Dun & Bradstreet Meets Tanzanian Bankers at Consultative Workshop

Dun & Bradstreet Credit Bureau Tanzania, the first licensed Credit Bureau in Tanzania is set to meet with Bank Executives at a consultative workshop on the 3rd of May, 2013 at the Hyatt-Kilimanjaro hotel in Dar es Salaam.

The workshop which is a precursor to the official opening of Dun & Bradstreet Credit Bureau’s offices in Tanzania is aimed at breaking the ice between the credit bureau and the banks and financial institutions.

According to Mr. Miguel Llenas – C.E.O of Dun & Bradstreet Credit Bureau, “The workshop is designed to be very detailed and will focus specifically on how we intend to help banks and financial institutions in Tanzania improve the assessment of credit/loan applicants with a view to ensuring that they make only the most informed business decision that reduces their Non-Performing Loans ratio and creates an easily identifiable pool of credit-worthy customers.” 

Also, speaking further about the planned workshop, General Manager Dun & Bradstreet Credit Bureau Tanzania Adebowale Atobatele said, “The workshop is simply an opportunity for us to meet with, and listen to our partners in Tanzania. We consider the banks and financial institutions in Tanzania to be our partners. We exist to serve them and it is important for us to understanding the specific challenges that they encounter in their business of creating risk assets. We believe that the contributions from the banks and financial institutions will help us develop a solution that is in the best interest of Tanzanian Banks, Tanzania’s Financial Sector, Tanzania’s Economy and Tanzanians as whole; and that also meets globally recognized best credit reporting standards.”

The workshop of May 3rd follows the successful commencement of Dun & Bradstreet operations in Ghana.

The presence of Dun & Bradstreet Credit Bureau in Tanzania meets the much anticipated boost to the financial stability and strengthening efforts of the Bank of Tanzania and will bridge the information asymmetry in the banking sector.