This Directive shall not apply to the following:
- the central banks of Member States,
- post office giro institutions,
- in Belgium, the 'Institut de Réescompte et de Garantie/Herdisconteringen Waarborginstituut',
- in Denmark, the “Dansk Eksportfinansieringsfond”, the "Danmarks Skibskredit A/S" and the “KommuneKredit;
- in Germany, the 'Kreditanstalt für Wiederaufbau', undertakings which are recognised under the 'Wohnungsgemeinnützigkeitsgesetz' as bodies of State housing policy and are not mainly engaged in banking transactions, and undertakings recognised under that law as non-profit housing undertakings,
- in Greece, the 'Ταμείο Παρακαταθηκών και Δανείων' (Tamio Parakatathikon kai Danion),
- in Spain, the 'Instituto de Crédito Oficial',
- in France, the 'Caisse des dépôts et consignations',
- in Ireland, credit unions and the friendly societies,
- in Italy, the 'Cassa depositi e prestiti',
- in Latvia, the 'krājaizdevu sabiedrības',