Central Credit Register: 12 Questions & Answers from the Bank of Greece

The Bank of Greece (ΤτΕ) is launching the Central Credit Register (CCR), a comprehensive information system that collects data on all forms of credit.

What is the CCR?

The CCR collects payment history, types of collateral, and information related to credit to individuals and legal entities from credit institutions in Greece.

Who has access?

Debtors have access to their credit status by obtaining a free Credit Report. Creditors use the data to assess credit risk.

CCR's Goal

Strengthening the financing of the economy, ensuring financial stability, and more effective supervision by the Bank of Greece and the ECB.

Key points:

• Data is collected for credits over €2,000 for individuals and €5,000 for legal entities.
• The data is available 25 working days after the end of the reference month.
• Includes mortgage, consumer, business loans, leasing and factoring.

Frequently Asked Questions:

1. The CCR does not rate citizens.
2. It is not a private credit bureau like TEIRESIAS S.A.
3. Debtors, creditors and specific public bodies have access.

The CCR aims to enhance transparency and prevent over-indebtedness.