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{
    "id": 1283476,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1283476/?format=api",
    "text_counter": 191,
    "type": "speech",
    "speaker_name": "Molo UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "We also put him to task on the question of the collapse of several banks and institutions that have been witnessed in the past few years and Kenyans losing money in the event. Examples here are Chase Bank and First Community Bank, which is currently struggling and customers are unable to access their deposits. The candidate’s best strategy to prevent such collapse of banks is to increase the capital requirement of those particular institutions and to have mergers and acquisitions. When international banks like Standard Chartered Bank, Barclays Bank which is now ABSA Bank, and Stanbic Bank came to Kenya, there was a fear that we were giving out our banking business to multinationals at the expense of Kenyan businesses. What we would then see after a few years was the start and progression of Kenyan-owned banks like Equity Bank The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}