The Qatar Credit Information Center confirmed that it is only equipped with information and issuing credit reports, and does not interfere in the decision to grant or reject credit by donors such as banks and financing companies.
The center said through its official account on the “X” social networking site: “The Qatar Credit Information Center is only equipped for information, and does not interfere in the decision to grant or reject credit.”
The Qatar Credit Information Center is one of the most important assistant tools for the Qatar Central Bank in increasing the effectiveness of banking supervision and contributing to developing policies based on correct credit information, which helps reduce and reduce credit risks.
The Qatar Credit Information Center provides reliable and accurate financial data, subject to international data quality standards, in addition to applying best safety practices and procedures to ensure the security and confidentiality of the transferred data.
The Qatar Credit Information Center provides the credit reports service for individuals, companies and member institutions at their request, and information contains a summary of the credit situation of the customer and returned checks.
The center announced at the end of last year the launch of its five -year strategy, which aims to develop and improve its services to keep pace with global changes, and to create a healthy and sustainable credit environment that enhances confidence in the credit sector in the State of Qatar. The strategy aims to expand the credit database of the Qatar Credit Information Center by including new sectors. Al Qaeda currently includes 32 sectors, such as banks, financing companies, telecommunications companies, and car companies, and will be expanded now to include insurance companies, which raises the total number of sectors organizing the center. This expansion contributes to providing a comprehensive and accurate image of the credit situation in the country, allowing creditors to provide their services with greater confidence to customers, through a clearer understanding of the risk levels and providing offers commensurate with the needs of the market.
As part of the center’s steps for digital transformation, the focus will be on strengthening the electronic service portal and smart phone applications, which will facilitate customers to reach the center’s services quickly and easily, around the clock. This transformation comes within the framework of the center’s commitment to providing modern services in line with the third strategy of the financial sector and Qatar National Vision 2030, which aim to achieve comprehensive technological progress that meets the needs of beneficiaries and supports sustainable economic development.
