• Mariana Rodica Ţîrlea Faculty of Economic Sciences Cluj-Napoca


The Emergency Ordinance no. 99 of 6 December 2006, on credit institutions andcapital adequacy, presents the credit institution as "an entity whose business is to attractdeposits or other repayable funds from the public and to grant credits in its own account". The2006/48/EC Directive of the European Parliament and the European Council, presents thecredit institution as "an undertaking whose business is to receive deposits and other repayablefunds from the public and to grant credits for its own account" definition that seemsappropriate, justified by the fact that, in our opinion, the concept of undertaking is assigned tothose innovative and imaginative companies that produce goods. Since money is a commodityand economic agents that we call credit institutions produce money by reinventing themselvesevery day to keep up with technology, we consider that the idea of “undertaking” formulatedby the 2006/48/EC Directive of the European Parliament and of the European Council isappropriate and that these credit institutions be hereinafter referred to as undertakings andtherefore enterprises. We believe that the enterprise, in our case, the credit institutions, is amatter that produces, consumes and trades services in order to achieve positive economiceffects therefore saving and lending are their direct support. Moreover, credit is the source forfinancing growth and welfare, therefore the engine of the capitalist economy

Author Biography

Mariana Rodica Ţîrlea, Faculty of Economic Sciences Cluj-Napoca
Correspondence: Mariana Rodica Ţîrlea, 56 Teodor Mihali St., 400591, Cluj-Napoca, Cluj,Romania
How to Cite
ŢÎRLEA, Mariana Rodica. COORDINATES OF THE CREDIT INSTITUTION ACTIVITY. AGORA INTERNATIONAL JOURNAL OF JURIDICAL SCIENCES, [S.l.], v. 8, n. 1, p. 176-183, feb. 2014. ISSN 2067-7677. Available at: <>. Date accessed: 29 sep. 2020. doi:


credit institution, specific conditions, authorization, general conditions, credit, savings, undertaking, enterprise