authorization — an instrument issued in any form by the authorities by which the right to carry on the business of a credit institution is granted -

branch — a place of business which forms a legally dependent part of a credit institution and which conducts directly all or some of the operations inherent in the business of credit institutions ; any number of branches set up in the same Member State by a credit institution having its head office in another Member State shall be regarded as a single branch, without prejudice to Article 4 (1) -

credit institution — an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account art_1__para

own funds — the credit institution's own capital, including items which may be treated as capital under national rules -