Updates on the BAP-Credit Bureau

Mr. Leonilo ‘Topper’ Coronel, Managing Director of the Bankers Association of the Philippines Credit Bureau (BAP-CB), presented the private credit bureau’s latest changes and activities to participants of the 2011 RBAP-MABS National Roundtable last May 23-24 in Manila. He shared the latest developments in the effort of BAP-CB and a consortium of microfinance institutions’ (MFIs) [...]

New Developments in the BAP-Credit Bureau

By: MABS Microfinance Specialist Bernabe Bunao Jr. One of the keys to successful lending operations is to properly screen out clients who are over-indebted or with poor credit histories. This is becoming increasingly important as the sector becomes more competitive than ever before.  A useful tool to manage and mitigate these inherent risks is through [...]

Commercial banks offer credit bureau services to rural banks

MANILA, Philippines – In the absence of the national credit information system as mandated by the Credit Information System Act (CISA), rural banks are encouraged to avail of the credit information services offered by the Bankers Association of the Philippines-Credit Bureau Inc. (BAP-CB). The CISA was passed into law in October 2008 and the implementing [...]

The Benefits of the BAP-Credit Bureau for Rural Banks

Getting accurate, timely and objective credit information in a cost efficient way is one of the serious challenges that rural banks with microfinance operations face in making credit decisions.  The long-standing practice of pre-screening a loan application through field information gathering is costly and slow, and delays loan approval process. It is anticipated that a [...]