Sberbank of Russia has created the largest credit bureau
December 22, 2009 – 10:35 am Savings Bank in partnership with Experian and International Information Group “Interfax” on Dec. 21 announced the establishment of a joint credit bureau – potentially the largest in Russia. This was reported in the official press release issued today.
new bureau, the number of records in which, taking into account the credit histories of the Savings Bank will reach 23 million, will be established on the basis of existing credit bureau Experian-Interfax. Savings Bank will acquire 50% stake in the Bureau, and Experian and Interfax Group will own 25% stake.
Due credit history of the Savings Bank the total number of records in the database of Experian-Interfax almost double to reach 23 million
“Today, when we expand lending to individuals, we are especially important to a developed market credit bureaus, which will improve the quality of risk assessment of borrowers to a qualitatively new level. We hope that our joint project with the companies, the Interfax and Experian will provide impetus for the development of this market and, consequently, lead to greater availability of credit to a broader range of citizens of Russia, to reduce the risks of lending and Savings Bank, and other members of the credit market ” – contained in a press release, the words of senior vice-president of the Savings Bank Denis Bugrova.
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