The importance of a robust and efficient credit infrastructure can enable greater access to finance, stability, and socially responsible economic growth. This was highlighted by Awang Yusof bin Haji Abd Rahman, the Managing Director of Authority Monetary Brunei Darussalam (AMBD) during the 'Brunei Darussalam Getting Credit (BDGC) Conference 2018, yesterday morning. According to the Managing Director of AMBD the possibility of using reputational, traditional and non-traditional collateral helps financial institutions to expand their financial products and services, and at the same time helps individuals and Micro, Small and Medium Enterprises (MSMEs) gain access to more favoUrable and competitive financing options.
The event coincided with the launch of the 'National Credit Scoring' and Online Credit Report.' The one-day conference is a learning and networking platform that brings together renowned international experts in the credit infrastructure field to share their success stories.
Source: Radio Television Brunei