Financial doubts: what is CIRBE?
Posted: Thu Dec 26, 2024 4:35 am
You have probably been asked for the CIRBE if you have ever applied for bank financing . Knowing a bank's criteria when granting credit is essential, and that is why it is important that you know what the CIRBE is.
This is a basic source of information for any entity that is going to study your request for financing. Unlike other registries, the Central Risk Information Centre of the Bank of Spain is a public database with practically all the loans, credits, guarantees, and risks in general that financial entities have with their clients. Information provided by all entities, including amounts and types for each holder. Therefore, it allows the risk granted by other entities to a company that requests financing to be measured . The debts in the CIRBE are expressed in thousands of euros rounded off, and are sent at the end of each month.
A query to the CIRBE allows any entity to know what debt a company has with other entities , and thus get a better idea of its solvency. Information provided on a mandatory basis by banks, savings banks, credit cooperatives and branches in Spain of foreign credit institutions; financial credit institutions and the ICO , as well as other financial entities. In general, the minimum amount of the declaration is 6,000 euros and each risk is classified into two types:
Direct risks: derived canada whatsapp mobile phone number list from loans or credits, money or signature (mainly guarantees) and financial leasing or leasing operations .
Indirect risks: by guaranteeing or endorsing other clients who have been granted loans or credits by the entity.
Banks no longer need to ask applicants for a credit transaction for authorisation to consult their CIRBE, but it is still better to bring it to save time and give a more professional image. To do so, you simply have to request it from the Bank of Spain through the means it makes available to companies and individuals: in person at the Bank of Spain, by letter, or by requesting it online if you have a digital signature certificate.
Although the CIRBE does not break down risk by entity but rather expresses it in aggregate form , banks often use it to compare indebtedness based on the company's balance sheet as well as the average cost of debt.
Your opinion is very important to us, so you are invited to leave your comments and opinions. And if you think that the post can be useful for other people, help us spread it through Social Networks.
This is a basic source of information for any entity that is going to study your request for financing. Unlike other registries, the Central Risk Information Centre of the Bank of Spain is a public database with practically all the loans, credits, guarantees, and risks in general that financial entities have with their clients. Information provided by all entities, including amounts and types for each holder. Therefore, it allows the risk granted by other entities to a company that requests financing to be measured . The debts in the CIRBE are expressed in thousands of euros rounded off, and are sent at the end of each month.
A query to the CIRBE allows any entity to know what debt a company has with other entities , and thus get a better idea of its solvency. Information provided on a mandatory basis by banks, savings banks, credit cooperatives and branches in Spain of foreign credit institutions; financial credit institutions and the ICO , as well as other financial entities. In general, the minimum amount of the declaration is 6,000 euros and each risk is classified into two types:
Direct risks: derived canada whatsapp mobile phone number list from loans or credits, money or signature (mainly guarantees) and financial leasing or leasing operations .
Indirect risks: by guaranteeing or endorsing other clients who have been granted loans or credits by the entity.
Banks no longer need to ask applicants for a credit transaction for authorisation to consult their CIRBE, but it is still better to bring it to save time and give a more professional image. To do so, you simply have to request it from the Bank of Spain through the means it makes available to companies and individuals: in person at the Bank of Spain, by letter, or by requesting it online if you have a digital signature certificate.
Although the CIRBE does not break down risk by entity but rather expresses it in aggregate form , banks often use it to compare indebtedness based on the company's balance sheet as well as the average cost of debt.
Your opinion is very important to us, so you are invited to leave your comments and opinions. And if you think that the post can be useful for other people, help us spread it through Social Networks.