Monetary financial institutions (MFIs)

Central bank, credit institutions (except non-MFI credit institutions), credit unions, money market funds (MMFs) and other financial institutions whose business is to receive deposits or close substitutes for deposits from customers other than MFIs and, on their own account, to grant credits and invest in securities; as well as electronic money institutions, whose main business is issuing of electronic money.
The definition of the concept is consistent with Regulation (EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit institutions and of the monetary financial institutions sector (recast) (ECB/2021/2).