CRIF joins Eurofinas as Associate Member

Commenting on the decision by Eurofinas’ Board of Directors to welcome CRIF as associate member, the Federation’s Chair P. Guijarro said that “CRIF’s expertise in credit information and management will be very valuable to our membership especially in the current economic climate. CRIF shares our commitment to responsible lending practices. We have been working hard to raise awareness about the importance of proper credit risk management and adequate consumer information. Responsible lending is the cornerstone of a strong and healthy environment and we are proud to have CRIF on board.”

"We are pleased to join Eurofinas as an associate member" said Simone Capecchi, Director of Corporate Offer Western Europe, CRIF. "The membership will give us an opportunity to share with the European credit industry and the other members of the Federation, and at the same time improve, the knowledge and experience we have gained working in the worldwide retail and consumer credit markets as a highly specialised company in the fields of credit reporting and decisioning".

Eurofinas, the European Federation of Finance House Associations, is the voice of consumer credit providers in the EU. As a Federation, Eurofinas brings together associations throughout Europe that represent finance houses, specialised banks, captive finance companies of car, equipment, etc. manufacturers and universal banks. The scope of products covered by Eurofinas members includes all forms of consumer credit products such as personal loans, linked credit, credit cards and store cards. Consumer credit facilitates access to assets and services as diverse as cars, furniture, electronic appliances, education etc.
It is estimated that together Eurofinas members financed over 324 billion euros worth of new loans during 2010 with outstandings reaching 824 billion Euros at the end of the year.

More information on Eurofinas activities available at www.eurofinas.org