The State Bank of Puntland (SBP) is committed to establishing a robust Credit Bureau to enhance transparency and support the responsible management of credit in Puntland. The Credit Bureau will provide a comprehensive system for collecting, analyzing, and sharing credit information on individuals and businesses. By offering a centralized database of credit histories, it will help financial institutions assess the creditworthiness of borrowers, reduce lending risks, and promote financial inclusion. This initiative will strengthen credit reporting standards, improve access to credit, and foster responsible lending practices, ultimately contributing to the stability and growth of Puntland’s financial system.