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Central Bank of Kenya seeks reforms to clip CRB powers

Central Bank of Kenya Governor Patrick Njoroge

Central Bank of Kenya (CBK) Governor Patrick Njoroge has hinted at changes in the banking law to reform how banks use customers' credit ratings.

Dr Njoroge said on Thursday players in the sector were working on reforms on credit information sharing and how banks use data on customers’ credit history, especially from Credit Reference Bureaus (CRBs) to price loans.

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