Registration in the Italian Central Credit Register (CR): what does it involve?

When you get notified to the Central Credit Register (CR) and when you should worry about it

Have you been listed in the Italian Central Credit Register?

As alarming as it may sound, being listed in Central Credit Register does not constitute a problem. The Central Credit Register (also known as CR) is a credit information system supervised by the Bank of Italy, which collects information on the loans and collateral (> 30.000 €) financial institutions grant to their customers.  The system provides both positive and negative insights, which are used by financial intermediaries to assess the financial reliability of their clients.


Financial institutions must report to the Bank of Italy all clients with a debt or guarantee exceeding €30,000, whether individuals or companies. Notifications cease when the debt falls below the threshold of 30,000 €  or is extinguished.

Attention to: overdrafts, overdrawn accounts, and non-performing loans

The CR report provides details on the type of financing, their amount, and their status. Warning signs for the banking system and a potential reason for credit refusal are:

  • overdrafts;
  • overdraws
  • Non-Performing Loans: in this case, access to credit is denied as the bank has no longer confidence the debt will be repaid.

Credit utilization above 75%: possible financial distress

Among the data to which you should pay attention, there is the ratio between the amount of credit granted by the bank and the amount of credit actually used by the client. This information is necessary to measure financial distress.

Financial distress can arise from specific types of financing:

  • Self-liquidating risks:  loans granted by the bank to customers who have receivables from third parties, which the financial intermediary acquires. An example of self-liquidating risks are factoring transactions;
  • revocable risks: credit lines which can be used by the party within fixed limits, revokable by the bank at any moment (credit card);
  • maturity risks: credits repaid in installments by the client, such as mortgages, leasing, and personal loans;

In the first two cases,  financial distress occurs if the ratio exceeds 75%. Although it is possible to use 100% of the credit granted, once the 75% threshold has been exceeded, the likelihood of overdraft is considered more probable. 

For maturity risks, on the contrary, the ratio must be equal to 100%. A different percentage indicates the installment has not been fully paid.

The Central Credit Register determines access to credit

The CR provides information that can determine not only access to credit but also the terms of the financing.

All banks receive monthly the CR of their customers from the Bank of Italy. In addition, the CR is queried every time a new client applies for a loan to check the on-time payments of debts contracted with other banks.

Reading this document is therefore essential to monitor the health of your business and ensure you and your company the access to credit in any form and at any time.

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