Czech Banking Credit Bureau
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Credit register
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What is a credit bureau?

… an independent subject providing services for banks and financial institutions…

… subject operating a shared data base of client information…

… subject whom attendance on the world financial markets seems to be essential...

"Credit bureau" or more often "credit register" is a topic which has recently been often mentioned in television and press. Unfortunately most of the articles written on this subject arouse fear and indignation of people, although credit register is nothing to be afraid of. Sharing all the available information is beneficial for the financial institution providing the credit, as well as for the citizen. Enough information protects not only the financial institution against a "bad" client, it also recognizes the good one and enables to recognize interconnection of possessive relations and amplify this protection on all the capitally adherent groups. Moreover sharing all the information protects the client who stands to the contract's conditions as well, and this way he fortifies the reliance upon the Czech financial market.

Key features of the coming register are:

  • Information system EURISCZECH distributed by Italian CRIF.
  • AT&T Global Network used for the internal communication.
  • All banks operation oh the Czech market can become participants of the register if they are neither under forced administration nor in liquidation.
  • Information data-base is formed by positive and negative information about credit score, credibility and morality of payment of clients.
  • Register only contains information about credit operations; it does not look at active balances of the bank clients.
  • The information system offers to its user not only the possibility of checking the current state of client's indebtedness but also the "historical denomination" - information about the client regarding the past 4 years.
  • CBCB - Czech Banking Credit Bureau, a.s. is the operator of this register. It is own by five founding banks.
  • The whole project had often been consulted with the Office for Personal Data Protection as well as with the Czech National Bank and we can then be sure that it is consistent with all legal rules practiced in our country.

Current users of the register: