Qatar Central Bank announced that preparations are under way to inaugurate “Qatar Credit Bureau” as the establishment contract has been awarded to “Dun Bradstreet”, according to which, the company will provide an integrated solution to the Bureau comprising both the individuals and the corporate sector.
The Bureau will help to support the sustainable growth of credit in the State of Qatar, relying on customer data and risk-based methodologies; it will also provide the Bank and the banking sector with analytical data to support the implementation of advanced techniques in risk management as outlined in “Basel II” Accord.
Qatar Credit Bureau’s future vision implies the progressive development of the Bureau to become an economic information center, which draws upon the analytical insights of all the fundamental economic sectors so as to promote the management of the economy in the country.
The establishment of Qatar Credit Bureau constitutes a major and distinctive turn for the benefit of the national economy and the banking sector. Source: Qatar News