Monday, July 4, 2011

CBK LICENCES THE SECOND CREDIT REFERENCE BUREAU – METROPOL CREDIT REFERENCE BUREAU LIMITED (METROPOL CRB)

On the 11th of April 2011, the Central Bank of Kenya (CBK) granted a licence to Metropol CRB to offer banking sector credit information sharing services in Kenya. Metropol Credit Reference Bureau Ltd, which is a wholly-owned Kenyan company, is the second licensed credit reference bureau in Kenya after CRB Africa Ltd which was licensed in February 2010. The licence has been granted pursuant to the Banking (Credit Reference Bureau) Regulations, 2008 which empower the Central Bank of Kenya to licence and supervise credit reference bureaus (CRBs) in Kenya. CRBs facilitate information sharing among institutions licensed under the Banking Act. The licensing of Metropol CRB is expected to enhance competition in the credit information sharing market. This will lead to increased choice for banks and product variety. Customers will also have more options in accessing their credit reports. 

http://www.kenyacreditinfo.com/