2019-05-29

Banking Circular No. 5 of 2019 - Rollout of New Data Specification Template (Version 4) for Sharing of Credit Information with Credit Reference Bureaus(CRBs)

In 2019, the Central Bank of Kenya launched a new Data Specification Template (Version 4) to improve the sharing of credit information among authorized credit information providers. The revised DST aims to enhance completeness, uniformity, and comparability of shared data. It introduces daily submissions of customer information to CRBs, standard validation checks for data analysis, and a classification of non-performing loans based on prudential risk classification. A three-month transition period is provided for institutions to adapt to the new template, with any failure to comply attracting remedial action as specified under the Credit Reference Bureau Regulations 2013.

Kenya

Central Bank of Kenya

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