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Credits to Individuals – Analysis of the Data Recorded by the Central Individual Credit Register

Helga De Doncker

National Bank of Belgium

January 18, 2006

National Bank of Belgium Working Paper No. 78

Since 1 June 2003 the file of the Central Office for Credits to Private Individuals has recorded information relating to all consumer credits and mortgage loans contracted by natural persons for private purposes, as well as any payment defaults resulting from these loans. This registration aims to strengthen the means of preventing the excessive indebtedness of private individuals. In this paper the data of this unique and quasi exhaustive database are thoroughly analysed. Based on the information for the registered credit contracts and the registered persons, firstly a general description of the structure and characteristics of the Belgian private credit market is given. Further, the paper investigates borrowing and payment behavior according to debtor characteristics. The study finds that borrowing patterns, especially as credit portfolio composition is concerned, clearly diverge according to age and residence. Furthermore, striking differences were found for the percentage of loan defaults if these variables were taken into account. In particular, the paper comes to the conclusion that loan defaults aggregated at the regional level show remarkably strong correlations with economic and demographic factors.

Note: Downloadable document is in French.

Number of Pages in PDF File: 76

Keywords: Credit bureau, consumer credits, mortgage loans, loan payment defaults

JEL Classification: D14, D18, G21, G22, G29, R29

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Date posted: October 12, 2010  

Suggested Citation

De Doncker, Helga, Credits to Individuals – Analysis of the Data Recorded by the Central Individual Credit Register (January 18, 2006). National Bank of Belgium Working Paper No. 78. Available at SSRN: https://ssrn.com/abstract=1690445 or http://dx.doi.org/10.2139/ssrn.1690445

Contact Information

Helga De Doncker (Contact Author)
National Bank of Belgium ( email )
Brussels, B-1000
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