2014-02-24 | 1324096760

Banking Circular No 1 of 2014 - Rollout of Full File Credit Information Sharing

The Central Bank of Kenya has announced the rollout of a full-file credit information sharing mechanism for commercial and microfinance banks, effective February 28, 2014. All commercial and microfinance banks are required to submit full-file credit information to licensed credit reference bureaus by March 10, 2014, and incremental data on a monthly basis thereafter. Banks and microfinance institutions that fail to comply with the reporting requirements may face remedial action as specified by the relevant acts and regulations.

Kenya

Central Bank of Kenya

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