The event showcased the Bureau’s performance for the year under review and underscored its commendable achievements and steadfast commitment to advancing credit inclusivity within Sri Lanka’s financial ecosystem, leveraging cutting-edge technological platforms.
Held under the theme ‘Data in Action, Change in Motion’, the AGM was presided over by the Chairman of CRIB and Deputy Governor of the Central Bank of Sri Lanka, Mr. J.P.R. Karunaratne, who delivered the keynote address.
This was followed by a comprehensive presentation on the Bureau’s operational and strategic performance by the Director/General Manager Mr. Pushpike Jayasundera.
The meeting was attended by representatives of all 64 shareholder financial institutions of the Bureau, reflecting the continued engagement and collective vision of CRIB’s stakeholders.
The steady recovery of the Sri Lankan economy during the year in review was reflected in the CRIB’s performance in its capacity as the National Credit Information Bureau; backed by a digital revamp and powered by a state-of-the-art Credit Information Management System, CRIB delivered 8.9 million credit reports in 2024, a significant 41% increase from the 6.3 million reports delivered in 2023.
The Bureau also disclosed that 81% of Sri Lanka’s adult population had entered the CRIB database at the close of the period in review, which translated to 7.01 million persons with active credit records in Sri Lanka.
The total number of active credit records at the close of 2024 was 14.8 million.
Addressing the gathering, CRIB's Director/General Manager, Mr. Pushpike Jayasundera, underscored the Bureau’s transformational journey from a conventional credit reporting body to a data-driven powerhouse at the heart of Sri Lanka’s financial sector.
He highlighted that CRIB’s credit database had expanded to over 17 million records, with integration of new data sources such as gold loans, margin trading, factoring, and even non-traditional data from utilities and telecom providers.
“Data, when harnessed responsibly, is one of Sri Lanka’s most valuable national assets,” Mr. Jayasundera stated. “Our mission is to use this asset to unlock greater financial inclusion, foster responsible lending, and create a more resilient and equitable credit ecosystem.”
Among the Bureau’s notable achievements in 2024 was securing the necessary clearances with regard to Secured Transactions Registry, in collaboration with the Ministry of Finance and the Central Bank of Sri Lankan paving the way for MSMEs and the general public to access credit providing movable assets as collateral.
Alongside the introduction of advanced credit scoring models designed to support SMEs and revival lending.
The sharp 176% surge in self inquiry reports branded as “MyReport” reflected growing public engagement with credit awareness, Credit literacy, and financial empowerment.
Strengthening its digital infrastructure, CRIB implemented real-time integration with DRP, pursued ISO 8000 certification and undertook comprehensive preparations to ensure compliance with the forthcoming Data Protection Act, thereby reinforcing its position as a secure, technologically advanced institution committed to maintaining the highest standards of data accuracy, governance, and integrity.
Looking ahead, the Bureau remains focused on driving transparency, efficiency, and inclusion through transformative initiatives such as the CRIB mobile application, which will give users direct access to credit profiles, real-time alerts, and enhanced control over their financial journeys, marking a significant step forward in building a more inclusive financial future and a data-driven economy for Sri Lanka.
The Board of Directors and Shareholders of the Credit Information Bureau of Sri Lanka (CRIB,) comprising the Monetary Board of the Central Bank of Sri Lanka, Licensed Specialized Banks, Licensed Commercial Banks, Licensed Finance Companies, Licensed Leasing Establishments, and Other Lending Institutions, attended the Annual General Meeting.
Among those present were Mr. J.P.R. Karunaratne, Chairman of CRIB and Deputy Governor of the Central Bank of Sri Lanka; Mr. Pushpike Jayasundera, Director and General Manager of CRIB; Mr. Indika Dissanayake, Senior Manager - Operations at CRIB; Mr. H.M.A. Seneviratne, Director - CRIB and Managing Director of Siyapatha Finance PLC; Mr. W.M.N.S. K. Weerapana, Director - CRIB and Chief Recovery Officer of LOLC Finance PLC; Mr. R.J. Jayasekara, Director - CRIB and Chief Executive Officer of Seylan Bank PLC; Mr. K.K.J.C. Fonseka, Director - CRIB and General Manager of People’s Bank; and Mr. D.P.N. Rodrigo, Director - CRIB and Chief Executive Officer of Union Bank of Colombo PLC; Mrs. R.R.S. De Silva Jayatillake, Director- CRIB and Director of the Bank Supervision Department of the Central Bank of Sri Lanka, and Mr. W.P.R.P.H. Fonseka, Director CRIB and General Manager/Chief Executive Officer of Bank of Ceylon.
Photo Caption
Board of Directors from Left to Right:
1.Mr.J.P.R. Karunaratne - Chairman - Credit Information Bureau of Sri Lanka / Deputy Governor - Central Bank of Sri Lanka.
2.Mr. Pushpike Jayasundera - Director- General Manager - Credit Information Bureau of Sri Lanka.
3.Mr. Indika Dissanayake - Senior Manager - Operations - Credit Information Bureau of Sri Lanka.
4. Mr. H.M.A. Seneviratne - Director - Credit Information Bureau of Sri Lanka / Managing Director - Siyapatha Finance PLC.
5. Mr. W.M.N.S. K. Weerapana - Director- Credit Information Bureau of Sri Lanka / Chief Recovery Officer - LOLC Finance PLC.
6. Mr. R.J. Jayasekara - Director - Credit Information Bureau of Sri Lanka / Director - Chief Executive Officer - Seylan Bank PLC.
7. Mr. K.K.J.C. Fonseka - Director- Credit Information Bureau of Sri Lanka / General Manager - People’s Bank.
8. Mr. D.P.N. Rodrigo - Director - Credit Information Bureau of Sri Lanka / Director- Chief Executive Officer - Union Bank of Colombo PLC.