Connex and Orange to join Credit Bureau

The Credit Bureau has begun talks with the mobile telephone operators Connex and Orange to include them in their system. The process is expected to be completed by mid this year. “The main direction of development for 2005 will be attracting non-banking companies to the system. Two non-banking financial companies will become part of the system by the end of the first quarter, and then other companies will join, including the two mobile telephone operators. We also intend to attract insurers and leasing companies,” Ilie Mihai, chairman of the Credit Bureau’s Board of Directors, told Ziarul Financiar. The Credit Bureau’s database will benefit from the new information, enabling it to perform better evaluation of consumer behaviour patterns, while telephony companies will benefit from a better picture of their new clients. “Depending on the client and the type of debts registered with the Bureau, Orange will require them to make a guarantee to match the credit risk or even deny certain packages to certain clients in special cases,” Alex Russu, Deputy Chief Financial Officer with Orange Romania, told Ziarul Financiar. ZF