Thailand Financial Inclusion in Thai Credit Bureau s View. by Surapol Opasatien - CEO National Credit Bureau Co., Ltd

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Thailand Financial Inclusion in Thai Credit Bureau s View. by Surapol Opasatien - CEO National Credit Bureau Co., Ltd. 20.03.2014"

Transcription

1 Thailand Financial Inclusion in Thai Credit Bureau s View by Surapol Opasatien - CEO National Credit Bureau Co., Ltd

2 Thai credit bureau was set up after 1997 Asian Financial Crisis, supported by IMF In Thailand, Credit Bureau (National Credit Bureau or NCB) collects credit information from Financial Loan agreement only. We neither collect utility payment nor telephone numbers of borrowers

3 Doing Business 2014 by World Bank Indicator DB 2013 Thailand Rank DB 2014 Thailand Rank Ease of Doing Business Rank st Rank in 2014 Singapore Indicator DB 2013 Thailand Rank DB 2014 Thailand Rank Getting Credit Rank st Rank in 2014 Malaysia Strength of legal rights index Depth of credit information index Public Credit Registry Coverage (% of adult) Private Credit bureau Coverage (% of adult)

4 Household Debt Increase vs Debt Service Ratio by National Survey Debt per household income (only household with debt) Q3 13, household debt per GDP was 80.1% Debt service ratio survey average = 34% Benchmark : household debt that may impact the economic growth is 85% per GDP Today 2014, Banks consider at this point = 40% Household income with debt (thousand baht/month) Total 9.5 No. of household with debt (million) Source: NESDB Symposium 2013, analyze by SCB EIC Source: K-Research and Bank of Thailand

5 Credit Analysis Process Before and After Asian Financial Crisis 1997 Board Board Before crisis Roles and Responsibilities Today Roles and Responsibilities Risk Management Committee Credit Policy Customer acquisition Credit review and approval Operation after credit authorization Credit Policy Headquarters Branches - Analyze and review credit by themselves - Relationshipbased pricing Customer acquisition Credit review and approval Operation after credit authorization Relationship managers Sales team/branches Customer information Headquarters - Analyze credit using tools such as credit rating and credit scoring - Credit reviewing committee decides on large loans - Formula-based pricing with RAROC Headquarters/ Regional centers Source: Triratvorakul and Vacharachais, 2006

6 Enquiry Transaction of Consumer System (Y2011-Y2013) 7,000,000 6,000,000 Household Debt Impact 5,000,000 4,000,000 Worst Flood Crisis 3,000,000 2,000,000 1,000,000 0 New Loan Approval Review Existing Customers

7 Big picture of #accounts as of Y2013 classified by Product Type Total population in Thailand 67 Mil. people 25 Mil.customer from 78 members of Credit Bureau 70.7 Mil.accounts from 78 members of Credit Bureau 24 Mil.accounts : close + keep records by legal required 46.7 Mil.accounts : active + not closing *Population of age group (Work force) = 44,787, mil. in municipal area 23.7 mil. in non-municipal area *Source: The 2010 Population and Housing Census, National Statistical Office, Ministry of Information and Communication Technology Product #Accounts Y2013 YoY growth Credit Card 16,768,975 10% Personal Loan 13,984,992 11% Auto Loan 5,971,416 18% Housing Loan 2,693,638 5% OD 4,439,960 10% Others 2,873,586 16% TOTAL 46,732,567 11%

8 Number of New Open Accounts (Y2011-Y2013) 3,500,000 3,000, mil. Acc. 8.7 mil. Acc. 8.5 mil. Acc. 2,500,000 Accounts 2,000,000 1,500,000 First Car Program Housing Loan Credit Card Auto Loan Personal Loan OD 1,000,000 Others 500,

9 Consumer database from Credit Bureau %Growth of account classified by delinquency (Number of Account view) 50.00% %Growth YoY by Delinquency Q HH.Debt 80.1% of GDP 40.00% 30.00% 20.00% Q HH.Debt 77.6% of GDP Special mention Account 10.00% 0.00% NPL or Bad Account % Q4/2011 vs Q4/2012 Q1/2012 vs Q1/2013 Q2/2012 vs Q2/2013 Q3/2012 vs Q3/2013 Q4/2012 vs Q4/2013 Normal 11.58% 11.97% 11.46% 10.52% 10.33% Days -6.11% 19.13% 24.56% 39.56% 33.45% >90 Days -2.43% 5.61% 6.49% 9.42% 10.72% Note : All active account (not distinguish co-borrowers)

10 Special Mention Monitoring 400,000 #Accounts Overdue Days by Product Types Accounts 350, , , , , ,000 50,000 Housing Loan Credit Card Auto Loan Personal Loan 160,000,000, ,000,000, ,000,000,000 0 Y2010 Y2011 Y2012 Y2013 Outstanding (baht) of Accounts Overdue Days by Product Types Baht 100,000,000,000 80,000,000,000 60,000,000,000 40,000,000,000 20,000,000,000 Housing Loan Credit Card Auto Loan Personal Loan 0 Y2010 Y2011 Y2012 Y2013

11 Credit Bureau s Role toward Financial Inclusion To members (financial institutions) Provide credit information of individuals and companies for professional credit analysis Provide statistic report as a risk management tools To public Warning alert about the increasing of bad debt Educate people about Financial Literacy: creditworthiness, over-indebtedness, and saving

12 Credit Bureau Vision Not only data provider, but we aim to be Financial Infrastructure for Credit risk Governance in Thailand Early warning for Debt Tsunami Enhance credit risk capability for Financial Institution; provide value-added services Excellent standard Credit Bureau: Data quality, Confidentiality, Integrity, Availability Supporting tool for Financial literacy: creditworthiness education High performance organization; small organization with big specialist (90 staffs)

13 Challenges of Thai Financial Inclusion Low income group Accessibility Over-indebtedness Financial Inclusion Financial Institution Speed Convenience Responsible Lending Government and Related Parties Intervene market mechanism; 1 st car / 1 st house program Financial Literacy

14 Surapol Opasatien Chief Executive Officer Tel: Fax:

Performance of the Thai Banking System in the First Quarter of 2015

Performance of the Thai Banking System in the First Quarter of 2015 No. 26/2 Performance of the Thai Banking System in the First Quarter of 2 Mr. Jaturong Jantarangs, Senior Director, Financial Institutions Policy Group, reported the Thai banking system s performance in

More information

The Future Growth of Stocks and Investments in Thailand

The Future Growth of Stocks and Investments in Thailand 35 th Bangkok International Motor Show 2014 The Future Growth of Stocks and Investments in Thailand Mr. Charamporn Jotikasthira President The Stock Exchange of Thailand March 2014 I. SET: Overview The

More information

2 nd Quarter, 2012 Results ANALYST MEETING, 27 JULY, 2012

2 nd Quarter, 2012 Results ANALYST MEETING, 27 JULY, 2012 2 nd Quarter, 2012 Results ANALYST MEETING, 27 JULY, 2012 Agenda Page 1. Review of Result 2Q12 3-19 2. Future Positioning 21-25 3. 2012 Targets 27 IMPORTANT DISCLAIMER: Information contained in this document

More information

Nationwide Motorcycle Title Loan Leader. Financial Advisor and Lead Underwriter 1

Nationwide Motorcycle Title Loan Leader. Financial Advisor and Lead Underwriter 1 Nationwide Motorcycle Title Loan Leader Financial Advisor and Lead Underwriter 1 Financial Highlights Unit: MB 2Q14 2Q15 YoY % 1Q15 QoQ New Loan Amount 3,58 4,76 53.89% 3,73 26.17% Total Revenue 446 583

More information

Value of information

Value of information 5th FINANCIAL INFRASTRUCTURE AND RISK MANAGEMENT TRAINING Value of information Mohamed Refaat El-Houshi,MBA Managing Director I-Score Egypt Rabat - 22-25 September, 2014 Session 2. 1 Presentation Content

More information

Consumer credit in the Philippines

Consumer credit in the Philippines Consumer credit in the Philippines Winecito L Tan 1 Retail banking in the Philippines is still nascent, with consumer loans accounting for only about 10% of total bank lending and less than 5% of GDP.

More information

Review of 1 st Quarter, 2012

Review of 1 st Quarter, 2012 Review of 1 st Quarter, 2012 ANALYST MEETING, 26 APRIL, 2012 Deepak Sarup, CFO Agenda Page 1. Review of Result 1Q12 3-17 2. Future Positioning 19-23 3. 2012 Targets 25 IMPORTANT DISCLAIMER: Information

More information

ABHISHEK AGARWAL. Financial Fitness Report

ABHISHEK AGARWAL. Financial Fitness Report ABHISHEK AGARWAL Financial Fitness Report The Big Picture Over 93 banks and lending institutions in India submit your credit payment performance data to Credit Information Companies commonly known as Credit

More information

Member Profile. ASSOFIN Associazione Italiana del credito al consumo e immobiliare

Member Profile. ASSOFIN Associazione Italiana del credito al consumo e immobiliare Associazione Italiana del credito al consumo e immobiliare NOTE: Sources and definitions are provided in the accompanying supplemental document Italian economic context 2013 2014 Population 1 (millions

More information

Session 7: Big Data: Friend or Enemy for Financial Inclusion. AFI Bangkok 27 July 2012 Page 1

Session 7: Big Data: Friend or Enemy for Financial Inclusion. AFI Bangkok 27 July 2012 Page 1 Session 7: Big Data: Friend or Enemy for Financial Inclusion AFI Bangkok 27 July 2012 Page 1 Measuring Access Title of Presentation to Finance in Belarus ECA Regional Forum on Financial AFI Bangkok 27

More information

Part I Non-Bank Financial Institutions

Part I Non-Bank Financial Institutions Development of Non-Bank Consumer Financial Business in Thailand and Policy Recommendation: The Case Study of Personal Loan Companies Chodechai Suwanaporn Fiscal Policy Office, Ministry of Finance Part

More information

CREDIT BUREAUS AND FINANCIAL CO-OPERATIVES: TIME TO JOIN THE BANDWAGON?

CREDIT BUREAUS AND FINANCIAL CO-OPERATIVES: TIME TO JOIN THE BANDWAGON? CREDIT BUREAUS AND FINANCIAL CO-OPERATIVES: TIME TO JOIN THE BANDWAGON? Agenda Introduction Role of credit bureaus Definition of a credit bureau Solving the challenge of asymmetric information Contributors

More information

Asian Seminar on Financial Literacy & Inclusion

Asian Seminar on Financial Literacy & Inclusion Asian Seminar on Financial Literacy & Inclusion Financial Education on Credit 11 September 2012 Koid Swee Lian, CEO Credit Counselling & Debt Management Agency (AKPK) 1 Malaysia Economic Statistics 2010

More information

Standard Chartered and Dun & Bradstreet unveil Singapore s top 100 small businesses

Standard Chartered and Dun & Bradstreet unveil Singapore s top 100 small businesses Standard Chartered and Dun & Bradstreet unveil Singapore s top 100 small businesses Almost 5 in 10 Singaporean companies doubled net profit in the last financial year; about 9 in 10 Singaporean companies

More information

Small Business Summit 2011. www.cba.co.za

Small Business Summit 2011. www.cba.co.za Small Business Summit 2011 THE BUSINESS OF CREDIT BUREAUX AND SMMEs REALITY Credit built into modern economic infrastructures Responsible access to credit dependent on sound risk and affordability assessment

More information

Borrowing Realities. Student Loans And Credit: An Overview 4/17/2015. Agenda

Borrowing Realities. Student Loans And Credit: An Overview 4/17/2015. Agenda Student Loans And Credit: An Overview 04.12.20 Jacquie Carroll Agenda 2 Borrowing realities Credit reports and scores Student loan and credit card impact Conversation and best practices for student education

More information

Terms and Conditions of Citibank PayLite : Monthly Installment Plan

Terms and Conditions of Citibank PayLite : Monthly Installment Plan Terms and Conditions of Citibank PayLite : Installment Plan I accept and understand that by having entered into a monthly installment plan (Citibank PayLite) of CitiBank, Bangkok Branch, I shall be deemed

More information

Thailand s Home Mortgage Market

Thailand s Home Mortgage Market Khan Prachuabmoh, President Government Housing Bank Thailand 25 th Anniversary Celebration International Housing Financing Program The Wharton School, University of Pennsylvania June 18, 2010 1 Brief overview

More information

Development of the Corporate Credit Information Database and Credit Guarantee System

Development of the Corporate Credit Information Database and Credit Guarantee System Development of the Corporate Credit Information Database and Credit Guarantee System Hachinohe University Research Institute, Japan; University of Malaya, Malaysia; De La Salle University, Philippines;

More information

Student Loans And Credit: An Overview

Student Loans And Credit: An Overview /16/20 Student Loans And Credit: An Overview.14.20 Jacquie Carroll, Ed.D., AFC, Engagement & Education Consultant Agenda 2 Borrowing realities Credit reports and scores Student loan and credit card impact

More information

REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand

REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand I. Structure of the insurance industry A. Number of companies Since 1982,

More information

Understanding the Model: The Life Cycle of a Debt 1

Understanding the Model: The Life Cycle of a Debt 1 Understanding the Model: The Life Cycle of a Debt 1 Life of a Debt: Data Integrity in Debt Collection An FTC CFPB Roundtable June 6, 2013 Robert M. Hunt, PhD Vice President and Director Payment Cards Center

More information

" BML KIYAVAA" (EDUCATION LOAN) APPLICATION CUM APPRIASAL FORM. Enhancement of existing student loan

 BML KIYAVAA (EDUCATION LOAN) APPLICATION CUM APPRIASAL FORM. Enhancement of existing student loan " BML KIYAVAA" (EDUCATION LOAN) APPLICATION CUM APPRIASAL FORM Surname Full names Permanent address BML customer No. Account opening date National ID card Title New student loan Enhancement of existing

More information

+ Auto Loans & Services + Connecting ALL Your Auto Needs.

+ Auto Loans & Services + Connecting ALL Your Auto Needs. + Auto Loans & Services + Connecting ALL Your Auto Needs. Find it Finance it Insure it Love it Love your car and how you get it. Whether you re looking to buy, fi nance, refi nance or insure, we ve got

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

THE MAURITIUS CREDIT INFORMATION BUREAU. An Information Booklet

THE MAURITIUS CREDIT INFORMATION BUREAU. An Information Booklet THE MAURITIUS CREDIT INFORMATION BUREAU An Information Booklet November 2005 THE MAURITIUS CREDIT INFORMATION BUREAU ONE OF THE GREATEST DISSERVICE YOU CAN DO TO A MAN IS TO LEND HIM MONEY THAT HE CAN

More information

Thailand s National Education Accounts (NEA)

Thailand s National Education Accounts (NEA) Thailand s National Education Accounts (NEA) by Quality Learning Foundation Thammasat University National Economic and Social Development Board (NESDB) 1 Presenting Issues Brief Background about Thai education

More information

The Preparation of AEC Integration-Opportunities and Challenges for Business

The Preparation of AEC Integration-Opportunities and Challenges for Business The Preparation of AEC Integration-Opportunities and Challenges for Business Access to finance -How to easily obtain capital for business: Start-up and operation? Mean Channarith, Senior Manager of Credit

More information

Consumer Over-indebtedness and Financial Vulnerability: Evidence from Credit Bureau Data

Consumer Over-indebtedness and Financial Vulnerability: Evidence from Credit Bureau Data KDI International Conference on Household Debt from an International Perspective: Issues and Policy Directions Consumer Over-indebtedness and Financial Vulnerability: Evidence from Credit Bureau Data By

More information

Use of Consumer Credit Data for Statistical Purposes: Korean Experience

Use of Consumer Credit Data for Statistical Purposes: Korean Experience Use of Consumer Credit Data for Statistical Purposes: Korean Experience Byong-ki Min October 2014 Abstract For some time, the Bank of Korea has sought to obtain micro data that can help us to analyze our

More information

Management's Responsibility for the Financial Statements

Management's Responsibility for the Financial Statements AIRA Factoring Public Company Limited Report and financial statements 31 December 2012 Independent Auditor's Report To the Shareholders of AIRA Factoring Public Company Limited I have audited the financial

More information

Developing the SME financing Ecosystem

Developing the SME financing Ecosystem Developing the financing Ecosystem Introduction s are a critical component of the Malaysian economy, contributing a third of gross domestic product (GDP) and providing job opportunities to more than four

More information

LESSON 7 -- CREDIT REPORTS AND CREDIT SCORES

LESSON 7 -- CREDIT REPORTS AND CREDIT SCORES LESSON 7 -- CREDIT REPORTS AND CREDIT SCORES LESSON DESCRIPTION AND BACKGROUND Using the Better Money Habits video What s the Difference Between a Credit Report and a Credit Score? (www.bettermoneyhabits.com),

More information

The Credit Card Report May 4 The Credit Card Report May 4 Contents Visa makes no representations or warranties about the accuracy or suitability of the information or advice provided. You use the information

More information

Notification of Ministry of Finance Re: Rules, Procedures, and Conditions for Establishing a Commercial Bank

Notification of Ministry of Finance Re: Rules, Procedures, and Conditions for Establishing a Commercial Bank (Unofficial Translation)* Notification of Ministry of Finance Re: Rules, Procedures, and Conditions for Establishing a Commercial Bank By virtue of the provisions of Section 5 of the Commercial Banking

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Thailand Insurance Sector

Thailand Insurance Sector Brochure More information from http://www.researchandmarkets.com/reports/606283/ Thailand Insurance Sector Description: Thailand is the 2nd largest economy in Southeast Asia, after Indonesia. It ranks

More information

ASEAN Capital Market Integration and Lessons from the European Union

ASEAN Capital Market Integration and Lessons from the European Union ASEAN Capital Market Integration and Lessons from the European Union 44 th IAFEI World Congress: Global Recovery Amidst Reforms Makati Shangri-la 16 October 2014 Thiam Hee Ng, Senior Economist Asian Development

More information

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited)

Dhanamitr Factoring Public Company Limited (Formerly: Dhanamitr Factoring Company Limited) Annual financial statements and Audit report of Certified Public Accountant For the years ended 31 December 2005 and 2004 DHANA MITR FACTORING COMPANY LIMITED Notes to Financial Statements (Continued)

More information

YE08 Consolidated Financial Results. February 13, 2009

YE08 Consolidated Financial Results. February 13, 2009 YE08 Consolidated Financial Results February 13, 2009 1 We support our strategy with strong risk management Proven risk management track record and the highest credit ratings given to a bank in Turkey

More information

Credit Guarantees for Small Business Lending

Credit Guarantees for Small Business Lending Credit Guarantees for Small Business Lending -Experiences of a small business credit guarantee company Contents Importance of SMEs in the Chinese economy SMEs current access to finance Current status of

More information

Consumer Credit Trends Key Learnings and Conclusions

Consumer Credit Trends Key Learnings and Conclusions Consumer Credit Trends Key Learnings and Conclusions 1 Ray Towler Convicted of rape in 1981 Served 29 years in prison Released from Jail in 2010 as the result of DNA Evidence 2 AGENDA Do we see a shift

More information

Member Profile. ANFH Finansieringsselskapenes Forening The Association of Norwegian Finance Houses

Member Profile. ANFH Finansieringsselskapenes Forening The Association of Norwegian Finance Houses Finansieringsselskapenes Forening The Association of Norwegian Finance Houses NOTE: Sources and definitions are provided in the accompanying supplemental document Norwegian economic context 2013 2014 Population

More information

COLLECTION OF STATISTICAL RETURNS FOR UNSECURED CREDIT FACILITIES

COLLECTION OF STATISTICAL RETURNS FOR UNSECURED CREDIT FACILITIES MAS Notice 760 29 November 2013* Last revised on 27 May 2015 NOTICE TO BANKS BANKING ACT, CAP 19 COLLECTION OF STATISTICAL RETURNS FOR UNSECURED CREDIT FACILITIES Introduction 1 This Notice is issued pursuant

More information

Corporate Credit Rating System Scope Document

Corporate Credit Rating System Scope Document Co-create. Innovate. Win. Corporate Credit Rating System Scope Document 1. EXECUTIVE SUMMARY 1 1.1 Introduction 1 1.2 Credit Rating and Basel II Compliance 1 1.3 Ramco Roadmap in Enabling Basel II Compliance

More information

20 April 2006. To Manager All Commercial Banks*

20 April 2006. To Manager All Commercial Banks* Unofficial Translation by the courtesy of The Foreign Banks' Association This translation is for the convenience of those unfamiliar with the Thai language. Please refer to the Thai text for the official

More information

Measuring banking sector development

Measuring banking sector development Financial Sector Indicators Note: 1 Part of a series illustrating how the (FSDI) project enhances the assessment of financial sectors by expanding the measurement dimensions beyond size to cover access,

More information

SEB s Swedish Residential Mortgage Lending and Covered Bonds. Stockholm September, 2013

SEB s Swedish Residential Mortgage Lending and Covered Bonds. Stockholm September, 2013 SEB s Swedish Residential Mortgage Lending and Covered Bonds Stockholm September, 2013 Contents SEB s Residential Mortgage Lending p.3 Asset Quality p.19 Cover Pool and Covered Bond Funding p.24 2 SEB

More information

ASIAN PORTFOLIO INVESTMENT ADVISORY

ASIAN PORTFOLIO INVESTMENT ADVISORY ASIAN PORTFOLIO INVESTMENT ADVISORY This Asian Portfolio Investment Advisory service is set up to assist international financial advisory and planning organizations to create dedicated Asian investment

More information

+ Credit Cards & Personal Loans + Lending a hand when you need it.

+ Credit Cards & Personal Loans + Lending a hand when you need it. + Credit Cards & Personal Loans + Lending a hand when you need it. Banking that is truly rewarding. Shouldn t banking be a rewarding experience? We think so. With Align s CURewards, automatically earn

More information

AIA Launches AIALINK The First Unit Linked in Thailand Offering life protection coverage and creating more investment possibilities for policyholders

AIA Launches AIALINK The First Unit Linked in Thailand Offering life protection coverage and creating more investment possibilities for policyholders Press Release AIA Launches AIALINK The First Unit Linked in Thailand Offering life protection coverage and creating more investment possibilities for policyholders Bangkok, 10 February 2009: American International

More information

Understanding Credit and the Types of Interest Rates that Affect Your Loans

Understanding Credit and the Types of Interest Rates that Affect Your Loans Understanding Credit and the Types of Interest Rates that Affect Your Loans Presented By: Barbara Hume, Senior Assistant General Manager, NCB Retail Banking Division Why Borrow? To increase your capacity

More information

Personal Financial Literacy 2014. Florida Department of Education Instructional Materials Correlation Finance Course 8850100

Personal Financial Literacy 2014. Florida Department of Education Instructional Materials Correlation Finance Course 8850100 A Correlation of Personal Financial Literacy 2014 To the Florida Department of Education Instructional Materials Correlation Finance Course 8850100 CORRELATION FLORIDA DEPARTMENT OF EDUCATION INSTRUCTIONAL

More information

The growth of consumer credit in Asia

The growth of consumer credit in Asia The growth of consumer credit in Asia by Dong He, Effie Yao and Kim-hung Li of the External Department Consumer credit has shown strong growth in emerging and newly industrialised Asian economies in recent

More information

Credit Card Business in Macao and Its Credit Risk Management

Credit Card Business in Macao and Its Credit Risk Management Credit Card Business in Macao and Its Credit Risk Management P.S. Un Research and Statistics Department, Monetary Authority of Macao Abstract Credit card holdings and loans have experienced rapid growth

More information

CLEARING AND SETTLEMENT SYSTEMS GENERAL ISSUES AND THE PHILIPPINE CASE. Mario B. Lamberte Philippine Institute for Development Studies

CLEARING AND SETTLEMENT SYSTEMS GENERAL ISSUES AND THE PHILIPPINE CASE. Mario B. Lamberte Philippine Institute for Development Studies CLEARING AND SETTLEMENT SYSTEMS GENERAL ISSUES AND THE PHILIPPINE CASE Mario B. Lamberte Philippine Institute for Development Studies ASEAN DEBT SECURITIES Figure 1 Outstanding Total Debt Securities in

More information

Higher Returns in Fixed-Income Investments Investing in Consumer Notes. Renaud Laplanche Founder and CEO. Copyright 2009, Lending Club, Inc.

Higher Returns in Fixed-Income Investments Investing in Consumer Notes. Renaud Laplanche Founder and CEO. Copyright 2009, Lending Club, Inc. Higher Returns in Fixed-Income Investments Investing in Consumer Notes Renaud Laplanche Founder and CEO Copyright 2009, Lending Club, Inc. What We ll Cover Today Investing in Consumer Notes How Lending

More information

MicroFinancialOrganization

MicroFinancialOrganization 2011 MicroFinancialOrganization December 2011 LTD MFO Capital Credit Content Business Plan 1. Index of tables and figures 1.1.Georgia........................................................................

More information

Credit Bureau Development in Thailand

Credit Bureau Development in Thailand Credit Bureau Development in Thailand Presented to The Conference On Credit Bureau Development in South Asia Colombo, Sri Lanka May 10-11, 2004 By Mr. Samma Kitsin President Thai Credit Bureau Co., Ltd.

More information

BAD DEBT SETTLEMENT - CRITICAL ISSUES IN BANK RESTRUCTURING IN VIETNAM I. Analytical framework overview 1. Theoretical consideration 1.1.

BAD DEBT SETTLEMENT - CRITICAL ISSUES IN BANK RESTRUCTURING IN VIETNAM I. Analytical framework overview 1. Theoretical consideration 1.1. BAD DEBT SETTLEMENT - CRITICAL ISSUES IN BANK RESTRUCTURING IN VIETNAM I. Analytical framework overview 1. Theoretical consideration 1.1. Concept A bad debt or non-performing loan (NPL) can be understood

More information

THAILAND LIFE INSURANCE BUSINESS. Mrs. Busara Ungphakorn Executive Director The Thai Life Assurance Association

THAILAND LIFE INSURANCE BUSINESS. Mrs. Busara Ungphakorn Executive Director The Thai Life Assurance Association THAILAND LIFE INSURANCE BUSINESS Mrs. Busara Ungphakorn Executive Director The Thai Life Assurance Association 1 1.No. of Insurance companies Companies Local companies Foreign companies Total Life insurance

More information

Development of Corporate Credit Information Database. and. Credit Guarantee System

Development of Corporate Credit Information Database. and. Credit Guarantee System Development of Corporate Credit Information Database and Credit Guarantee System Small Business Credit Guarantee Corporation (SBCG) Thailand March 2009 (Final Report) Executive Summary In spite of SME

More information

The Credit Bureau. www.pma.ps

The Credit Bureau. www.pma.ps The Credit Bureau www.pma.ps A Establishment of the Credit Bureau As part of its aspirations to develop working mechanisms and related supervisory instruments to be in line with international best practices,

More information

The Good Credit Game Alignment with Financial Education National Standards

The Good Credit Game Alignment with Financial Education National Standards The Good Credit Game Alignment with Financial Education National Standards There are a number of national standards for teaching personal finance and financial literacy. Many of the learning objectives

More information

Colloquium on microfinance

Colloquium on microfinance Harnessing the power of credit reporting systems UNCITRAL Colloquium on microfinance Vienna, 18 th January 2013 FABRIZIO FRABONI Responsible Finance The Counter Balance More than 2.7 billion people and

More information

Debunking Student Loan Headlines

Debunking Student Loan Headlines Debunking Student Loan Headlines Presented by Jillian Gajtka Saturday, June 11, 2016 11:15 a.m. Student Loan Debt 2 Recent Headlines 3 Headlines crisis bubble 4 Student Loan Jeopardy What percentage of

More information

EBA Consultation Draft Guidelines on creditworthiness assessment under the Mortgage Credit Directive

EBA Consultation Draft Guidelines on creditworthiness assessment under the Mortgage Credit Directive EBA Consultation Draft Guidelines on creditworthiness assessment under the Mortgage Credit Directive BEUC RESPONSE Contact: Financial Services Team financialservices@beuc.eu Ref.: BEUC-X-2015-013 - 12/02/2015

More information

China Merchants Bank Co., Ltd. 2013 Annual Results Announcement

China Merchants Bank Co., Ltd. 2013 Annual Results Announcement China Merchants Bank Co., Ltd. 2013 Annual Results Announcement Forward-Looking Statement Disclaimer This presentation and subsequent discussions may contain forward-looking statements that involve risks

More information

What is a Credit Score and, how does it affect me? Having a Good Credit Score has never been more Important than now

What is a Credit Score and, how does it affect me? Having a Good Credit Score has never been more Important than now What is a Credit Score and, how does it affect me? Although they are closely related, credit reports and credit scores are two completely different things. Credit scores are typically three-digit numbers

More information

Q & A Regional Operating Headquarter

Q & A Regional Operating Headquarter 1 Q & A Regional Operating Headquarter What is ROH? Regional Operating Headquarters or ROH is a juristic company incorporated in Thailand providing managerial, administrative and technical services as

More information

Getting Credit Credit Bureau Questionnaire «Survey_Economy» www.doingbusiness.org

Getting Credit Credit Bureau Questionnaire «Survey_Economy» www.doingbusiness.org Getting Credit Credit Bureau Questionnaire «Survey_Economy» www.doingbusiness.org Dear «FirstName» «LastName», We would like to thank you for your participation in the Doing Business project. Your expertise

More information

Challenges for Capital Market Development in Asia

Challenges for Capital Market Development in Asia Challenges for Capital Market Development in Asia Osaka, 30 October 2014 Masamichi Kono Vice Minister for International Affairs President, Asian Financial Partnership Center Financial Services Agency,

More information

Senior Loan Officer Opinion Survey on Credit Market Conditions

Senior Loan Officer Opinion Survey on Credit Market Conditions Senior Loan Officer Opinion Survey on Credit Market Conditions Part 1 - Corporates Questions 1 through 7 ask about the lending policies applied to for corporate customers at your bank and corporate loan

More information

Small Business Credit Guarantee Corporation Thailand. Miss Yanee Ruamragsa

Small Business Credit Guarantee Corporation Thailand. Miss Yanee Ruamragsa Workshop on SME Credit Guarantee Systems in Asia-Pacific Region ( June 16 18 2010, Hangzhou, P.R. China ) Small Business Credit Guarantee Corporation Thailand Miss Yanee Ruamragsa Mr. Siripong i Pansanit

More information

Is there a credit bureau in Guyana? There is one credit bureau in Guyana at this time. The name of the credit bureau is Creditinfo (Guyana) Inc.

Is there a credit bureau in Guyana? There is one credit bureau in Guyana at this time. The name of the credit bureau is Creditinfo (Guyana) Inc. What is a credit bureau? A credit bureau is an entity that collects credit information from lenders and information from other sources on a consumer, processes that information and creates comprehensive

More information

MANAGING CREDIT101 TM %*'9 [[[ EPXEREJGY SVK i

MANAGING CREDIT101 TM %*'9 [[[ EPXEREJGY SVK i MANAGING CREDIT101 TM i This book is intended as a general guide to the topics discussed, and it does not deliver accounting, personal finance, or legal advice. It is not intended, and should not be used,

More information

Government Finance Statistics IMF Statistics Department. Consolidation

Government Finance Statistics IMF Statistics Department. Consolidation Government Finance Statistics IMF Statistics Department Consolidation 1 Contents of Lecture What is consolidation? Why consolidation? What to consolidate? Some problem areas Social contributions by government

More information

The Economic Impact of Small Business Credit Guarantee

The Economic Impact of Small Business Credit Guarantee June 2006 TDRI Quarterly Review 17 The Economic Impact of Small Business Cred Guarantee Chaiyas Anuchworawong Thida Intarachote Pakorn Vichyanond* 1. INTRODUCTION After the 1997 financial crisis, the Thai

More information

The Importance of Good Credit

The Importance of Good Credit The Importance of Good Credit 1 Introduction The importance of good credit What is credit? The importance of credit history when applying for a loan How to build and maintain good credit Credit and its

More information

Frankfurt, June 5th 2009. Goldman Sachs European Financials Conference Mr. Roberto Higuera, CEO

Frankfurt, June 5th 2009. Goldman Sachs European Financials Conference Mr. Roberto Higuera, CEO Frankfurt, June 5th 2009 Goldman Sachs European Financials Conference Mr. Roberto Higuera, CEO Disclaimer This presentation has been prepared by Banco Popular solely for purposes of information. It may

More information

Harbin Bank s Featured Road to Inclusive Finance

Harbin Bank s Featured Road to Inclusive Finance Harbin Bank s Featured Road to Inclusive Finance Ms. Sun Jiawei, Assitant President of Harbin Bank 2014 August 6th Sun Jiawei, is the assistant president of Harbin Bank, standing director of China Association

More information

Understanding your Credit Score

Understanding your Credit Score Understanding your Credit Score Understanding Your Credit Score Fair, Isaac and Co. is the San Rafael, California Company founded in 1956 by Bill Fair and Earl Isaac. They pioneered the field of credit

More information

ACCIS Association of Consumer Credit Information Suppliers

ACCIS Association of Consumer Credit Information Suppliers 1/6 ACCIS Association of Consumer Credit Information Suppliers ACCIS Response to Financial Services User Group (FSUG) Position Paper on the London Economics Study on Means to Protect Consumers in Financial

More information

Standard 7: The student will identify the procedures and analyze the 3 responsibilities of borrowing money.

Standard 7: The student will identify the procedures and analyze the 3 responsibilities of borrowing money. TEACHER GUIDE 7.3 BORROWING MONEY PAGE 1 Standard 7: The student will identify the procedures and analyze the 3 responsibilities of borrowing money. Your Credit Score Priority Academic Student Skills Personal

More information

Caribbean Credit Bureau

Caribbean Credit Bureau Caribbean Credit Bureau Is it a Panacea for the Caribbean Loan Delinquency Issue? Grady Clarke Chief Executive Officer Caribbean Credit Bureau www.ccbl.info Increasing the Profitability of Credit Response

More information

The 22nd Conference of Asian Credit Supplementation Institution Confederation November 9 13, 2009 Taipei, Taiwan (R.O.C.

The 22nd Conference of Asian Credit Supplementation Institution Confederation November 9 13, 2009 Taipei, Taiwan (R.O.C. Questionnaire on Credit Supplementation System & the 22nd ACSIC Conference s Theme Please send this form via email by July 15, 2009 to: The Secretariat The 22nd ACSIC Conference Small & Medium Enterprise

More information

POLISH LOAN GUARANTEE SYSTEM

POLISH LOAN GUARANTEE SYSTEM POLISH LOAN GUARANTEE SYSTEM 1 SME in Polish Economy 99.78% of all enterprises 96.28% of them are micro-enterprises generate of 49.4% of GDP employ 66.4% of all working people have 64.2% share in sale

More information

ISBANK EARNINGS PRESENTATION 2016 Q1

ISBANK EARNINGS PRESENTATION 2016 Q1 ISBANK EARNINGS PRESENTATION 2016 Q1 2016 Q1 Recent Developments in the Economy Binler Global Outlook Main Indicators of Turkey US EA Moderate expansion in the US economy Solid labor market data Still

More information

"I learned so much about credit scores since then," Rebecca Walker, 29, said of the 2003 experience.

I learned so much about credit scores since then, Rebecca Walker, 29, said of the 2003 experience. New credit-score method forgiving By David Migoya The Denver Post (The Denver Post) A glitch on Carl Walker's credit report an uncollected medical bill that wasn't even his popped up just 10 days before

More information

Volume Author/Editor: John M. Chapman and associates. Volume URL: http://www.nber.org/books/chap40-1

Volume Author/Editor: John M. Chapman and associates. Volume URL: http://www.nber.org/books/chap40-1 This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Commercial Banks and Consumer Instalment Credit Volume Author/Editor: John M. Chapman and

More information

Alternative Data to Develop Credit Scores

Alternative Data to Develop Credit Scores Alternative Data to Develop Credit Scores The U.S. experience towards bridging the information gap and creating an equitable lending environment Chet Wiermanski 2006 TransUnion LLC All Rights Reserved

More information

Household Financial Services

Household Financial Services Household Financial Services Products, Supervision & Consumer Protection Financial Liabilities and Assets of the Household Sector Baht per household 200,000 180,000 Household Debt Household Deposit 160,000

More information

A Proactive Tool for Monitoring the Microloan Portfolio. EMN Conference London June 24, 2010

A Proactive Tool for Monitoring the Microloan Portfolio. EMN Conference London June 24, 2010 A Proactive Tool for Monitoring the Microloan Portfolio EMN Conference London June 24, 2010 Overview The Challenge and the Solution Monitoring Tool Development Process Implementation Strategy and Policy

More information

ALERTS NOTIFICATION USER GUIDE

ALERTS NOTIFICATION USER GUIDE Page 1 of 10 ABOUT EQUIFAX ALERTS NOTIFICATION USER GUIDE Equifax Canada Inc. Box 190 Jean Talon Station Montreal, Quebec H1S 2Z2 Equifax empowers businesses and consumers with information they can trust.

More information

K-IRQ: 2Q13 Page1. From CIRO. Dear KBank investors and analysts, 2Q13 Earnings Forecasts. No. of analysts

K-IRQ: 2Q13 Page1. From CIRO. Dear KBank investors and analysts, 2Q13 Earnings Forecasts. No. of analysts Page1 Second Quarter 2013 At a glance KBank Interest rates Deposits (%) Effective Date Savings Vol.2 No.4 0.75 22 Feb 12 Fixed-3m 1.60-2.00 14 Jan 13 Fixed-6m 1.95-2.25 14 Jan 13 Fixed-12m 2.30-2.45 14

More information

CREDIT BASICS About your credit score

CREDIT BASICS About your credit score CREDIT BASICS About your credit score Your credit score influences the credit that s available to you and the terms (interest rate, etc.) that lenders offer you. It s a vital part of your credit health.

More information

Horizons in Credit. Copyright @ Saudi Credit Bureau 2014. Reading of Credit Culture

Horizons in Credit. Copyright @ Saudi Credit Bureau 2014. Reading of Credit Culture Horizons in Credit Copyright @ Saudi Credit Bureau 2014 Reading of Credit Culture Contents About the Booklet History Development Free Report Reliability Concept of Credit Repor Obtaining Credit Report

More information

2013 Annual Results. D. Francisco Gómez Martín CEO. Madrid, January 31 st, 2014

2013 Annual Results. D. Francisco Gómez Martín CEO. Madrid, January 31 st, 2014 2013 Annual Results D. Francisco Gómez Martín CEO Madrid, January 31 st, 2014 Disclaimer This presentation has been prepared by Banco Popular Español solely for purposes of information. It may contain

More information

Step Description Average time to complete. review. We will need a copy of a valid ID at this time

Step Description Average time to complete. review. We will need a copy of a valid ID at this time Mission The mission of ACCION San Diego is to provide economic opportunity to low to moderate income entrepreneurs who lack access to loans from traditional sources. By providing support services and business

More information

Debt Freedom. Primerica Canada Debt Freedom System

Debt Freedom. Primerica Canada Debt Freedom System Debt Freedom Primerica Canada Debt Freedom System To receive a SMART Loan referral fee, the new associate must introduce the client to the certified field trainer to make the referral. New associates must

More information