Myanmar Credit Bureau (MMCB) is the first credit bureau licensed by the Central Bank of Myanmar. MMCB received the Credit Bureau License from Central Bank of Myanmar on 17th May 2018. MMCB is a joint venture between MB Investment Limited (established by the member banks of Myanmar Banks Association) and NSP Asia Investment Holding Pte Ltd from Singapore. MB Investment Limited is a 60% shareholder of MMCB and NSP Asia Investment Holding Pte Ltd owns 40%.
Benefits of MMCB
For Consumer
- Individuals with good credit history will be able to receive loans more quickly
- Promoting Financial Literacy and Awareness for better financial management to grow and protect one’s wealth
- Expect faster and more competitive services from the credit providers
- Convenient integrated access to credit information
For Financial Institution
- Streamline access to credit applicant’s complete credit information contributed by all MMCB Members
- Ability to make better & faster loan decisions more objectively and strengthen risk assessment
- Save resources and time with more efficient credit approval operations
- Obtain industry benchmark and data trends
For Economy
- Development of new credit products
- Create awareness, knowledge and deepen sound credit culture in the society
- Stimulate economic growth in an emerging economy
- Help small businesses to grow and further their contribution towards the Myanmar economy
Information that MMCB Collects
Consumer Information
- Personal Information
- Contact Details
- Employment Details
- Credit Details (e.g. Name of Lenders, Loan Amount, Payment Status, Next Payment Date, etc)
- Collateral Details (e.g. Collateral Address, Collateral Market Value, etc)
Commercial Information
- Organization Demographics
- Contact Details
- Credit Details (e.g. Name of Lenders, Loan Amount, Payment Status, Next Payment Date, etc)
- Collateral Details (e.g. Collateral Address, Collateral Market Value, etc)
- Interested Party Details
