DATABASE OF ARMENIAN CREDIT BUREAU ACRA INCLUDES ABOUT 944 THOUSAND CREDIT HISTORIES
ARKA
May 17, 2010
YEREVAN
Currently, the data base of the credit bureau ACRA has about 943-944
thousand credit histories, the CEO of the credit bureau ACRA Artak
Arzoyan said in an interview to ARKA News Agency.
"Credit history is updated daily, and the credit organizations provide
new data at least once a week, and eventually the information we have
is a maximum of one week old," the director said.
Arzoyan noted that in the office database has information on all
persons who currently have outstanding loans or for the last 4-5
years have ever borrowed from any company.
Saturation of the base, according to the director, has a relationship
with demographic measures, since the number of borrowers can not
exceed the number of the adult population of Armenia.
"I think that the presence of approximately 944 thousand credit
histories – is a pretty good rate of around 43-45% of the adult
population of Armenia.ã~@~@This is the economically active part of
our citizens who have ever borrowed from banks, financial and credit
institutions," he explained.
According to Arzoyan, in 2010, the bureau will be also provided with
information on insurance companies, and the database will include
information about people who had no contacts with banks and financial
organizations, but used the services of an insurance system.
ACRA Credit Bureau was established in Armenia in 2004 and is the
first private credit bureau in the country.
Members of the Bureau are all the 22 commercial banks operating in
Armenia, as well as the 16 credit institutions.