"Taking Credit to new heights"

Credit Information Bureau of Bhutan Ltd.

Your financial journey begins with us. We provide accurate, reliable and comprehensive credit information services that help you gain access to credit. Your Credit Information Report which contains your credit history is an essential document for facilitating an assessment of your creditworthiness and financial discipline by the banks and lending Institutions prior to approving your application for any type of loan.

Our Mission & Vision

Our Mission: To facilitate access to credit by people from all walks of life through proper credit information sharing amongst the FIs.

Our Vision: Taking credit to new heights by enabling financial institutions (FIs) to take more informed credit decisions and thereby minimizing adverse selection and improving the quality of assets of the FIs.

15

Years of Credit Reporting

What we do?

The CIB functions as the central repository of all credit data/credit history of individual and commercial borrowers. We collect, compile and consolidate loan/credit data for the purpose of assessing their creditworthiness of borrowers. The Lending Institutions provide information about loan repayments and other relevant information of borrowers to the CIB which are consolidated by CIB database system into separate files on every individual customer or business. It is an information sharing mechanism which helps to minimise the problem of asymmetric information between the Lending Institutions and the borrowers in the credit market.

No. of individuals covered by the CIB databases as of June 2024	275859
No. of companies covered by the CIB database as of June 2024	5897
Number of institutions providing information to the CIB as of June 2024	15
Number of searches made in a month (averaging across months) as of June 2024	11620
Number of ‘hit reports’ generated in a month (averaging across months) as of June 2024	9155

Credit worthiness assessment

A positive credit history suggests responsible financial behavior, making the person more likely to qualify for higher amount of loan at favourable interest rate.

Risk mitigation

The credit report helps lenders assess the creditworthiness of borrowers and thus mitigate credit risk by avoiding customers with poor credit history.

Financial Planning

Monitoring one's credit report allows individuals to track their financial health and identify areas to correct any errors.

Dispute resolution

Regularly checking your credit report allows you to identify inaccuracies or discrepancies and initiate the dispute resolution process to correct any errors.

Interest rate and loan terms

A strong credit history may lead to lower interest rates and better loan terms, saving borrowers money over time. Conversely, a poor credit history may result in higher interest rates or even rejection of loan applications.

Financial awareness and Education

By understanding how the use of credit can impact your financial life either positively or negatively, individuals can make more informed decisions regarding borrowing and spending.

Confidentiality of client information

Section 19 of CIB Rules and Regulations 2017 as issued by the Royal Monetary Authority of Bhutan states that "CIB shall protect the confidentiality of client information and shall only report or release such client information to:

(a) Authority (RMA)
(b) Other agency as per the law or based on order from the court
(c) Any other third party users subject to production of a written consent from the data subject concerned."

Our Address

Ground Floor,
NPPF Office Complex Building
(Below BPC Office)

Email: ciblcor@gmail.com

Tel: +975-2-339872/339877