The purpose of the registry of the NBU is to provide an opportunity to the Bank to see the credit history of a borrower. Photo: View
Ukraine will have a unified credit registry of the national Bank. The Verkhovna Rada adopted the law.
The introduction of such a tool will ensure the effective functioning of the information exchange system, banking regulation and supervision. Create a mechanism to avoid risks by banks when granting loans. At the same time, the national Bank will be able to monitor the concentration of credit risk would increase the protection of depositors ‘ interests. In turn, each debtor will be able to see the information contained about him in the credit registry, reported the NBU.
“The problem is the lack of a systematic registry has long been one of the key obstacles to attracting investment. When the country do not protect the basic rights of investors or unconditional right of creditor to receive funds that he loaned, then it is not attractive for investment. In addition, the creation of such a tool will affect the protection of the rights of creditors,” – said Gazeta.ua financial analyst Alex Kush.
However, he noted the deficiencies of establishing a credit registry of the national Bank.
“Western banks create a credit Bureau, where you transmit personal data of the borrowers. In Ukraine, too few showed up. They were supposed to function as a professional Association. Actually – competed,” commented Alex Kush.
The purpose of the registry of the NBU is to provide an opportunity to the Bank to see the credit history of a borrower.
“All banks are United in a special communication channels with the national Bank. Through which transmit daily reports. Therefore, to organize a continuous transfer of information in respect of borrowers – no problem. In the framework of the powers and special requests access to the registry will also be public authorities. Will create a single information network”, – concluded the economist.
Obligations on creation of credit registry, the current government took another 2015 in the Memorandum with the European Union. He was then included in the Memorandum with the IMF. Such registries are operational in more than 90 countries.