Sri Lanka to introduce new scoring system to CRIB from January

Nov 29, 2019 (LBO) – Sri Lanka’s Central Bank said a new scoring system will be introduced to the Credit Information Bureau (CRIB) from January next year.

“There are lots of concerns about CRIB reporting. So, we decided to give a new face to the CRIB report by introducing a scoring system,” Deputy Governor H. A. Karunaratne said.

“From January onwards CRIB will be reporting a scoring system. The score will be between 250 (higher risk) and 800 (lower risk). Therefore it will give better information for the lending entities to make informed decisions.”