Creditinfo designed a public credit registry system for Da Afghanistan Bank that was implemented in December 2013. The director general of the public credit registry department at DAB stated they are extremely satisfied with the implementation of the project to date. The system reduces risk for banks, enhances loan data quality, and accelerates the loan granting process while maintaining healthy competition. Creditinfo worked closely with DAB teams to enable an effective and efficient implementation process and has continued effective support to ensure the smooth running of the system. The public credit registry system was established to provide improved and quicker loan facilities while protecting banks and public investment in Afghanistan.

1. Creditinfo Group Höfðabakki 9 110 Reyjavik Iceland Tel: +354 550 9600 www.creditinfo.com info@creditinfo.com
Da Afghanistan Bank (DAB) extremely satisfied
with Creditinfo’s Public Credit Registry System
PRESS RELEASE March 2014
Creditinfo recently designed a system to record and analyse credit information for Da Afghanistan Bank
(DAB). The new system was implemented in December 2013, less than 9 months after the tender organised
by the Central Bank of Afghanistan (in cooperation with the World Bank, International Finance Corporation
(IFC) and Harakat Organization) was won by Creditinfo.
This is the first online Public Credit Registry (PCR) system launched in Afghanistan. Its purpose is to enhance
access to financial resources and loan facilities in Afghanistan. The system is also to be made available to
non-financial organisations such as telecom companies, insurance offices, judicial organisations and small
enterprises.
Director General for PCR Department of DAB, Mr. Nesar Ahmad Yosufzai recently stated
“PCR is extremely satisfied with the implementation of the PCR project to date. The PCR
system reduces risk for the banks, enhances loan data quality, and accelerates the
process in granting loans whilst maintaining healthy competition.
We believe one of the contributing factors to the successful implementation of the
project is the continued excellent working relationship we have with Creditinfo. In the
beginning, there were a number of productive working sessions which Creditinfo carried out in Kabul with the
DAB teams, enabling an effective and efficient implementation process. Since the launch in December,
Creditinfo have continued their effective support, ensuring the smooth running and management of the PCR.”
In the past decade, great progress has been made in the banking sector in Afghanistan, however the public
still faced challenges when getting loans due to a lack of a clear framework for the provision of loans. In
response to resolving this situation, the Central Bank established the PCR system for credit reporting, to
provide improved and quicker loan facilities whilst protecting banks and public investment.
DAB has called upon all the commercial banks to use the system to effectively manage loans and in turn,
improve the banking system. Each customer applying for a loan from a financial institute in Afghanistan
must register in the PCR system.
Businesses, properties and credit histories of those customers who seek loans, are registered through the
PCR system and shared with the banks and other financial institutions. This system is helping financial
institutions including banks and money exchangers to have enough online information about the customers
and their guarantors to make better informed decisions. The system is also paving the ground for banks to
embrace economic development and ensure the safety of public and bank assets throughout the country.
In line with these developments, the PCR team believes that usage of this system will significantly reduce
interest rates in near future.
Creditinfo would like to affirm their pleasure in being able to transfer knowledge and experience to DAB and
to be able to contribute to the establishment of stable financial sector in Afghanistan.
During the course of the last three years, Creditinfo have won five international bids to implement Credit
Bureau solutions, with combined values exceeding 10 million US Dollars. Creditinfo has vast experience in
the Credit Bureau business and in managing Credit Bureau projects in numerous countries.