| Creditworthiness assessment (for example, financial lease, lease, loan, full-service lease, transaction restructuring) | Customer Name, surname, personal identification number or identity number, date of birth, place of birth, country, age, employer, business sector, type of occupation (employee in Latvia, employee abroad, pensioner, member of the management board/company owner, self-employed person, seafarer, unemployed, other), level of education (primary, secondary, bachelor’s, master’s, doctoral, other), account transactions (incoming and outgoing payments on bank accounts, as well as account statements from other banks received through PSD2 solutions (with the customer’s authorization) or in PDF format), level of income, bonuses, benefits and other payments indicating the customer’s income and its source, credit liabilities, actual payments (incoming and outgoing), country of citizenship, validity and expiry date of the residence permit, internal group information on the customer’s assets and repaid credits/lease (type of liability, start/end date, status, disbursed amount/outstanding balance/interest rate, number of days/amounts overdue), written-off debts, customer status (deceased, undesirable, legally incapacitated, insolvent, debtor, cooperation terminated, unacceptable, rejected customer), information from sworn bailiffs regarding outstanding debt obligations Information related to the household composition – marital status (married, unmarried, cohabitation), number of dependent children (for subsistence minimum calculation), relationship between the customer and the joint lessee/guarantor (first-degree relatives – spouse, cohabiting partner, parents, children), total household income, actual and declared residential address, phone number, e-mail address Credit Information Bureau (KIB): name, surname, personal identification number KIB.VID: income for the last 3 years, type and amount of income, employment start date, employer’s name and registration number KIB.VSAA: type and/or amount of benefits and/or pensions for the last 6 months, benefit start and end date (if applicable) KIB.debts: type of debt obligation (telecommunications services, utility payments and other debts), start and end date of the debt obligation, initial amount and outstanding balance, number of inquiries made about the customer, type of credit liability (type of loan), current and termination status, loan start and end date, initial amount and outstanding balance, delay start and end date, number of days and amount overdue, customer’s role at the liability level (borrower, co-borrower, guarantor), insolvency history and current insolvency status KIB.Crefo: type of credit liability, start and end date of the debt obligation, initial amount and outstanding balance, delay start and end date and number of delay days VSAA (used until 31.12.2022): name, surname, personal identification number, income amount for the last 6 months, employer’s name and registration number, employment start and end date, workplace, type of income (including benefits and pensions) Bank of Latvia Credit Register: name, surname, personal identification number, active and terminated obligations, current and termination status of obligations, initial loan amount, outstanding balance, start and end dates of the obligation, number of overdue days, customer’s role at the liability level (borrower, co-borrower, guarantor) Creditweb: information is requested about a natural person who owns a company or regarding a natural person’s employer: name, surname, personal identification number, company registration number, liquidation/insolvency, company’s annual financial report, number of employees, whether the customer holds shares/stock, start and end date of shareholding/stock ownership (this information may be used to draw conclusions regarding the company’s solvency, which may affect the granting of a financing to a customer) Insolvency Register: name, surname, personal identification number, date and status of the declaration of insolvency proceedings | Legitimate interests in ensuring responsible lending by assessing the customer’s ability to meet obligations, thereby protecting both us and the customer’s interests and preventing excessive indebtedness.- Article 6(1)(f) of the Regulation
Legal obligation - Article 6(1)(c) of the Regulation
- Bank of Latvia 18.12.2023 Regulations No. 265 Credit Risk Management Regulations
- EBA/GL/2020/06 of 29.05.2020 Guidelines on loan origination and monitoring, applicable as of 30.06.2021
- EBA/GL/2017/15 of 23.02.2018 Guidelines on connected customer under Article 4(1)(39) of Regulation (EU) No 575/2013
- Consumer Rights Protection Law
- Consumer Rights Protection Centre Guidelines No. 15 of 15.12.2021 Guidelines for assessing consumers’ ability to repay credit for credit providers offering lending services to consumers
- Bank of Latvia 25.11.2024 Regulations No. 350 Regulations on obtaining authorization to use internal models, approaches and methods for the calculation of capital requirements
| Public/private registers:- Bank of Latvia Credit Register
- VSAA (until 31.12.2022)
- Credit Information Bureau
- Crediweb
- Insolvency Register
| 5 years 3 years for applications that did not result in the provision of a service 3 years from the date on which information was requested from public/private registers |