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Database Of Armenian Credit Bureau ACRA Includes About 944 Thousand

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  • Database Of Armenian Credit Bureau ACRA Includes About 944 Thousand

    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.
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