The State Bank of Pakistan (SBP) has decided to include history dating back two years, regarding negative or overdue information for consumer and individual borrowers in the eCIB reports of SBP, in line with international practices from July 2021.

Currently, the eCIB report reflects negative and overdue information for consumer/individual borrowers’ for one year. The Electronic Credit Information Bureau (eCIB ) of SBP collects and collates credit data on borrowers from its member Financial Institutions (FIs).

The financial data is then aggregated in the system and the resulting information, in the form of credit reports, is made available online to member FIs for the purpose of credit assessment, credit scoring and credit risk management.

The major purpose of this database is to enable the Financial Institutions (FIs) to know the credit history of their current and prospective customers, thus enabling them to make informed and timely lending decisions.

The decision was undertaken by the SBP to align its eCIB policies with international practices and to meet the Ease of Doing Business Survey (EODB) requirement of displaying at least two years history in the eCIB reports.

This change will be adopted on prospective basis and will be effective from July 2021 onwards. Accordingly, any default, delay in payment prior to July 1, 2021 will continue to be reflected in the credit report of the customers only for one year. However, defaults, delayed payments, etc. after July 1, 2021 will be shown on credit reports for two years.


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