Central Credit Register

The Central Credit Register (CRC in Portuguese) is a database managed by Banco de Portugal, using information reported by the participants (the institutions which extend credit) concerning credit granted to individuals and organisations and potential credit liabilities representing irrevocable commitments.

The main purpose of the CRC is to provide information to back up the participants in their assessment of the risks attached to extending credit. To this end, the participants can access aggregate information on the credit liabilities of each client vis-à-vis the financial system.

Information on credit liabilities may be used for purposes such as the supervision of credit institutions and financial corporations, the analysis of financial system stability, the conduct of monetary policy and intraday credit operations and the compilation of statistics.

In compliance with the constitutional and legal provisions governing the protection of citizens, any person has the right to be informed about any existing data in his/her name, in the Central Credit Register.

For further details, see the Bank Customer Website (only in Portuguese) and Booklet n.º 5 of Banco de Portugal.