Credit Information Bureau of Bhutan“Taking Credit to New Heights”

Credit Information Bureau of Bhutan

“Taking Credit to New Heights”

Background

Drawbacks of Current Loan Clearance System

• Long duration• Faulty method• Incorrect / incomplete data

Financial Literacy Education Program 2010

Credit Information Bureau of Bhutan

“Taking Credit to New Heights”

Functions of Credit Information Bureau (CIB)

• Collects

• Consolidates

• Disseminates as Credit ReportFinancial Literacy Education Program 2010

Credit Information Bureau of Bhutan

“Taking Credit to New Heights”

Self Inquiry Report

• For assessing one’s credit standings

• SIR is Comprehensive credit report with names of FIs.

• Currently, report can be only obtained from our office at Thimphu.

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Financial Literacy Education Program 2010

Credit Information Bureau of Bhutan

“Taking Credit to New Heights”

Dispute Resolution Process

When disputes can be raised?

• when borrowers believes that his/her credit report contains wrong information.

•Disputes can be raised only on Credit facility

Financial Literacy Education Program 2010

Credit Information Bureau of Bhutan

“Taking Credit to New Heights”

For Further Information:Visit us at our website

www.cib.bt

Contact us atCredit Information Bureau of BhutanRoyal Monetary AuthorityKawajangsa, Thimphu323111 ext 105, 337404(D)

Credit Information Bureau of Bhutan

“Taking Credit to New Heights”

Tashi Delek

Financial Literacy Education Program 2010