
State Bank of Pakistan (SBP) has officially launched the latest Electronic Credit Information Bureau (eCIB) (V2). This system will come into effect on January 1, 2025, to replace the existing eCIB system.
According to the circular stated by the Consumer Protection Department, the SBP advised all member financial institutions, including banks, microfinance banks (MFBs), development finance institutions (DFIs), non-banking financial companies (NBFCs), and Modarabas, to provide their month-end data for December 2024 through the latest eCIB system (V2) by January 10, 2025, through the Data Acquisition Portal.
In accordance with the latest eCIB system (V2), several significant changes have also been rolled out in the Credit Information Report for greater clarity.
The launch of the latest eCB System (V2) reflects SBP’s unwavering commitment to utilising technology to enhance Pakistan's financial sector. This landmark move is part of SBP’s broader vision to transform Pakistan’s financial infrastructure and promote economic growth and sustainability.
During the transition, member institutions must submit the December 2024 data using the old eCIB system (V2) by January 15, 2025.
Following this, the latest system, the old system will be phased out, and all the upcoming month-end data submissions will use the latest eCIB system (V2), with a deadline of the 10th of every month.
SBP underscored the significance of submitting precise, and complete eCIB data. Failure to comply may lead to strict enforcement action including penalties, under applicable regulations.
To know further details visit SBP’s official website: