Commercial banks will be able to turn to the online database of the Banking Risk Central Office (CRB) within the National Bank (NBR) to get two types of information: all Romanian banks' combined exposure to an individual person, and the situation concerning overdue credits over 7 years.
Moreover, the CRB will itself send monthly reports to each bank, consisting of information on all debtors the respective bank reported in a given month. This will include all available information concerning the loans or commitments between the debtor in question and all lending institutions, without, however, specifying the identity of the lending institutions in question.
At the same time, banks can solicit data concerning card fraud committed over, at most, the last seven years.
The exchange of information on banking risks will be performed electronically through the Interbank Communications Network. For information services, CRB will levy a certain commission.
As of yesterday, September 1st, the National Bank is directly monitoring all delays exceeding 30 days, irrespective of the sum, in the payment of loans contracted by individuals. This information will even concern sums lower than 200 million ROL, as well as details regarding card frauds committed by cardholders.
The monitoring will be performed through the Banking Risk Central Office. The rules governing the organisation and functioning of this institution have been recently modified, turning it into a genuine credit bureau.
"We do not plan to double the activities performed by the credit bureau. When the new institution starts functioning at full speed, with all banks participating in the maintenance of the database, including positive information, we will probably give up demanding reports regarding loans below 200 million ROL," Mihai Bogza, NBR vice-governor, told Ziarul Financiar.
He said that the NBR is thus offering commercial banks a complete service, until the credit bureau starts to operate at full capacity.
"We are trying to pressure the banks that did not want the database to also include a list of positive information. Practically, we are making the granting of loans much less bureaucratic and faster. The simple information, which says that someone soliciting a loan has outstanding payments is not much use, compared to the information that he or she has already contracted three loans that were paid back in time," Bogza stated.
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