Bologna, Italy, November 27, 2013

CRIF strengthens its presence in the Asia-Pacific region with new offices in Hong Kong and the Philippines

CRIF, a company specializing in the development and management of credit reporting, business information and decision support systems, today announced the opening of two new offices in Hong Kong, China, and Manila, in the Philippines, to meet the increasing demand for risk and credit management solutions in the region.

Alongside existing operations in China and Indonesia, and consolidated partnerships in Vietnam, India and Bangladesh, the new representative offices will strengthen CRIF’s local presence as well as throughout the Asia-Pacific area. CRIF will be able to deliver integrated services and its international know-how directly to clients across Asia.

As reported in the latest Doing Business Report issued by IFC-World Bank, both China and the Philippines are ranked as countries where it is easy or has become easier to do business and where the credit industry has high potential for growth.

“The opening of the Hong Kong and Manila offices marks a significant move to intensify CRIF’s activity in the Asian market and support continued growth. CRIF aims to help banks and financial institutions in the region to become high-performance businesses by taking more informed decisions and improving credit risk management” - said Carlo Gherardi, CRIF CEO -. “We are very committed to providing the marketplace with our extensive experience and comprehensive capabilities in the field of credit reporting, business information and decision support systems”.

Established in 1988 in Bologna, Italy, CRIF operates over four continents (Europe, America, Africa and Asia) and supports financial institutions, insurance companies, utilities and businesses in over 40 countries in every phase of the customer relationship.

CRIF is currently the leading group in continental Europe in the field of banking credit information and one of the main operators on an international level in the field of integrated services for business & commercial information and credit & marketing management and supports more than 2,400 banks and financial institutions all over the world on a daily basis.