appears in regulatory texts to indicate that certain entities are treated as or are becoming credit institutions.

A krediidiasutus is a financial firm whose core activities involve taking deposits and granting credits for its own account, often accompanied by related payment and financial services. In the European Union, a credit institution is defined and regulated to ensure prudent operation, systemic stability, and consumer protection. While banks are the most common examples, the category can also include other deposit-taking lenders authorized to provide credit and payment services under applicable law. The exact composition of credit institutions can vary by jurisdiction, but the common feature is authorization to take deposits and extend credit.

Regulatory framework and supervision in Estonia follow both national and EU rules. Krediidiasutusteks are authorized and supervised by the Financial Supervisory Authority (Finantsinspektsioon) under the Credit Institutions Act, with obligations related to capital adequacy, liquidity, risk management, governance, and regular reporting. Compliance with prudential requirements aims to safeguard depositors and maintain financial stability. The term krediidiasutusteks thus appears in regulatory and statutory texts to designate entities that fulfill the role of credit institutions or to indicate that an entity is recognized as such.