The central bank proceed to work with an electronic system for the exchange of credit information

Author: AB, ASJ
Editor: AB

12/6/2016 09:30


Long-Presse / Baghdad
The central bank announced on Tuesday, to work directly with an electronic system for the exchange of credit information, he promised that the system will leave the old way of relying on paper correspondence, as he emphasized that he will take the sound and rapid decisions in the granting of loans and evaluate the payment and clearing operations.

He said the media's central bank in a statement received (range Press), a copy of it, that "the Iraqi Central Bank began working with an electronic system for the exchange of credit information", noting that "the system allows the government and private banks to the exchange of credit information among themselves on the one hand and between them and the central bank on the one hand Other, and fast, reliable manner. "

The statement added that "the implementation of the new system will leave the old way of relying on paper correspondence dealing with the banks," stressing that "the system will help those banks and their customers both in the credit risk assessment and make sound and quick decisions in the granting of loans and evaluate the payment and clearing operations, from by knowing the credit history of the customer. "

Source