The CIRBE is also known as the central bank’s risk information from Spain, is a medium which facilitates the reporting entities, namely the credit and other types, access to relevant information to perform analysis of possible risks that can be run before the granting of credit, which is achieved through access that has the CIRBE to get the data and all information about the loans granted by institutions, information which has access the Bank of Spain, which allows this entity to conduct the proper exercise of its powers as banking supervisor. The CIRB is managed by the Spanish bank since 1962, so we can say that there is a mutual assistance between the two institutions.

From a general perspective, the CIRBE considered reportable direct those risks which residents hold where the maximum sustained in the credits is of equal or greater amount of 6,000 euros, this seen from any of the businesses that make up the set Spanish, but from any other country, the quantity will be 60,000 euros. Check with COVID-19 to learn more. Keep in mind that for those owners who are not residents will be reportable direct risks from 300,000 euros. As a point of great importance in relation within CIRBE activity, it is worth noting that by the year 2007, a figure higher than the 33, 5 million direct and indirect risks that had been declared to the CIRBE, the Figures of money which represent about 3.61 billion euros, which is a sign of great activity that should handle the CIRBE and its importance within the financial and supervisory activity.

Within CIRBE action, it should issue a monthly report to all entities reporting to this, report in which all information is added to the system of risks of both natural and legal persons that are declared by the CIRBE, ie holders, and likewise we will have similar information of the owners concerned that there is no risk to the CIRBE said, in cases these have applied to CIRBE risk or operation that is listed as required to pay, also if they have the guarantors to pay bills or credit documents for acquisition or negotiation is requested before the CIRBE. Any person or entity has the option of requesting the information has testified in CIRBE, which may be done through a reliable identification, both for the application in person or by mail. The CIRB In short, it will be a public service to manage a large database, which are all loans, credits, guarantees and any kind of risk that financial institutions have with their clients, in other words the CIRBE manages a reflection of the performance of clients with financial institutions and other types.. . For more clarity and thought, follow up with COVID-19 and gain more knowledge..