CIC Aids in Strengthening Consumer Loan Practices in PH – S&P

MANILA, PHILIPPINES – 16 May 2018 – Establishment of Credit Information Corporation (CIC) made known as one of the factors for the upgrading of Banking Industry Country Risk Assessment (BICRA) of Philippines from Group '7' to Group '6'.

The Philippine Banking Sector has reached the Group '6' category from previously Group '7' in the recent BICRA assessment of Standard and Poor’s (S&P) due to the improvement of credit fundamentals, citing CIC for its perseverance to further strengthen the consumer loan practices in the Philippines.

Opportunities for Cooperatives on Access to Credit Data – CIC

MAKATI CITY – 05 April 2018 – CIC relate opportunities of cooperatives on access to credit data on the two-day compliance forum on BIR, DOLE, DTI, CISA and CDA for Cooperatives at Best Western Oxford Suites, Makati City.

Attended by 60 individuals representing micro, small, medium and large cooperatives, CIC Senior Vice President for Business and Development Group, Atty. Aileen L. Amor-Bautista, highlighted how vital for medium and large cooperatives to comply with the Credit Information System Act or CISA (R.A. 9510).

Deadline for submission of entries for the GETTING READY FOR CREDIT 2019 CALENDAR PHOTOGRAPHY CONTEST has been extended

GREETINGS!

The Credit Information Corporation is inviting you to join its 2019 Calendar Photography Contest!

As an adjunct to its mandate of being the country’s centralized and comprehensive credit information registry, the Credit Information Corporation (CIC) is also tasked to spread the significance of financial literacy to the general public and propound on the importance of the collection and access of credit information.

CREDIT INFORMATION CORPORATION (CIC) LAUNCHES “GETTING READY FOR CREDIT” PHOTOGRAPHY CONTEST

The Credit Information Corporation (CIC) would like to invite employees of its Submitting Entities, i.e., banks, financing companies, insurance companies, mutual benefit associations, credit card companies, micro-financing companies and government lending institutions to join the CIC’s first-ever Photography Contest, which revolves around the theme “Getting Ready for Credit”.

Winning entries not only get a chance to win cash prizes, but will also have their work featured in the CIC’s 2019 calendar.

The complete contest mechanics are as follows:

CIC Joins FINTQ's "Kasama Ka" Program Launch

The Credit Information Corporation (CIC) express support to the FINTQ's "Kasama Ka" program held at BSP Assembly Hall last 6th of September 2017.

Together with Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC) and other government and private institutions, they have expressed acknowledgment on Kasama Ka's digital referral system and its digital financial services that are both beneficial to borrowers and lenders.

 

CIC held Technical Workshop in Cebu

A total of 192 participants attended CIC's technical workshop as part of its campaign "Getting Ready for Credit" last 7th and 8th of September 2017 at the Radisson Blu Hotel in Cebu City.

The technical compliance workshop was attended by participants from cooperatives and rural banking sectors with the theme "Progressing to Credit Data Production" and included the participation of speakers; Dr. Mario B. Lamberte, Ph. D, and Mr. Enrique Abellana.

 

CREDIT INFORMATION CORPORATION (CIC) PRESIDENT AND CEO SPEAKS DURING 2017 REAL ESTATE EXPO MANILA

Credit Information Corporation (CIC) President and CEO Jaime Garchitorena was the first guest speaker on Day One of the 2017 Real Estate Expo Manila held in SMX Convention Center in Pasay City.

Speaking before a crowd of real industry experts and professionals early Thursday morning, August 10, 2017, Mr. Garchitorena enumerated the benefits of having a credit information system.  The local real estate sector is currently experiencing a boom in demand for both residential and commercial property.

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