Credit Bureau (Cambodia) Co., Ltd. (CBC) has been awarded “Excellence in Consumer Credit Reporting” in Cambodia by Global Business Outlook (GBO), a reputed international business magazine based out of the United Kingdom.
The jury of GBO selected and evaluated CBC for this award based on exceptional performance of CBC in consumer reporting landscape in Cambodia. CBC is the only company from Cambodia to receive GBO award under the Finance category in 2020. GBO awards recognize companies around the world that have performed in exceptional terms, created great value, business edge and market recognition.
According Mr. Oeur Sothearoath, Chief Executive Officer of CBC, “the award recognises CBC’s contribution to industry-wide credit risk management by filling in critical information gaps between lender and borrower. CBC’s solutions promotes credit market transparency and efficiency which contributes to overall financial sector stability in the country.”
Established in 2012, CBC currently provides credit reporting solutions covering more than 6 million consumers catering to credit risk assessment and data analytics needs of 167 financial institutions. CBC has been directly contributing to financial inclusion and enabling business environment in Cambodia.
In November 2020, CBC launched the second generation of K-score which is the only comprehensive industry-wide credit score in the country that was upgraded to reflect the most recent trends and needs of the market to enable more reliable and predictive credit risk assessment.
Earlier in 2020, CBC launched the new version of Data Analytics Report which enables member financial institutions to track and monitor their performance and risk levels compared to their sector and the industry. With the onset of COVID-19 and rising economic uncertainty, financial institutions have actively adopted value added solutions of CBC that allow tracking and monitoring their portfolio and identify early warning risk signals.
In 2020, CBC undertook a major digitalisation initiative to enable all citizens throughout the country to conveniently access financial health services by launching CBC mobile app that allows individuals to ensure better credit management practices to improve their creditworthiness.
Since 2012, CBC has been the leading provider of financial information, analytical solutions, and credit reporting services to financial institutions and consumers in the Kingdom of Cambodia. CBC assists customers in managing the risks and rewards of commercial and financial decisions through a range of solutions: Consumer Credit Report, Commercial Credit Report, K-Score, Data Analytical Report, Portfolio Monitoring Service, Portfolio Review Service, and Customized Solutions.