Established in May 2013, JSC "Credit Information Bureau" (KIB) is the first licensed credit information office in Latvia. As part of Creditinfo Group, a global leader in credit information and risk management solutions, KIB is dedicated to empowering Latvian businesses and individuals to make sound financial decisions.
KIB operates under the supervision of the Data State Inspectorate, ensuring the secure and responsible handling of all data. By accumulating information from a wide range of companies and leveraging data from state and commercial registries, KIB provides Latvian companies with valuable tools to:
- Make informed decisions quickly: Access to comprehensive credit information allows businesses to assess potential partners, control debtors, and optimize financial strategies.
- Reduce financial risks: KIB's data-driven insights help businesses identify and mitigate potential risks associated with credit defaults and insolvencies.
- Boost profitability: By making informed credit decisions, companies can improve cash flow and increase overall turnover.
KIB goes beyond simply providing data. Their secure online platform, https://www.kib.lv/, offers Latvian businesses 24/7 access to a comprehensive database of financial information on companies and individuals. Additionally, KIB offers value-added services such as:
- Regular payment behavior assessments: KIB analyzes trends to anticipate potential risks and opportunities.
- Credit ratings and insolvency insights: Gain valuable insights into the creditworthiness of companies.
- Personalized credit reports: Individuals can access their credit history for free twice a year through https://www.manakreditvesture.lv/ This report details active liabilities, delayed payments, and inquiries made by companies seeking credit information.