Eastern Caribbean Central Bank (ECCB) Advises Public on Credit Reporting Requirements of Credit Information Providers (CIPs)

ECCB Media Release

23 July 2024, Basseterre, Saint Christopher (St Kitts) and Nevis - The ECCB wishes to inform the public that in accordance with the Credit Reporting Act, all entities classified as Credit Information Providers (CIPs), such as banks, financial institutions, money services businesses, credit unions, insurance companies, and micro-finance institutions, and any other entities designated by the ECCB, are required to share information with a licensed credit bureau.

EveryData ECCU Ltd was licensed by the ECCB to operate in Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, Saint Christopher (St. Kitts) and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. EveryData ECCU Ltd. is scheduled to go live with its credit reporting operations in September 2024.

Accordingly, each CIP is required to share credit information on all borrowers with the licensed credit bureau, provided that the CIP notifies borrowers via posting a notice at the CIP's business location, website, or through other appropriate methods.

The credit bureau will improve the assessment and pricing of credit risk and help expand credit in the ECCU. For more information, persons can check out the frequently asked questions here.


About the Eastern Caribbean Central Bank

The Eastern Caribbean Central Bank (ECCB) was established in October 1983. The ECCB is the Monetary Authority for: Anguilla, Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, SaintChristopher (St Kitts) and Nevis, Saint Lucia and Saint Vincent and the Grenadines.

Media Contact: Shermalon Kirby, Director, Corporate Relations Department

Phone: (869) 465-2537 | Fax: (869) 465-9562

E-mail: info@eccb-centralbank.org | Website: www.eccb-centralbank.org

 

 

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About The Organisation of Eastern Caribbean States

Back to www.oecs.int

The Organisation of Eastern Caribbean States (OECS) is an International Organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance among independent and non-independent countries in the Eastern Caribbean. The OECS came into being on June 18th 1981, when seven Eastern Caribbean countries signed a treaty agreeing to cooperate with each other while promoting unity and solidarity among its Members. The Treaty became known as the Treaty of Basseterre, so named in honour of the capital city of St. Kitts and Nevis where it was signed. The OECS today, currently has eleven members, spread across the Eastern Caribbean comprising Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia, St Vincent and The Grenadines, British Virgin Islands, Anguilla, Martinique and Guadeloupe. 

Contact

Morne Fortune Castries Saint Lucia

+1758-455-6377

media@oecs.int

www.oecs.int