ID :
134045
Wed, 07/21/2010 - 21:00
Auther :
Shortlink :
http://m.oananews.org//node/134045
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Vietnam 's first private credit information company
Hanoi (VNA) -- Vietnam 's first private credit information company, the
PCB, officially began providing services yesterday with more than 20 banks
committing to supply information.
On the day of its launch, the company also signed a strategic partnership
agreement with Italian CRIF SpA Group.
The company was established by the Private Credit Bureau Investment Joint Stock
Company (PCB). Its total charter capital of 50 billion VND (2.7 million USD) was
contributed by 11 Vietnamese commercial banks including ACB, ABBank, Vietinbank,
BIDV, Southeast Asia Bank, Techcombank, Vietcombank, SB, VIB, Vietbank and VPBank.
Le Thi Kim Nga, president of PCB's management board, said the banks contributed 70
percent of charter capital, while the Italian group owns 20 percent. The remainder
will be contributed by other strategic partners.
The company is expected to supply highly credible credit information about
individuals and organisations.
It will also help small-and-medium-sized enterprises (SMEs) and the private sector
access credit quickly and easily.
CRIF will provide experts and technical systems to the PCB to help the company
become Vietnam 's first international-standard private credit information
company.
Nga said the country had a population of more than 86 million and over 480,000
SMEs.
"However, only 5 percent of the population and 30 percent of the SMEs have engaged
in credit transactions with banks. This is a low rate in the region, as the rates
in Thailand and Malaysia are 70 to 80 percent," she said.
She added that a lack of reliable information made it impossible for credit
organisations to provide credit and manage their customers. CRIF was established
in 1988 and is currently managing credit information centres in Italy , the
Czech Republic , Slovakia and Hungary .
Under Government Decree 10/2010/ND-CP, a private credit centre can only be
established when at least 20 banks pledge to provide credit information to the
centre.
Therefore, Vietnam , with 51 commercial banks, can only have a maximum of two
centres excluding SBV's Credit Information Centre (CIC).-Enditem
PCB, officially began providing services yesterday with more than 20 banks
committing to supply information.
On the day of its launch, the company also signed a strategic partnership
agreement with Italian CRIF SpA Group.
The company was established by the Private Credit Bureau Investment Joint Stock
Company (PCB). Its total charter capital of 50 billion VND (2.7 million USD) was
contributed by 11 Vietnamese commercial banks including ACB, ABBank, Vietinbank,
BIDV, Southeast Asia Bank, Techcombank, Vietcombank, SB, VIB, Vietbank and VPBank.
Le Thi Kim Nga, president of PCB's management board, said the banks contributed 70
percent of charter capital, while the Italian group owns 20 percent. The remainder
will be contributed by other strategic partners.
The company is expected to supply highly credible credit information about
individuals and organisations.
It will also help small-and-medium-sized enterprises (SMEs) and the private sector
access credit quickly and easily.
CRIF will provide experts and technical systems to the PCB to help the company
become Vietnam 's first international-standard private credit information
company.
Nga said the country had a population of more than 86 million and over 480,000
SMEs.
"However, only 5 percent of the population and 30 percent of the SMEs have engaged
in credit transactions with banks. This is a low rate in the region, as the rates
in Thailand and Malaysia are 70 to 80 percent," she said.
She added that a lack of reliable information made it impossible for credit
organisations to provide credit and manage their customers. CRIF was established
in 1988 and is currently managing credit information centres in Italy , the
Czech Republic , Slovakia and Hungary .
Under Government Decree 10/2010/ND-CP, a private credit centre can only be
established when at least 20 banks pledge to provide credit information to the
centre.
Therefore, Vietnam , with 51 commercial banks, can only have a maximum of two
centres excluding SBV's Credit Information Centre (CIC).-Enditem
