CBC to issue commercial credit reporting

The  Credit   Bureau  of   Cambodia   (CBC)  is developing  commercial  credit  reporting  to  allow  its  members to  access  the credit  history  of commercial  enterprises.  To date, the CBC has only produced consumer credit reports, which give the personal credit history of individual  borrowers. The new product will make it easier for lenders to identify companies with outstanding debts, giving them a better understanding of their client creditworthiness and repayment capabilities.  According  to Oeur Sothearoath, CEO  of the CBC,  the new product is  set  to  go  on  trial  by the end of the year and is  scheduled  to  be fully functional  by the first  quarter of 2018. Working with 141 financial institutions in the country and more than five million borrowers, the CBC has generated over 13 million individual credit reports since it was established in 2012. (Source: Khmer Times)