Credit Bureau Supervision
In accordance with the 2018 amendments to the Organic Law of Georgia on the National Bank of Georgia (NBG), the NBG is responsible for the regulation and supervision of credit information bureaus.
At the beginning of 2020, amendments were introduced to the Rule - „On the Approval of the Rule for Providing Information to a Credit Information Bureau on the Territory of Georgia, Recording and Accessing Information in the Database of the Credit Information Bureau“. The purpose of these amendments was to introduce voluntary consent for credit bureau verification for marketing purposes and to clarify the requirements for obtaining electronic consent.
In the second half of 2022, significant amendments were made to the rules governing the supervision of credit information bureaus. These included introducing reporting requirements for income received by individuals from money transfers (remittances) and requiring the use of strong customer authentication (SCA) when obtaining a data subject's consent remotely. The amendments also included changes to the provisions related to consumer rights protection.
It is noteworthy that throughout the year, considerable attention is devoted to raising consumer awareness regarding the activities of the Credit Information Bureau, as well as to thoroughly reviewing consumer complaints and taking appropriate action where necessary. A public presentation entitled "Data Subject Consent for Verification of Their Data in the Credit Information Bureau" was also held. In addition, commercial banks operating in Georgia offered their customers the opportunity to register with the Credit Information Bureau.
Bureau |
Registration Number |
Date of Issue |
| Credit Information Bureau JSC CreditInfo Georgia |
No. 01-28 | 03/09/2018 |
In the second half of 2022, following amendments to the Rule - "On the Approval of the Rule for Registration, Cancellation of Registration, and Regulation of a Credit Information Bureau in the National Bank of Georgia“, the NBG introduced the concept of a Credit Information Bureau – Platform. To promote the development of financial and supervisory technologies, the NBG offers this operational model to interested parties and establishes simplified registration requirements, as well as regulatory and supervisory principles that differ from those applicable to conventional credit information bureaus.
The Platform will operate as a business entity authorized to collect, process, and issue credit information relating to individuals. It is noteworthy that the Platform will not retain or store credit information, nor will lending institutions be required to submit the relevant information to the Platform.
Platform |
Registration Number |
Date of Issue |
| Credit Information Bureau JSC Ranco Platform |
No. 02-23 | 20/10/2023 |