The Credit Information Bureau of Sri Lanka (CRIB) held its Annual CEOs Forum and Institutional Awards Ceremony 2025 titled ‘Data in Action – Change in Motion’.
Governor of the Central Bank, Dr. Nandalal Weerasinghe was the chief guest. Over 120 Chief Executive Officers and senior leadership from across the financial services spectrum, including banks, non-banking financial institutions (NBFIs), insurance providers, telecommunications companies, utility service providers, and other affiliated entities were present.
The highlight of the forum was the presentation of CRIB’s Institutional Awards, which recognised outstanding institutional performance in areas such as data governance, data submission, regulatory compliance, and security. The Forum served as a platform to deliberate on the strategic significance of secure, accurate, and well-governed credit information.
The discussions highlighted the expanding scope of traditional and alternative data sources, and their potential to be integrated into credit underwriting frameworks.
Director / General Manager of CRIB Sri Lanka, Pushpike Jayasundera said, “The year 2024 has been a transformative year for CRIB. It marked a decisive shift from being a traditional repository of credit data, to becoming a dynamic, intelligent and technologically empowered institution, broadening its database and capacity.
“We more than doubled our database within the past 6-8 months by onboarding all credit related data including gold loans, pawning, margin trading and factoring.
“This expansion has helped us to build comprehensive credit profiles for citizens over 18 years of age who are economically active, thereby enhancing access to formal credit from registered financial and banking institutions.
In this endeavour, we more than doubled the issuance of self-inquiry reports (MyReport) within 12 months, demonstrating a growing public awareness of credit literacy and personal finance, as a result of continuous island wide awareness campaigns,” he said.
Central Bank Governor Dr. Nandalal Weerasinghe said, “During the time of the pandemic, economic crisis, access to credit data enabled policymakers (including the Central Bank of Sri Lanka) to make timely data-based decisions, which helped us in stabilising the economy of Sri Lanka. It is a very rich, timely updated data base and we used it for policymaking and policy direction.
“CRIB’s journey over the past several years is one of vision, perseverance and great impact. I am confident that the bureau will continue to innovate, adapt and serve as a vital facilitator of an inclusive, stable and sustainable credit ecosystem,” he said.
Dr. Weerasinghe said CRIB should benchmark its practices against global and regional peers to stay ahead of the evolving trends in credit risk management.
