National credit registry rollout set for next year

Bangko Sentral ng Pilipinas (BSP) - supervised lenders could soon be armed with sharper tools for risk assessment and approve loans more swiftly, as the central bank is rolling out external access to its credit information management system (CRIMS) in 2026.

- By DERCO ROSAL

Based on the BSP’s report on the Philippine financial system for the first semester of 2025, the central bank has scheduled CRIMS’ external rollout in 2026, which it said marks a huge leap toward “a robust national credit registry.”

“Access will soon be extended to authorized external parties, including lenders, private credit-scoring agencies, and individual borrowers, subject to stringent data privacy and security safeguards,” the BSP said.