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IScore 2702207 Presentation for Egyptian Banking Federation


High Investigation Cost. High Credit Risks. Current Risks Associated With Non Disclosure ... Is it guaranteed by law that borrowers can inspect their data? ... – PowerPoint PPT presentation

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Title: IScore 2702207 Presentation for Egyptian Banking Federation

(No Transcript)
  • Types and levels of Credit Bureaus.
  • Highlight on how Credit Bureaus contribute to
    overall Governance /
  • Risk Management frame work.
  • Type of permissible non permissible

Banks and Non-Banks Credit Bureau
Consumer and Commercial Credit Bureau
Credit Bureau function is to issue a
comprehensive report on borrowers ( individuals
small enterprises ) through collection of credit
information from lenders and public information
from public sources.
(No Transcript)
  • Integral part of a Sound Credit Judgement
  • Credit is available to a larger segment of the
  • Effect on Borrowers Behaviour
  • Countrys Investment Grade
  • Getting Credit
  • Credit Information 3 Indicators
  • Public Credit Registry Coverage Number of
    Individuals Firms
  • Adult Population
  • Private Credit Bureau Coverage Number of
    Individuals Firms

  • Adult Population
  • Legal rights of creditors and debtors 1

Credit Information Index Egypt Are both
individuals and firms listed in credit registry?
Are both positive and negative date
distributed ? Does the registry collect credit
information from financial Institutions as well
as retailers and utilities providers? Are more
than 2 years of historical credit information
available for distribution ? Is Data on all
loans larger than 1 of Income per capita
recorded? Is it guaranteed by law that borrowers
can inspect their data?
  • 2005
  • - Banking Monetary Law
  • - Account Secrecy Law
  • - CBEs Approval on Rules Governing
    Establishment of Credit Bureaus
  • January 2006
  • CBEs Board of Directors approved the
    rules regulations governing
  • the Operations of Credit Bureaus

Changes covered the following - Data
Exchange (Banks / Mortgage Finance / Leasing /
Credit Bureaus) - Supervisory Regulations
- Compliance Rules - Penalties on Non
  • Phase I - 3rd Quarter 2007
  • Start up July 2007
  • - Feeding of Information from Banks ltEGP
    30,000 for a comprehensive profiling on consumer
    borrowers EGP 1 to (unlimited) and SMEs with
    credit borrowing up to EGP 1 MM.
  • - Feeding 800,000 records maintained at the
    Public Registry (CBE)
  • for Credits gt EGP 30,000
  • - Data Compiled under unified National ID
  • Phase II - 4th Quarter 2007
  • - Non Banking Financial Institutions
  • - Mobile Operators

  • Phase III - Value Added Solutions ( Based on
  • Analysis Market Needs )
  • 2008
  • - Credit Scoring
  • - On combined profile of the customers
  • 2009
  • - Fraud Discovery
  • - Identity Verification
  • - SME Rating ( under study )
  • - Risk Management Training Center ( under
    study )

  • Data exchange between Banks / Leasing Companies /
    Mortgage Finance Co.s and Credit Bureaus (
    Private Public ) without borrowers consent.
  • Disclosure to lenders Only by written consent of
    the borrower.
  • Right of borrowers to inquire on their own credit
  • Disclosures by Act of Law.

  • Board Members are not allowed access to
    information on borrowers. Staff of the Credit
    Bureau ( on as need basis )
  • Dual control access by designated employees to
    amend records.
  • Disclosures due to permissible purpose authorized
    by borrowers such as credit application ,
    increase, annual review, guarantor etc
  • Credit Bureaus Right to review lenders records
    on inquiries made.
  • Regulatory audit reviews by CBE on lenders and
    the Egyptian Credit Bureau.
  • Disclosure on borrowers are not permitted to any
    party not specifically authorized by rules
    regulations governing the operations of the
    Credit Bureau.
  • Compliance Officer oversight in the Credit Bureau.

  • Thank You