The Central Bank of Solomon Islands (CBSI) said a Credit Reporting System is being established in Solomon Islands through the Credit & Data Bureau Solomon Islands, in line with the Credit Reporting Regulations.
Participating financial institutions and authorised credit information providers will upload credit information they already hold on customers to the bureau to set up the first database, CBSI said. The information may include loan account details, repayment history and other details permitted under the regulations.
Consumer consent is not required for that initial submission, the central bank said, citing Regulation 11(5) of the Credit Reporting Regulations and noting that it covers only the establishment of the initial database. CBSI said the same regulation requires that consumers be told their information is being uploaded, and that its public notice is intended to do that.
Consent will be required for any further credit information submitted after the initial upload, CBSI said, adding that it will obtain customer consent before passing any additional credit information to the bureau.
The central bank said the system should make credit and other financial services easier to get, let lenders decide faster and on better information, and give borrowers who repay on time a record they can show. Sharing accurate information would also help lenders weigh up applications and match services to a customer's situation, CBSI said.
CBSI said it remains committed to keeping consumer credit information confidential and secure, and that the regulations and other legal requirements govern how it is handled. Anyone with questions should ask their own bank or credit provider, the central bank said.
Source: Notice on the Credit Reporting System, published by the Central Bank of Solomon Islands on 7 October 2026. https://www.cbsi.com.sb/article/notice-credit-reporting-system