NACE 64.9 – Other Financial Service Activities | Public Tenders

Definition: NACE 64.9 covers other financial service activities that are not attributable to deposit or lending business in the classical sense. These include factoring, leasing, financing brokerage as well as specialised credit forms. In the public sector, these instruments play a growing role in financing municipal investments and in optimising receivables management.

Legal basis: NACE Rev. 2 (Regulation (EC) No 1893/2006) · Last updated: January 2026

What does NACE 64.9 cover?

NACE 64.9 (Other financial service activities) is a collective group for specialised financial service providers outside the classic banking business — with growing significance for alternative financing models of public contracting authorities.

Group 64.9 within Section K (Financial and insurance activities) and Division 64 is broken down into two classes:

Public contracting authorities commission providers from NACE 64.9 in particular for leasing models for vehicles and IT equipment, factoring solutions for municipal receivables as well as special financing structures in PPP projects.

Public Tenders: Sector NACE 64.9

Other financial services are a growth segment in public procurement — in particular leasing as an alternative to purchase and factoring to secure liquidity are gaining importance.

Typical types of contract

• Vehicle leasing: Operating lease for administration service vehicles, commercial vehicles, response vehicles of fire and rescue services
• IT leasing and Hardware-as-a-Service: Leasing of IT workplace equipment, printers, servers for authorities and schools
• Finance leasing for large equipment: Medical technology in municipal hospitals, construction machinery, special-purpose vehicles
• Factoring for municipal undertakings: Sale of receivables to secure liquidity with long payment terms, e.g. in the waste management industry
• Export financing and guarantees: Support for public enterprises on international projects
• Hire purchase and instalment purchase: Financing models for municipal investments below the credit ceiling

Thresholds and procedure types

Leasing and factoring offers are tendered under the general procurement thresholds for service contracts (EUR 221,000 EU-wide). Framework agreements for vehicle leasing are frequently awarded as open procedures with lots by vehicle type.

Relevant CPV codes for NACE 64.9

The CPV system distinguishes within other financial services between leasing, factoring and credit brokerage — a precise code selection is decisive for tender searches.

Current tenders with these CPV codes can be found on TED (Tenders Electronic Daily) as well as on national procurement platforms.

Who is NACE 64.9 relevant for in public procurement?

Public contracting authorities

Municipalities, districts, authorities, municipal undertakings as well as public hospitals and educational institutions are the principal buyers of leasing and factoring services. Particularly in the area of vehicle procurement and IT equipment, operating leasing has gained considerable significance as a procurement model to be handled under public procurement law.

Companies and bidders

Leasing companies, factoring providers and credit brokers participating in public tenders typically need:

• Authorisation: Authorisation as a financial services institution (section 32 KWG or section 1 BWG) or as a leasing company
• Technical capability: References with public contracting authorities, experience with public-law contract structures
• Economic capability: Balance sheet figures, equity ratio, credit rating
• Digital processing: Electronic contract management, online reporting, interfaces to public-sector SAP systems

NACE 64.9 in context: Section K and Division 64

NACE 64.9 is part of Division 64 (Financial service activities) within the financial and insurance Section K.

• NACE K – Financial and insurance activities: Parent section
• NACE 64 – Financial service activities: Parent division
• NACE 64.1 – Monetary intermediation: Classical banking business
• NACE 64.2 – Activities of holding companies: Holding companies
• NACE 66.1 – Activities auxiliary to financial services: Related service group

Frequently Asked Questions on NACE 64.9 and public tenders

Is vehicle leasing a procurement or a financial service?
Operating vehicle leasing contains both a procurement component (vehicle) and a financial services component. Under public procurement law, the contract for the transfer of use is generally classified as a service contract, provided the economic risk remains with the lessor.

Can municipalities sell receivables (factoring)?
Yes, municipal factoring is permitted in several federal states and in Austria, but is subject to budget law requirements. The commissioning of a factoring company by a municipality is to be treated as a service contract under public procurement law.

Which bidders are eligible for public leasing tenders?
Bank-owned leasing companies, manufacturer-independent leasing companies (full-service leasing) and specialised municipal financiers. Many tenders permit bidding consortia to combine financing and service activities.

Last updated: January 2026
All information is provided without guarantee. For legally binding advice, please consult a law firm specialising in public procurement law.