A CRR credit institution pursuant to Section 1 para. 3d sentence 1 of the German Banking Act (KWG) in conjunction with Art. 4 para. 1 No. 1 of the CRR Regulation (Regulation (EU) No. 575/2013) is a company that conducts deposit-taking as well as lending business. A CRR credit institution is generally referred to as a “fully licensed bank”.