July 2022

CRIF Kredit-Axborot Xismatlari is presented to the Uzbek market

On July 19, 2022, at the Central Bank of the Republic of Uzbekistan, Credit Bureau CRIF Kredit-Axborot Xismatlari (CRIF KAX) was presented to the market.

The event was organized with the support of the Central Bank of Uzbekistan. The purpose of the meeting was to inform the Uzbek market about the capabilities of the new world-class credit bureau for the financial sector, as well as what CRIF can offer to the Uzbek market. CRIF KAX was presented not only as a credit bureau company, but also as a provider of various risk management products and services.

The event was attended by executives from the Central Bank of the Republic of Uzbekistan as well as executives from different departments of the commercial banks of Uzbekistan among others; around 150 people attended.

The event was opened by the Deputy Chairman of the Central Bank of the Republic of Uzbekistan, Abrorkhoja Turdialiev, who pointed out that the credit bureau system is one of the most important tools for assessing and reducing the credit risks of lenders, contributing to the implementation of informed lending and increasing the responsibility of the population in relation to their credit histories. The effective functioning of the credit information exchange process directly affects the availability of financial resources and the quality of loans, which in turn affects the welfare of the population, as well as the stability of the banking system. In this regard, considering its worldwide experience, CRIF can help lenders to optimize their business processes and minimize the risk of lending.

During the presentation, CRIF KAX had the opportunity to present the main features of the Credit Bureau Platform and a list of other risk management products and solutions.