MAKATI CITY, 04 January 2021 – More borrowers from lending and financing companies are being loaded into the Credit Information Corporation’s (CIC) database as the sector topped the most recent list of CIC’s submitting entities (SEs) in production or those financ
The government should significantly increase the budget allocation of the country’s central credit registry to further perform its mandate in providing accessible financing, a study by Policy and Economic Research Council (PERC) and Makati Business Club (MBC) suggested.
MAKATI CITY, 11 December 2020 – The Policy and Economic Research Council (PERC), a think tank based in the United States, together with the Makati Business Club (MBC), a private non-stock, non-profit business association, recently released the findings of its study which reviewed and assessed th
17 November 2020 – The Governing Board of the Credit Information Corporation (CIC) has elected its new President and Chief Executive Officer (PCEO) in the person of Atty. Ben Joshua A. Baltazar.
The state-run Credit Information Corp. (CIC) and Rizal Commercial Banking Corp. (RCBC) is teaming up to promote digital financial inclusion and literacy amid the coronavirus pandemic.
MAKATI CITY, 09 November 2020 – As part of its mandate to promote the benefits of a credit information system to the economy, the state-run Credit Information Corporation (CIC) signed a Memorandum of Understanding (MOU) with Rizal Commercial Banking Corporation (RCBC) to promote digital financia
Whether monetary authorities will place or not a ceiling rate in terms of loan products other than credit cards will require “close coordination” with the industry, an executive from the Bangko Sentral ng Pilipinas (BSP) said.
The country’s central credit registry is open to working with government agencies in implementing stimulus programs for micro-scale, small and medium-scale enterprises (MSMEs).
MAKATI CITY, 31 October 2020 – Two of the accredited credit bureaus of the state-run Credit Information Corporation (CIC)—CIBI Information, Inc. and CRIF Philippines—have reported an increase in credit report inquiries for financial and loan purposes during the COVID-19 pandemic.
An industry-wide study is needed to determine the ceiling of interest rates charged by nonbank financial institutions, such as mobile lending platforms, on borrowings, the Bangko Sentral ng Pilipinas (BSP) said.
