ECCB Highlights Benefits of ECCU Credit Bureau to Financial Institutions and Customers
Citizens and residents across the Eastern Caribbean Currency Union will see improved access to credit with the introduction of the ECCU Credit Bureau.
Speaking on this week’s episode of ECCB Connects, CEO, EveryData ECCU Limited, Van Reynders, highlights the major benefits of the ECCU Credit Bureau to the financial institutions operating within the region. He points out that the presence of a Credit Bureau not only significantly reduces the time it takes for financial institutions to conduct a risk assessment, but also reduces non-performing loans and helps these institutions increase their loan portfolio offerings. Reynders emphasizes that customers also benefit by having access to responsible credit in real time and at a reduced cost.
The ECCU Credit Bureau is a licensed institution by the Eastern Caribbean Central Bank under the Credit Reporting Act with a mandate to collect and protect credit related information from a range of financial institutions on a monthly basis within the region.
View the full discussion on the ECCB’s social media platforms, using the handle ECCB Connects.
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