MCIB is a public registry of borrower information and provides factual information on the creditworthiness of borrowers. It  BIS central bankers’ speeches  5  improved the provision of credit information. It was also instrumental in lowering the ratio of non-performing loans in banks. In other words, it improved the quality of banks’ loan portfolio.
While we have been busy warding off pressing unsolicited offers to acquire it from us, we have also been constantly expanding the coverage of MCIB. In 2009, we replaced the MACSS software with a new application based on international best practice. It is built on a more resilient architecture and supports multi-currency transactions including payment of tax bills in foreign currency.