Central Credit Register
General Information
Since 1962 the Banco de España has managed the Central Credit Register, whose main purpose is to provide reporting institutions (credit institutions and others) with the data required for optimum analysis of their credit risk. The CCR also enables the Banco de España to obtain overall data on lending by institutions and thus facilitates the central bank's performance of its banking supervision tasks.
Direct credit to resident borrowers is generally considered to be reportable if the overall business in Spain is €6,000 or more or if that in any other country is €60,000 or more. Direct credit to non-residents must be reported from €300,000.
At the end of 2004 more than 25 million direct and indirect risks (the latter referring to guarantees of direct credits), amounting to €2.02 trillion and distributed among 14 million borrowers, had been reported to the CCR. 94% of the borrowers were individuals resident in Spain.
Access to data
Any borrower whose credit has been reported to the CCR can request data from it. To do so, the borrower's identity must be duly evidenced at any Banco de España branch or in a written communication addressed to the Central de Información de Riesgos del Banco de España, C/ Alcalá 48, 28014-MADRID. Individuals must include a photocopy of both sides of their national identity card. Legal entities are required to provide a photocopy of their business identification number (C.I.F.), the personal details (name, taxpayer identification number and job title) of the signer, who must have the appropriate power of attorney, and the details of that power of attorney: date, notary and protocol number.
Further, any institution reporting to the CCR has access to the aggregate information on all the credit extended by the financial system to the borrowers reported by that institution, or to other borrowers provided that they have expressly authorised such access.