Cabinet of Ministers of Uzbekistan adopted resolution “On measures on formation of the system on gathering information of credit history of debtors” and it created ground for formation of the system on exchange of credit information in Uzbekistan. In line with the resolution, two-level credit exchange system was created in Uzbekistan, which includes National Institute of Credit Information at the Central Bank and Interbank Credit Bureau at the Uzbekistan Banking Association.

The system is directed at providing commercial banks in Uzbekistan with information about debtor, decreasing credit risks in banking system and strengthening credit discipline, as well as improving financial reputation of businesses. Central Bank created Single Registrar of Credit Information, which gathers, stores and analyses credit operations of commercial banks and their debtors.

Currently, National Institute of Credit Information has over 981,000 credit agreements with 626,000 debtors. The commercial banks address to the Institute to get information about clients, who apply for credits.

Positive credit history can speed up credit allocation process and debtors can receive additional preferences. Commercial banks can dismiss applications of customers with negative credit history.

Central Bank pays great attention to confidentiality of information about debtors and credit operations and exchange of information is carried out through encoded electronic channels.

Interbank Credit Bureau possesses information about over 416,000 businesses and 626,000 agreements on credit, leasing and factoring.