Equifax Credit Services Credit History Bureau

Equifax Credit Services is a Russian credit history bureau. The Company provides credit institutions in the Russian Federation with information and analytical services on risk management and fraud prevention.

American Equifax is among the company's shareholders.

The Company provides credit institutions in the Russian Federation with risk management, analytics and fraud prevention services that are necessary for business development, such as: creation, processing and distribution of credit histories and reports on borrowers, protection of confidential information, provision of analytical services for banks and companies.

As of June 2017, Equifax Credit Services has a base of more than 236.6 million credit histories for individuals and organizations, replenished by 2000 organizations on a contract basis, which makes the company a leader among credit history bureaus in the Russian Federation.

Photo: securenews.ru

History

2022: Exit of Western owners from capital

As it became known on June 22, 2022, Western owners leave the capital of one of the largest credit bureaus in Russia - Equifax. 50% of the company, which belonged to Equifax Luxemburg (S.A.R.L.) and Global Pages (Czech Republic), were transferred to the shareholders of HCF Bank ( a group of investors represented by the former head of RTS Ivan Tyryshkin, Ibrahim Zagidulin, Elena Martynenko, Violetta Chaika, Dmitry Chemendryakov). The share of HKF-Bank in BKI "Equifax" remained the same - 25%.

The transaction was reported by Kommersant"" without specifying its value. Experts interviewed by the publication found it difficult to assess the financial component of the agreement. According to Dmitry Kurbatsky, partner of FG Dmitry Donskoy, the agreement could be part of a general transaction for the purchase of assets by a group of investors PPF Group and. Home Credit

Western owners withdraw from the capital of one of the largest credit bureaus in Russia

Sergey Zvenigorodsky, director of the department for sales of financial products and services of the Vector X investment company, says that if we proceed from international market practice, we could talk about 8-10 EBITDA indicators, but by June 2022 foreign shareholders leave Russian assets at minimum prices. At the same time, market participants see disadvantages in the consolidation of the bank and BKI among the same owners.

Potentially, owners can use the BKI data in a non-competitive struggle for other people's borrowers, so I think not all partners will agree to transfer the data to the BKI, "says Konstantin Lebedev, general director of the Strana Express MCC.

He added that a similar problem exists at the Russian Standard BKI, which, despite all efforts, remains captive for the bank of the same name.

By June 2022, Equifax BKI is one of the three largest credit bureaus in the Russian Federation, which together account for more than 95% of credit history data.^[1]

2019

Credit Bureau Data Widely Featured on the Black Market

All credit bureaus have been unable to protect sensitive customer data. On the black market in September 2019, "breaking" is widely represented in all major bureaus: the National Bureau of Credit Histories (NBCH), the United Credit Bureau (OKB) and Equifax. The price of services on the black market is cheap - the cost of one request for the bureau is 300-400 rubles, Devicelock reports.

Creation of scoring methodology for relatives' loans

On September 20, 2019, it became known that the credit scoring system for bank customers in Russia will take into account payments on loans to relatives. This methodology was developed by the Equifax credit bureau.  Read more here.

See also

• Credit scoring
• Credit report
• Joint Credit Bureau (OKB)
• National Bureau of Credit Histories (NBCH)

• Debt for telecommunications services (Debts of Russians for communication services)
• Debt for housing and communal services
• Lending in Russia (overdue debts, debt)
• Recourse and Subregulation Indebtedness in Russia