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Banks conducted the highest number of enquiries on the credit bureau databases with a total of 13,522,171 searches. This represented 84.93% of total enquiries compared to 77.83% in 2023. Microfinance and Microcredit institutions followed with 8.82% of total enquiries in 2024, a decrease from 11.0% recorded in 2023. Searches amongContinue Reading

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In: Business
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Searches on the database of credit bureaus increased by 114.60% in 2024, the Credit Reporting Activity 2024 has revealed. This rose from 13,745,137 in 2023 to a total of 29,496,440 in 2024. According to the report, these searches were conducted by financial institutions and other authorised users of the CreditContinue Reading

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