Cyprus credit scoring system records 986 data access requests in first two months
Artemis Credit Bureau said 986 individuals and legal entities accessed their credit data during the first two months of Cyprus’ new Credit Score system.
Nicosia, Cyprus. Cyprus’ new Credit Score system completed two months of operation, with 986 individuals and legal entities accessing their data, Artemis Credit Bureau general manager Yiannis Tomasides said.
The system began producing creditworthiness scores on July 15, 2026, as part of the upgrade of the Artemis Data Exchange Mechanism.
System operation
Speaking to the Cyprus News Agency, Tomasides said he was satisfied with the implementation and operation of the project, which was introduced in Cyprus by Artemis Credit Bureau.
He described the system as an important infrastructure project for the financial sector and the Cypriot economy.
How the score is determined
A Credit Score is a numerical value assigned to a borrower using information on their credit behaviour held in the relevant database, Tomasides said.
In Cyprus, this information is held within the Artemis Data Exchange Mechanism. The score places borrowers on a creditworthiness rating scale and indicates the probability of default on financial obligations over the following 12 months.
Regulatory framework and access
Tomasides said the project resulted from cooperation between competent authorities and Artemis Credit Bureau, which implemented the system.
The Ministry of Finance, the Central Bank of Cyprus and the Office of the Commissioner for Personal Data Protection prepared the required legislative and regulatory framework.
The Credit Score is available to participants in the Artemis Data Exchange Mechanism, including banks, credit servicers and leasing companies.
This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →