The Collateral Registry’s Second Quarter Brief for 2026 revealed a 32.2% decline in security interest registrations, largely driven by a steep drop in filings from Savings and Loans Institutions. The total number of registrations fell to 92,033 from 135,721 in the same period a year earlier.
Despite the drop in volume, the registry recorded a 73.4% increase in the total value of secured credit registered, signalling robust growth in lending activity year‑on‑year. This contrast highlights a shift towards higher‑value loans even as the overall number of filings decreased.
Search activity on the Collateral Registry Application System (CRAS) rose 13.9%, climbing from 17,140 searches in Q2 2025 to 19,518 in Q2 2026. The uptick in searches reflects stronger use of the Registry’s platform by lenders and other stakeholders, improving credit due diligence and reducing information asymmetry.
The increase in searches is attributed to intensified sensitisation and training efforts by the Registry. Between Q1 and Q2 2026, searches grew 8.7%, from 17,955 to 19,518.
Registrations by Savings and Loans Companies dropped 42.4%, falling from 119,649 in Q2 2025 to 68,871 in Q2 2026. Savings and Loans accounted for the largest share of searches, recording 12,397 searches in Q2 2026, a 3.6% year‑on‑year rise from 11,968 in Q2 2025.
Looking ahead, the registry will continue monitoring registration trends and supporting lenders through training initiatives to maintain transparency and confidence in the secured credit market.
