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News

21/09/2004

Experian and Interfax create a credit bureau in Russia

Moscow. September 21. INTERFAX - The company Experian, a global leader in information solutions for business, and the International Information Group "Interfax", the largest provider of information and services to the financial market, announced their intention to establish in Russia on an equal footing (50:50) Credit Bureau for Private individuals and companies.

The new company would be called Credit Bureau "Experian Interfax" and will be based in Moscow.

"In Russia, strong growing consumer economy, and rapidly increasing demand for loans from private individuals and companies," said Director of Experian International, Roger Aubruk. - At the same time a legal basis for the first time makes it possible to exchange information on credit histories. Credit Offices are a key element in ensuring the growth and quality of the portfolio of consumer loans, while protecting the personal data and limiting the credit risk citizens. "

"Experian, being a pioneer in the creation of credit bureaus in the United States and Great Britain for many years been working closely with lenders, government agencies and regulatory bodies - he said." - During this period, through the introduction of credit bureaus on the basis of exchange information on loans increased predictability of decision-making, improved management of risk lenders in these markets and thus increase profitability. "

"This year, Russia has increased the number of users of our software, which provides support for decision-making process in the banking sector, and this shows that it is time to take the next step and establish a credit bureau", - stressed Aubruk R. .

"By combining our international experience and know-how with the knowledge of the national market, which has the" Interfax ", as well as its client base and information sources, we have all chances to win the leading positions in Russia", - he said.

"Participation in the creation of the largest credit bureau in Russia a leading global company in the field of IT solutions is an important indicator of the maturity of the Russian financial market, - said chairman of the board of directors of the" Interfax "Mikhail Komissar. - A new credit bureau will create conditions for efficient and stable growth consumer lending in the country. "

"The entry of Experian in the project means that the bureau will work in accordance with the highest international standards, using the most advanced and reliable technological solutions," - he said.

"We believe that for a group of" Interfax ", which is already included in the Russian market leading credit rating agency Moody's Interfax Rating Agency, Russia's largest database of corporate information SPARK, a specialized agency of financial and economic information (Interfax-Afi" ), establish a credit bureau is a logical step ", - said M. Komissar.

company Experian is a global leader in creating information solutions for businesses and consumers. It helps to establish, develop and maintain relationships with customers by providing this information, solutions and processing services. The company provides consumers ability to properly assess, control and protection of personal data, as well as their existing assets.

Experian works with more than 40 thousand corporate clients in various industries, including financial services, telecommunications, healthcare, insurance, retail services, etc., and is a subsidiary of GUS plc. Headquarters are in Nottinggeme Experian (UK), as well as in Costa Mesa (California, USA). Employed in the company of 13 thousand employees supporting customers in more than 60 countries. The Company's revenues are 1.3 billion pounds a year.

Experian credit bureau is already in 11 countries, including the United States and Great Britain.

International Information Group "Interfax" (Interfax Information Services Group) provides information products and communication tools that serve to make decisions in politics and business.

"Interfax" in the early 1990's is the main source of operational information on Russia and the CIS for the international community, the undisputed leader in the number of links in messages from this region of the world, published in the foreign press is among the most frequently used in the world sources of operational information. In recent years, Interfax has won the position as a leading provider of political and financial news from emerging markets in Europe and from China.

The structure of the "Interfax", comprising at present about three dozen companies, is a network of national, regional and branch news agencies operating throughout Russia, CIS countries, as well as China and several Central and Eastern Europe.

companies produce more than 100 specialized information publications in Russian, Kazakh, Ukrainian, Belarusian, Azerbaijani, English and German languages, targeted at different target audiences, a number of unique information services based on modern IT-technology. One such service in Russia is the largest database of companies - SPARK.

units of the "Interfax" very active in the field of analytics, and specialized services to financial market participants. Today, Moody's Interfax Rating Agency, a partner that supports the world's leading business rating agency Moody's Investors Service, holds a leading position in the market USSIAN rating services.

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