913 banks, financial institutions benefit from Egyptian Credit Bureau’s services

The number of subscribers to the Egyptian Credit Bureau “I-Score” has reached 913 banks, companies, and microfinance institutions.

According to a Saturday statement by the company, the I-Score database was expanded to 18.6 million individuals and 415,000 small and medium enterprises (SMEs) at the beginning of December 2020.

I-Score maintains a database of credit information for SMEs and individual consumers. It obtained an operating license from the Central Bank of Egypt (CBE) in January 2008, and its primary work is to collect and classify the credit data of individuals and SMEs, according to the unified definition issued by CBE in order to issue the credit report and digital assessment.

I-Score database now holds almost 100% of the credit data of individuals and SMEs from commercial banks in Egypt, thus providing a clear indicator to the lending community.

Read More: https://dailynewsegypt.com/2020/12/20/913-banks-financial-institutions-benefit-from-egyptian-credit-bureaus-services/