CBK asks banks to consider other loans pricing metrics

The Central Bank of Kenya. PHOTO | DENNIS ONSONGO | NMG

The Central Bank of Kenya (CBK) has asked lenders to consider other metrics in addition to a borrower’s credit score to offer appropriately priced credit.

This comes amid concern that lenders are relying on adverse reports issued by Credit Reference Bureaus (CRBs) to blacklist and deny borrowers credit.

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