CIBI Information, Inc. | 6 June 2018

Two of the largest rural banking organizations in the country, the Confederation of Southern Tagalog Rural Bankers (CSTRB) and the Confederation of Central Luzon Rural Banks (CCLRB), recently partnered with CIBI Information Inc.™, the first and only Filipino credit bureau, to adopt CIBI Infoexchange, a service that promises to standardize credit scoring in the Philippines. The partnership was officiated in a ceremonial signing last June 5 at Edsa Shangri-La in Mandaluyong City.


This partnership will help members of CSTRB and CCLRB improve its credit evaluation and on-boarding process through faster and more informed decision making as well as minimizing risks of fraud.

Credit scoring is a method used around the world and is executed by gathering necessary credit information to assess whether a person or institution is likely to pay as agreed or if one should extend them credit.

“CIBI is very hopeful about this agreement as we are eager to understand what affects the credit behavior of the borrowers on the rural bank sector and what measures should be taken in order to produce a reliable credit report and scores,” said by the President and CEO of CIBI Information, Inc. Marlo R. Cruz during the ceremonial signing.

CIBI Infoexchange promises value-added service to the members by providing credit data information while offering a simplified compliance service to organizations that use it. In the case of CSTRB and CCLRB, they are mandated by law to adhere to requirements set by the Credit Information Corporation as members of the Rural Bankers Association of the Philippines.

CIC was established by virtue of Republic Act (R.A.) 9510 or the Credit Information System Act. The CIC is government-owned and-controlled corporation that is mandated to collect reports based on credit-related data from all financial institutions, including other potential sources of credit information such as retail, trade, utilities, and other service and product providers that may constitute a form of credit.

With CIBI Info Exchange, organizations are no longer required to collect information from multiple different sources. The service will do all the research and analysis for CSTRB and CCLRB, which eliminates the bulk of the work load enabling the organization to focus on its task of submitting the generated report to CIC.

Acting as the technology and data partner of CSTRB and CCLRB, CIBI Infoexchange is designed to help with analytics, market assessment, access trends, and even risk management or fraud detection. Anything that can be derived from data, CIBI will consider and guarantee a direct assessment of each borrower’s credit standing. Moreover, it has its own scoring system, myScoreTM: The CIBI-FICO Score that will also be incorporated in the formation of the credit report.

“Our new service will treat your data with utmost importance,” CIBI President and CEO Marlo R. Cruz explained. “We understand the pressure of building a report for the CIC and Infoexchange assures our partners that their credit information is constructed well to meet CIC standards.”

The ceremonial signing was graced by the presence of CSTRB President Emerito “Tonki” Ramos III, Quezon Capital Rural Bank President Ferdinand “Junjun” Garcia, Taal Rural Banks President Tony Alcasid, Imus Rural Bank President Oscar Tirona, and Cavite Federation of Rural Banks President and incoming CSTRB President and Chairman Zafiro “Judol” Benedicto.