The circular governs the State Bank’s departments and entities, the SBV branches of provinces and the cities directly under the central government, credit institutions and foreign bank branches, borrowers and other relevant stakeholders.
According to an official statement from SBV, the national credit information database aims to support SBV’s role in managing and supervising banking operations in the country, help credit institutions prevent and mitigate risks in their operations and assist borrowers to get access to bank loans, thereby contributing to the socio-economic development. The circular is expected to take effect on 1st of July, 2013.
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Autor(en)/Author(s): Clarice Africa
Quelle/Source: futureGov, 18.02.2013
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