accordance with the Credit Data Law, 5776-2016, the Bank of Israel is working
to establish a credit data sharing system in Israel, which is to include a Central
Credit Register (CCR).


will assist in enhancing competition in the retail credit market by expanding
the information available to credit providers when assessing the level of a
customer’s credit risk, will increase the access to credit and will also serve
as a database of nonidentifying information that will improve the Bank of
Israel’s ability to monitor developments in the consumer credit market, thus serving
the Bank in the fulfilment of its functions, including for macroeconomic
research needs and the development of effective policy tools.


Bank of Israel decided to contract with the Matrix IT company on the issue of
the establishment, operation, and maintenance of the credit data sharing system
in Israel. The agreement includes operation and maintenance for a period of one
year after its establishment, with an option to extend.​