About the CCR

The Corporate Credit Register (CCR) is a database of credit extended to legal and natural persons further to the conduct of a professional activity, regardless of whether these persons reside (or are established) in Belgium or abroad. The data contained in the CCR are provided by financial institutions and leasing companies, which are required by law to report this information.

Borrowers do not submit information to the CCR directly.


What is the CCR used for?

The CCR is a valuable tool for:

  • the assessment of credit risk (lenders)
    For a lender, extending credit involves a risk of default or non-repayment by the borrower. This risk is assessed with reference to various factors, including the borrower’s debt level or ratio, i.e., the total amount of credit the borrower has outstanding with other financial institutions. Other factors are also important when it comes to assessing credit risk, such as the borrower’s payment history (including any defaults) and the collateral the borrower can bring to the table. 
     
  • the assessment of authorised loans (National Bank of Belgium)
    The data kept in the CCR are used by the National Bank of Belgium (NBB) to carry out its statutory duties (the prudential supervision of credit institutions, the maintenance of financial stability, the determination of monetary policy, etc.). This information allows the NBB to assess authorised loans and the risks to which lenders are exposed.
     
  • the monitoring of financial stability in the euro area (European Central Bank)
    AnaCredit, which stands for "analytical credit datasets", is a database containing granular information on individual bank loans to businesses in the euro area, including small and medium-sized enterprises (SMEs). This project allows the European Central Bank (ECB) to better assess potential shocks to the euro area financial system.  AnaCredit can also be used to assess the overall credit risk of a given company, including cross-border exposure. It allows banking regulators to identify when a company becomes delinquent on payments, assess its creditworthiness and estimate the potential risk to exposed banks.

Data retention period

Data on credit and leasing agreements are kept in the CCR for at least two years from the expiry date of the credit or leasing arrangement.

More information can be found in Article 12 of the Act of 28 November 2021 on the organisation of the Corporate Credit Register.

Neutrality

In its capacity as a neutral third party between lenders and borrowers, the National Bank of Belgium has been entrusted with management of the CCR, in accordance with a strict statutory framework.

Background

On 1 January 2022, the CCR replaced the Central Corporate Credit Register. Alongside the CCR, a new application has been developed, called BECRIS (Belgian Extended Credit Risk Information System), to meet the requirements of European Central Bank (ECB) Regulation (EU) 2016/867 on the collection of granular credit and credit risk data (the “AnaCredit Regulation”). More information.