The State Bank of Pakistan (SBP) has unveiled an advanced version of its Electronic Credit Information Bureau (eCIB), termed eCIB System (V2), which is set to become operational from January 1, 2025. This upgraded system will replace the existing eCIB platform and is designed to meet evolving technological advancements and international reporting standards.
The eCIB System (V2) introduces several enhancements and amendments to the Credit Information Report, making it more comprehensive and aligned with global best practices. These updates aim to improve the utility and accuracy of credit reporting, benefiting both financial institutions and borrowers.
This initiative is a significant step in SBP’s ongoing efforts to modernize Pakistan’s financial infrastructure. By leveraging cutting-edge technology, the central bank is reinforcing its commitment to strengthening the financial sector and supporting the country’s economic growth.
The new system underscores SBP’s vision of creating a robust and transparent credit information ecosystem that fosters financial stability and inclusion in Pakistan.
