Bill ready to set up Central Credit Register
The register will be managed by Slovenia's central bank, which already manages a system for the exchange of information on credit ratings of individuals, the Government Communication Office said after Thursday's cabinet session.
Banka Slovenije will use the information available in the upgraded system in the running of monetary policy, ensuring financial stability, macro-prudential supervision, risk management and in oversight of banks.
Data will be reported by banks and savings banks and other lenders whose core activity is crediting, financial leasing or factoring services, payment services providers as well as the Bank Asset Management Company, the national Housing Fund and Eco Fund.
Lenders will under certain conditions be able to exchange data from the register to assess credit ratings of their clients but will not able to use them for the purposes of direct or targeted marketing.
To ensure the data in the register are correct, the borrowers will have a right to access their individual data in the system.
The establishment of the Central Credit Register is part of activities in the European banking area and would enable the creation of a single database on bank loans in the eurozone in line with the European Commission's efforts.