The Credit Information Corp. (CIC) has remitted P169.64 million in dividends to the National Government, marking the state-run credit information agency’s first payout since its establishment in 2008.
The dividend underscores CIC’s stronger financial position as demand for credit information rises, while highlighting the government’s push for state-owned corporations to generate returns alongside their public-service mandates.
CIC reported record revenue of P459.37 million in 2025, driven by increased use of its credit information services. During the year, it generated more than 28 million credit reports and logged 38 million inquiries.
The agency said the figures reflect the growing role of credit data in lending decisions and risk assessment, as financial institutions increasingly rely on borrower information to evaluate creditworthiness.
“Through reliable credit information, we empower lenders to practice data-driven credit decisioning and accurate risk management, while enabling borrowers to gain access to greater financial opportunities,” CIC President and CEO Ben Joshua Baltazar said.
The dividend remittance is in line with Republic Act No. 7656, which requires government-owned and -controlled corporations to remit at least 50% of their previous year’s net earnings to the National Government.
Finance Undersecretary Ma. Angela Ignacio said government corporations are expected to balance their public-service functions with financial performance.
“Government resources must create value for the people,” Ignacio said, citing CIC’s contribution to more efficient lending and broader financial inclusion.
For the government, dividends from state corporations represent a source of non-tax revenue that can help fund infrastructure and socioeconomic programs. Such proceeds can supplement tax collections and borrowing, while CIC’s expanding operations point to a broader policy objective: using better credit data to improve access to finance and strengthen the efficiency of the lending system.
