Good borrowers rescued from punitive bank rates
23 November 2012, 17:55
Nairobi - The Standard reports that, good borrowers will soon have their information shared across the banking sector so as to easily access loans, if a new proposal by Central Bank on credit reference bureaus is adopted.
The banking sector regulator has revised the Credit Reference Bureaus (CRB) Regulations to facilitate full reporting and provide a legal framework for sharing of positive information by commercial banks.
CBK has invited the public to submit comments on the draft revised CRB Regulations by December 14, 2012.
- For more details visit the Standard