The new standards will see lenders seek more information from their clients

National bank banking hall Harambee avenue branch taken on PHOTO:WILBERFORCE OKWIRI

NAIROBI, KENYA: Commercial banks will have to up their game in collecting and keeping data about its creditors to avoid colliding with external auditors.

This will follow the implementation of new the accounting rule, International Financial Reporting Standard (IFRS) 9 in January next year.