Credit bureaus support the overall objective of financial stability and economic growth by providing comprehensive information on borrowers’ indebtedness. Currently, lenders typically only have access to partial information. The establishment of a credit bureau:

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• leads to less risky loans being extended;

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• increases banking sector stability (high levels of bad debt
  have a claim on lenders’ capital resources, which then become unavailable to support new lending);

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• encourages more disciplined borrowers by preventing over indebtedness and problems associated with capacity to repay;

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• improves systemic risk monitoring by the Central Bank;

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• and is consistent with global best practices for managing financial sector risk.