Bank of Spain publishes 2024 Credit Register report showing over 62 million reported credit operations and EUR 2.2 trillion outstanding

The Bank of Spain published its 2024 report on the Central Credit Register (CIR), showing that reported credit operations exceeded 62 million, up 1.2% year on year, with a drawn outstanding balance of EUR 2.2 trillion, up 2.4%. The number of entities submitting information to the CIR also rose by 14% compared with the previous year. Reported operations related to 24.6 million borrowers, of which 91% were individuals and almost 5.3% were legal persons, and included 961,000 non-resident holders. Around half of reported loans had some form of real or personal guarantee, and almost 40% of home-purchase loans were at a fixed rate; credit quality improved, with close to 90% of reported amounts showing no unpaid or breached amounts past due by more than 90 days. Use of CIR data increased: lender requests for reports to assess creditworthiness rose 23% to 7 million and the CIR supplied information 451 million times for ongoing monitoring, while borrowers requested 953,000 reports on their own credit situation (+37%); complaints reached 33,000 (almost double), mostly linked to requests to cancel debts reported to the CIR following court-ordered discharge in personal insolvency proceedings. Within its Strategic Plan 2030 framework, the CIR is working to improve scalability and analytical use of information through technology and to enhance data quality, with the stated aim of enabling greater use of granular data and reducing reporting burden through simplification.