Zimbabwe Credit bureau registers 2.3 million customers

The country's largest credit reference bureau, Financial Clearing Bureau (FCB), says it had 2,3 million customers on its database at the end of the second quarter of the year.

In a newsletter, FCB said its hit rate that is the probability that FCB already has some information on a search continued to improve, breaking through the 70% level for individuals and increasing to over 40% for companies.

It said the bad rate for searches on the FCB remained stable at 5,63% compared to 9,23% at the end of the third quarter of 2014.