Wednesday, March 17 2010 10:50

By the end of 2010 ACRA's credit reporting base will cover 46% of the Armenian population


ArmInfo. By the end of 2010 ACRA's credit reporting base will cover 46% of the Armenian population, Director of ACRA Credit Reporting CJSC Artak Arzoyan said in an interview to ArmInfo.

As of today the company has credit information on 43% of the population.This is a low figure as compared with developed countries. However,
in Armenia each family consists of 3-4 people, so, if, at least, one of them is a borrower, it means that each Armenian family has access
to credit resources.

At the same time, he said that today ACRA receives information on the borrower' debts only from banks and credit companies, but the expected governmental decision currently being worked out by the Central Bank will allow the bureau to work with the state departments individually, enhance the accuracy of data association, collect complete data on borrowers' debts from various sources.

"From the technical point of view, we are already ready to receive the whole information. The full package of information plays an important role in assessing the credit risks as provides additional information about the solvency of borrowers",- he said.
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