Paper
Credit Information Bureau (CIB)
Details on Credit Information Bureau in Pakistan
Download
17 pages
This presentation presents details of Credit Information Bureau (CIB) in Pakistan. It covers the following topics:
- Objectives of CIB;
- Scope of CIB;
- Process before and after going online;
- Statistics of the Bureau;
- Legal and regulatory challenges to information sharing.
The presentation reports that:
- Objective of the CIB is to provide maximum information to help financial institutions take informed credit decisions;
- CIB would provide both positive and negative information about both individual and group borrowers;
- Obtaining credit report is mandatory for financing Pak Rs. 500,000 and above under prudential regulation governing banks/Non-Bank Financial Companies (NBFCs);
- Reporting of data of borrowers of Pak Rs. 500,000 is mandatory for all banks/NBFCs;
- The CIB has a total of 131 reporting institutions;
- About 218,152 credit reports were issued during the year 2003;
- There are restrictions on banks on sharing client data except with the States Bank of Pakistan (SBP);
- SBP is prohibited from disclosing the name of the financial institution in the credit report.
The presentation concludes by reporting the various development activities related to CIB.
About this Publication
Published
