Using the Credit Bureau: Experience from the Field
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Session 5: Using the Credit Bureau: Experience from the Field
Manolet Batallones BAP-Credit Bureau
2012 RBAP-MABS National Roundtable Conference June 7-8, 2012
Hyatt Hotel & Manila
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2012 RBAP-‐MABS NATIONAL ROUNDTABLE Hya$ Hotel, Malate, Manila
June 7-‐8, 2012
BAP Credit Bureau, Inc. - CONFIDENTIAL
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BAP Credit Bureau, Inc. - CONFIDENTIAL
Primary Services • Positive Loan Data Exchange (Loandex) – Individual and
Corporate • Positive Data Sharing (PoDS) – Consumer loans • Negative File Information System (NFIS) – Individual and
Corporate Complementary Services • Real Property Database System (RPDS) • Title Check Caution List Database (TCLD)
Outsource Services • Microfinance Credit Bureau (MiDAS) for Microfinance
Institutions • Bank Certificate Verification System (BCVS) for the British
Embassy • Customer Profile Registration System (CPRS) for the Bureau
of Customs’ payment system • SafeTNet for the Philippine Finance Association
OUR SERVICES
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MOA with RBAP dated May 31, 2004 for Rural Banks to Gain Access to the NFIS
Early Stages Circa 2002-‐2003 TesOng NFIS in Mindanao
BAPCB-RBAP PARTNERSHIP
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• Internet Based / Accessible NaOonwide
• Automated matching process — TAT – within 5 minutes — Maybe enabled 24/7 operaOons
• Secured: Firewall protected, 128 bit SSL, User IDs and passwords, IP Locking, etc.
• Employ a world class name search engine
NFIS FEATURES
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• Provides Subscribers with a Data Management Module, “My Database” and “Messaging”
• New Features § Similar Names Inquired Previously (SNIP)
• Allows mulOple users per Subscriber
NFIS FEATURES
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• Average Daily Inquiries: 17,000 to 20,000 per day. • Rural Banks Inquiry ͌ less than 1%. • Compiled over 4.5 million records; CCC-‐62%, ADV-‐18%, CIH-‐6%, Court Cases-‐14%. • Rural Banks shared 50, 000 adverse records. • Processing fee reduced to P5/inquiry in 2011.
NFIS FAST FACTS
BAP Credit Bureau, Inc. - CONFIDENTIAL
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Total - 199 (as of June 07, 2012)
NFIS SUBSCRIBERS
*11 Inactive Rural Banks
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NFIS SUBSCRIBERS
YEAR ENROLLED RURAL BANKS
ACTIVE RURAL BANKS
INQUIRIES
2007 14 13 4,892 2008 15 13 12,370 2009 17 15 12,560 2010 34 22 10,248 2011 79 50 43,647
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• Provides System for NegaOve Data Sharing System within a Community of Credit Grantors.
• PosiOve CollecOon Results from Adverse Delinquent Accounts.
• Strengthen Credit Risk Management Process
BENEFITS TO RBs
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• Public awareness of the existence of the NFIS and its effect on their banking relaOonship.
• Borrowers are repaying their outstanding loan accounts to update their NFIS records in order to re-‐establish bank dealings and relaOonships.
• Borrowers with poor repayment history are agempOng to borrow from rural banks who are not NFIS subscribers.
OBSERVED TRENDS
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• Banks have automated their NFIS inquiry process, linking bank systems with the NFIS
• Quality of Reports on Adverse Loan accounts have improved in the past 2 years.
• Banks have incorporated the NFIS in their credit risk management process
• Adverse Loan reports reveal a growing number of negaOve data reported from the provinces.
TRENDS
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Thank You
BAP Credit Bureau, Inc. - CONFIDENTIAL