The Central Credit Registry is already operating in pilot mode and is expected to begin full operation on February 15, while the Credit Assessment System for checking debts to the State is also being developed. Specifically, the Central Credit Registry is a comprehensive information system that collects and stores in detailed databases payment histories, types of provided guarantees, and any other information related to all forms of credit to individuals or legal entities from credit and financial institutions based in Greece, as well as from branches of foreign credit or financial institutions operating in Greece.
Central Credit Registry: What capability does each debtor have
Each debtor has the ability to review their credit status regarding data reported by creditors to the Central Credit Registry through obtaining a Credit Report, which is provided upon submission of a relevant electronic application and without financial charge. Additionally, they have the ability to submit a free electronic application to dispute data included in the Credit Report. Correspondingly, creditors connected to the Central Credit Registry use the data it provides to improve the quality and completeness of credit information for debtors with whom they have entered or intend to enter into credit agreements, thus enhancing their ability to assess and manage credit risk.
What is the goal of the Central Credit Registry
The Central Credit Registry aims to strengthen financing of the real economy by the Greek financial system and ensure financial stability through improved information provision, more rational assessment of potential borrowers’ creditworthiness, and general support for making informed financing decisions. The operation of the Central Credit Registry also contributes to promoting the objectives of the European System of Central Banks and more effective exercise of supervisory responsibilities by the Bank of Greece and the European Central Bank.
Types of credit
The Central Credit Registry collects on a monthly basis and stores detailed data for all forms of credit equal to or greater than €2,000 (per creditor and per debtor) for individuals and sole proprietorships, and €5,000 (per creditor and per debtor) for legal entities. The data is available 25 working days after the end of the reference month. For example, data provided by creditors with a reference date of November 30, 2025, is already available and used for producing Credit Reports, while data with a reference date of December 31, 2025, will be available after February 6, 2026. The types of credit collected include, indicatively, mortgage, consumer, and business loans, financial leases (leasing) and factoring contracts, as well as provided guarantees for these credits, ensuring data confidentiality and providing modern digital information services.
Central Credit Registry: 12 questions and answers from the Bank of Greece
Here are 12 questions and answers from the Bank of Greece regarding the Central Credit Registry:
Question 1. Does the Bank of Greece (BoG) rate citizens with the CCR?
Answer: No. The CCR does not issue ratings and does not evaluate citizens’ transactional behavior. It only collects and maintains data submitted by creditors.
Question 2. Is the CCR a “new Tiresias”?
Answer: No. The CCR is not a private credit bureau (PCB) like TIRESIAS S.A. It does not provide notifications, evaluations, or decisions. The role of PCBs is usually complementary to a CCR. Also, the information provided by the CCR is without financial charge.
Question 3. Who has access to our data?
Answer: Only you and your creditor have access, based on legitimate purpose.
Also have access: specific organizations of the Greek State for purposes of fulfilling their responsibilities,
the BoG and the European Central Bank (ECB), to the extent required for fulfilling their responsibilities.
Question 4. Why is the CCR useful?
Answer: It is useful because: it gives citizens for the first time and without cost the opportunity to have a complete picture of their credit report,
it contributes to strengthening financing of the real economy,
it enhances market transparency,
it contributes to preventing over-indebtedness and ensuring financial stability,
it makes the evaluation process for new financing applications more effective.
Question 5. What type of data does the CCR include?
Answer: The types of credit collected include, indicatively, mortgage, consumer, and business loans, financial leases (leasing) and factoring contracts, as well as provided guarantees for these credits.
Question 6. Does the operation of the CCR affect the loan approval process?
Answer: The BoG is not involved in loan evaluation or approval. Banks use the data they were already using. Through the CCR, they can improve the quality and completeness of credit information for debtors with whom they have entered or intend to enter into credit agreements, thus enhancing their ability to assess and manage credit risk.
Question 7. What happens if we discover an error?
Answer: You can immediately and without financial charge make a dispute application through an electronic application. The correction is then made by the creditor who submitted the data. The Bank of Greece monitors and ensures proper submission.
Question 8. How is our personal data protected?
Answer: The CCR operates with strict security protocols according to European specifications. The BoG is the data controller and ensures complete information protection, taking into account the current institutional framework for personal data protection, confidentiality, and information security.
Question 9. What should citizens do?
Answer: Nothing. Data is submitted by creditors. Citizens can, if they wish, request access to their data through free issuance of their credit report.
Question 10. How does the Central Credit Registry (CCR) differ from the Credit Assessment Registry (CAR) and the Private Debt Monitoring Registry (PDMR)?
Answer: They are three different databases with different purposes: The CCR’s main purpose is to strengthen financing of the real economy by the Greek financial system and ensure financial stability, providing debtors immediate access to a complete picture of their credit exposure. The CAR, when completed, will collect data on debts to the State and provide related ratings.
The PDMR, when completed, will have interoperability with other registries and provide a comprehensive picture of private debt.
Question 11. Why don’t the figures in the report match what I see in my account through web banking?
Answer: Data becomes available through credit reports 25 working days after the end of the reference month. For example, data with January 2026 as the reference month will be available on March 6, 2026. Therefore, data appearing in the Credit Report may not fully reflect the debtor’s credit status at the time of Credit Report issuance, such as not including recent debt payments.
Question 12. I have a credit card with a €1,800 balance. Why don’t I see it in my credit report?
Answer: The CCR collects on a monthly basis and stores detailed data for all forms of credit equal to or greater than €2,000 (per creditor and per debtor) for individuals and sole proprietorships, and correspondingly €5,000 (per creditor and per debtor) for legal entities. Current debts below these thresholds are not reported to the Bank of Greece by creditors, therefore they do not appear in the Credit Report.
