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Credit Registers

Bangladesh Bank Demands Information on all Defaulted Loans

As per a new circular issued recently, banks and financial institutions are supposed to report to the central bank even if the defaulted loan is Tk 1 only (US$.01). Until now, the banks and other financial institutions were supposed to send information on default loans of Tk 50,000 (US$ 602) or more and for credit cards Tk 10,000 (US$ 120) unpaid ... Read More »

BIIA Regional Meeting Phnom Penh, Cambodia Presentations 2018

Regional Meeting – March 14th to 15th, 2018 Sofitel Phnom Penh Phokeethra Hotel, Phnom Penh, Cambodia The following presentations were made at the meeting. BIIA would like to thank all of our speakers for their contributions. Introduction to BIIA and overview of the global industry trends and key regulatory themes – Neil Munroe, Deputy Managing Director, BIIA Cross border sharing ... Read More »

China: People’s Bank of China Sets Up Credit Reference Platform for Alternative Lending Transactions

In order to tighten regulations on personal borrowings from alternative lending platforms, the People’s Bank of China, China’s central bank, has made plans to launch a platform by the end of 2017 for collecting personal credit information to assess credit ratings of people using alternative lending platforms. Over the past year, the intense expansion of consumer loans (mostly from online ... Read More »

KSV1870 Opens New Office in Salzburg

More than 100 guests from the business and political community attended the opening of the new office location at the Hellbrunner Straße 15 in Salzburg’s capital at the invitation of KSV1870 President Mag. Dr. Roland Wernik, MBA. KSV1870 Managing Director Mag. Ricardo-José Vybiral, MBA spoke about the current business and credit conditions in the Austria in general and in the ... Read More »

QCB Plans Strategic Expansion of Qatar Credit Bureau

The Qatar Credit Bureau that operates under the supervision of Qatar Central Bank (QCB) is set to expand its activities. The Credit Bureau is planning to add more members and services. “We are adding new services to our bureau. The credit score models exclusively for commercial and SME customers are under process. We are collecting more details from commercial credit ... Read More »

Creditinfo Group Acquires 33% Shares in ISHENIM, the Credit Bureau in Kyrgyzstan

“Creditinfo Group” is well set on its track for growth and announces the acquisition of 33% of shares in the Kyrgyz Credit Information Bureau “Ishenim”.  This strategic acquisition meets Creditinfo’s aim to contribute in growing economies and facilitating access to finance – a challenge that the company has been meeting for the past 20 years.      “Kyrgyzstan is a market ... Read More »

IFC (World Bank Group) Helps Increase Access to Credit in the Kyrgyz Republic

IFC (World Bank Group) Helps Increase Access to Credit in the Kyrgyz Republic The IFC (World Bank Group) is helping the Kyrgyz Republic undertake a series of reforms to strengthen the country’s financial infrastructure and boost access to finance for borrowers, including small and medium enterprises. Since 2009, IFC’s advisory services team, part of the World Bank Group’s Finance and ... Read More »

Australian Privacy Actions: ABR Gazette Change, February 2017

The ABR Gazette is a subscription-only commercial information service, collating public record information on companies and individuals such as insolvency, bankruptcy and court data relating to debt. The cover of the ABR Gazette includes the terms and conditions of use, restricting it to the assessment of credit risk Veda has agreed to amend the ABR Gazette in the next three ... Read More »

The Reserve Bank of Zimbabwe Launches Online Exchange of Information Between Banks Via Creditinfo Credit Bureau Solution

The Reserve Bank of Zimbabwe (RBZ) announced on January 1st the official launch of the system for online exchange of information between banks via Creditinfo Credit Bureau Solution. The operation is live already. Creditinfo won the international tender initiated by World Bank and now provides RBZ with the latest generation of Credit Bureau System, CB5. The credit bureau system in Zimbabwe was built from scratch in ... Read More »

Central Bank of Iraq Starting Online Credit Information Exchange

The Central Bank of Iraq announced the launch of online exchange of information between the banks via a credit bureau system.  The system, named CBS5, is provided by Creditinfo, who won an international tender initiated by WorldBank.   The credit bureau system was built from scratch in only 10 months, including transfer of know how and financial institutions’ education and ... Read More »

Transparency: China & Cambodia to Exchange Credit Reports

The central banks of Cambodia and China are in talks to share customers’ credit reports in an effort to boost bilateral private investment, as a response to rising trade between the two countries. The National Bank of Cambodia (NBC) director general Chea Serey told Khmer Times yesterday that discussions were held with senior People’s Bank of China official Luo Yue ... Read More »

Philippines Credit Bureau Accreditation Shakeup

Credit Bureau Singapore and Dubai based Dun & Bradstreet South East Asia Middle East Ltd have dropped their accreditation to offer rating services using information from a national registry after both companies failed to meet state requirements on time, according to CIC President and Chief Executive Officer Jaime P. Garchitorena:  “They’ve dropped their accreditation because we set deadlines… Their period ... Read More »

AnaCredit:  A Turkish Perspective

Ömer K. Seyhun is a Senior Specialist at the Central Bank of Turkey and has shared with us a paper on AnaCredit (European Central Bank Credit Register Project).  Ömer is also the Bank’s representative on the World Bank’s International Committee on Credit Reporting (ICCR) along with BIIA, which goes along way in sharing credit practices across borders. To view the ... Read More »

Philippines: CIC Accredits new Credit Bureaus

Recently the state-owned Credit Information Corporation (CIC) of the Philippines has granted the accreditation of three credit bureaus and hopes to complete the application of two more entities in the next two months. In a briefing, Jaime Garchitorena, CIC president and chief executive said they have accredited CRIF Philippines (Italy) which was announced in May, Compuscan Philippines (South Africa) and ... Read More »