The Central Bank of the Philippines has launched the Credit Risk Database Philippines (CRDPh) System, a web-based platform that allows BSP-supervised financial institutions to securely submit anonymised small and medium enterprise (SME) data and retrieve Credit Risk Database (CRD) outputs, including probability of default and a credit score. The system forms part of a BSP and Japan International Cooperation Agency initiative to support more risk-based SME lending, with 33 pioneer financial institutions participating in the project. CRD is a large-scale database of anonymised SME financial, non-financial and borrower performance-related data contributed by participating institutions, which underpins a statistical scoring model. The CRDPh System moves the earlier standalone scoring tool to an automated online workflow for data submission, processing and output retrieval, while not providing borrower-level credit history like credit registries and bureaus. Use of the CRD outputs is voluntary and remains subject to existing regulatory expectations on credit risk management; participating institutions are responsible for meeting anonymisation and data protection requirements and for periodically submitting accurate and complete data to support database updates and model refinement. The ongoing Phase 2 of the project is intended to develop additional CRD services and support transition to a sustainable, permanent operating model, including potential future guidance on a fee structure for system use. Project governance currently includes a Joint Coordinating Committee and an independent Third-party Evaluation Committee, with arrangements to be reviewed upon project completion to consider establishing permanent bodies for CRD Philippines.
Central Bank of the Philippines 2025-07-29
Central Bank of the Philippines launches CRDPh web-based SME credit risk scoring system for BSP-supervised financial institutions
The Central Bank of the Philippines has launched the Credit Risk Database Philippines (CRDPh) System, a web-based platform for financial institutions to submit anonymised SME data and retrieve credit risk outputs. In collaboration with the Japan International Cooperation Agency, it aims to enhance risk-based SME lending, with 33 financial institutions participating. Phase 2 focuses on developing additional services and transitioning to a sustainable model, overseen by a Joint Coordinating Committee and an independent Third-party Evaluation Committee.