Central Bank begins exchange of credit information electronically system

Central Bank begins exchange of credit information electronically system

06.12.2016 10:34



[Where - Baghdad]
The Central Bank of Iraq to work with an electronic system for the exchange of credit information, allowing the government and private banks to share credit information with each other on the one hand and between them and the central bank on the other hand , and in a way a quick and reliable.
According to a statement of the bank received by all of Iraq [where] a copy of the "Implementation of this new system willcontribute to the departure of the old way of relying on paper correspondence with which the banks will also help those banks and their customers both in the credit risk assessment and make sound and quick decisions to grant loans and evaluate the payment and clearing by knowing the credit history of the customer operations. "

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