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Manila Bulletin devider Business devider Banking & Finance devider BSP, JICA launch credit risk scoring system for faster SME loan checks

BSP, JICA launch credit risk scoring system for faster SME loan checks

Published Aug 22, 2025 03:44 pm

At A Glance

  • To make loan assessments faster and more accessible for small and medium enterprises (SMEs), the Bangko Sentral ng Pilipinas (BSP) has partnered with the Japan International Cooperation Agency (JICA) to launch a credit risk scoring system.
To make loan assessments faster and more accessible for small and medium enterprises (SMEs), the Bangko Sentral ng Pilipinas (BSP) has partnered with the Japan International Cooperation Agency (JICA) to launch a credit risk scoring system.
On Aug. 22, the BSP said in a statement that the Credit Risk Database Philippines Web-based Scoring System (CRDPh System) was created to help banks and other lenders assess the creditworthiness of SMEs.
Launched on July 29, the system “generates credit scores and default probabilities using anonymized financial and non-financial data from participating financial institutions.”
“This enables faster and more accessible SME loan assessments without the need for standalone software installations,” the BSP said.
According to the central bank, the CRDPh System provides additional tools for approving and pricing SME loans, helping address the “missing middle”—firms that are too big for microfinance but too small for traditional bank financing.
“Aside from enhancing credit risk management, the system will provide policymakers with benchmark statistics and data to guide SME financing measures,” the BSP said.
Manila-based credit bureau CIBI Information Inc. reported that consumer demand for financing continues to increase, but multiple concerns remain such as the limited access to financial services, insufficient credit data, and high delinquency rates.
CIBI said these need transparency and collaboration across the banking ecosystem.
Just nearly five in 10 Filipinos remain unbanked, and only one percent of their loan applications is accepted due to insufficient credit data, said JurisTech Chief Executive Officer (CEO) See Wai Hun.
CIBI noted that “high delinquency rates and billions lost annually to fraud further weaken confidence, altering how institutions assess risk and limit consumers’ access to financing,”
“Without reliable and transparent information, lenders grow cautious, borrowers are underserved, and decision-making slows across the value chain,” it added.
To address such a concern, trusted data is needed. Quality data enables companies to make decisions 30 percent faster, boost efficiency by 25 percent, and increase profitability by 19 percent, according to Ivy Ramirez, CIBI vice president for service and industrials.
Ramirez added that transparency also strengthens relationships, reduces risks, and cuts time to revenue by 63 percent.
CIBI President and CEO Pia Arellano said new initiatives, such as the Fraud Bureau and the CIBI Advanced Tier platform, have been introduced to enhance transparency, reinforce compliance, and strengthen trust in the system.
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