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{
    "id": 267502,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/267502/?format=api",
    "text_counter": 463,
    "type": "speech",
    "speaker_name": "Mr. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Mr. Deputy Speaker, Sir, let hon. Members read it. This is an authentic document and I have already tabled it. It has been photocopied. I am only making reference to an official document. Mr. Deputy Speaker, Sir, what I said – and I want hon. Kimunya to get this – is that we got a lot of information not directly from the Governor himself, but from the institution. The institution is not the Governor. So, the document is there and it is not my creation. I have made copies of it. Mr. Deputy Speaker, Sir, I was only referring to the document. I said that using that document, clearly there was arbitrage. Clearly, banks got a free opportunity to make money out of Kenyans. This is the way they did it during that period. During the said months of 2011, this is the amount that different banks borrowed from the discount window. I want to read because this is public information. If you add all this, it totals to Kshs600 billion in 2011 against Kshs11 billion in 2010. This was free money and this is how they did it: Kenya Commercial Bank borrowed Kshs148 billion from the discount window in 2011. In 2010, they borrowed Kshs960 million. You can compare Kshs148 billion against Kshs960 million. In 2011, they borrowed Kshs148 billion and above. Mr. Deputy Speaker, Sir, the Standard Chartered borrowed Kshs1,170,000.000 in 2010 and Kshs7,555,000,000 in 2011. Barclays Bank borrowed Kshs2.3 billion in 2010 and Kshs146 billion from the CBK in 2011. Citi Bank in 2010 borrowed Kshs700 million and zero in 2011. Bank of Africa borrowed Kshs1.2 billion in 2010 and Kshs23 billion in 2011. Commercial Bank of Africa borrowed zero in 2010 and Kshs3.315 billion. The Co-operative Bank of Kenya borrowed Kshs2.3 billion in 2010 and Kshs186 billion in 2011. CFC Stanbic in 2010 borrowed Kshs700 million and Kshs1.29 billion in 2011. NIC Bank borrowed zero in 2010 and Kshs3.9 billion in 2011. I & M Bank in 2010 borrowed zero and Kshs3.9 billion in 2011."
}