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{
    "id": 273014,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/273014/?format=api",
    "text_counter": 360,
    "type": "speech",
    "speaker_name": "Mr. Muriithi",
    "speaker_title": "The Assistant Minister for Industrialisation",
    "speaker": {
        "id": 91,
        "legal_name": "Ndiritu Muriithi",
        "slug": "ndiritu-muriithi"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, I want to correct one misperception that exists in this country, which is that banks make abnormal profits. I want to explain very clearly that when a bank says it has posted Kshs10 billion or Kshs15 billion in net profit, one must look at what were the assets deployed in order to make these profits. What you will find is that these banks, in fact, their return on assets and investments is nowhere beyond 5 per cent as compared to other industries like the Telecommunications industry, where return on assets and turnover is in excess of 40 or 45 per cent. But that is not to say that the difference between what an ordinary saver is getting for their money and what they are borrowing at is not significant. It is significant and big. That is the point of reform."
}