As you are aware, the old system of Credit Information Bureau (CIB) has been discontinued and the new system is fully operational from June 1, 2006. We are pleased to inform you that 96 out of 107 member institutions have reported data of about 2.89 million borrowers to CIB for the month of April, 2006.

It has been observed that some of the FIs have submitted partial data about their borrowers and have reported the data of their consumer borrowers with old NIC number, while others have reported the same consumer borrowers with the CNIC number. The reporting of the same borrowers with two identities i.e. old NIC and CNIC number has resulted in the creation of two Credit Worthiness Reports (CWR) of the same borrower. You are, therefore, advised to check the credit worthiness of the consumer borrowers from CIB by using both old NIC and CNIC number before taking any credit decision.

You are also advised to ensure reporting of the complete data of the borrowers of your bank for the month of May 2006 to the CIB. Further, it is also advised to collect CNICs of all the consumer borrowers and report their data to CIB with old NIC, as well as CNIC numbers, to avoid duplication of CWR. In case the CNIC number of any borrower is not available, you may also take help from Verisys system of NADRA.

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