CRIB is the first Credit Information Bureau in the South Asian region, which was established by the Credit Information Bureau of Sri Lanka Act No 18 of 1990 as amended by Act No. 8 of 1995 and 42 of 2008.
CRIB is an independent statutory body and a public – private partnership with the Monetary Board of the Central Bank of Sri Lanka holding the majority of equity. The rest of the shares are divested among other shareholder members of the bureau.
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CRIB, the Sri Lanka Credit Bureau is an information service provider, mandated by the law to collect only credit related information from the regulated licensed lending institutions who are also shareholders of the bureau. CRIB compiles such information in a meaningful way which allows credit providers to make informed lending decisions.
Credit bureau, plays a critical role in facilitating to bridge information gap between lenders and borrowers, so that risk management in credit evaluation become more objective and rational.
CRIB’s active role is expected facilitate credit expansion into interiors of local economies, stimulates disciplined credit culture and help to create competitiveness and stability of the financial system.
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Fulfill our Statutory mandate on Credit Information collection and distribution
Industry Best Practices and standards in Data Management and Safeguard Information integrity
Customer Oriented Services
Promote Access to Credit
Instill Credit Discipline in the Society
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It is a record of your credit repayment history compiled with information from different credit providers.
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Lenders check your credit information to assess your credit worthiness. Having a good repayment history will make it easier to obtain credit faster and at concessionary terms.
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Regularly reviewing your credit report allows you to be aware of any incorrect information entered and gives you the opportunity to correct the same.
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Your credit report also helps credit providers to make faster and more objective decisions. Providing this report to our members (lending Institutions), helps them to assess and determine your credit worthiness.
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It helps lenders make better lending decisions quickly and objectively.
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Creates a more competitive credit market amongst the credit providers.
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Responsible customers can expect a faster and more competitive service from the lending institutions.
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