D&B SAME is to start full time operations as the second credit bureau in Ghana from September 2011, a year after XDS Data launched as the the first. It was granted a credit referencing provisional license by the Bank of Ghana in October 2010.
Banks have often cited the high loan default rates as a major factor influencing the high interest rates regime. D&B’s Ghana Chief Executive, Miguel Llenas stated the new bureau can help the situation. Once the bureau collects all information it needs from the banks by the end of this year, the loan default of 14 per cent will reduce to eight per cent in three years.
D&B SAME is the leading provider of business-to-business credit, marketing, purchasing, collection services and decision-support services in South Asia & Middle East and a member of the D&B Worldwide Network.
Source: MyJoy Online