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{
    "id": 277184,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/277184/?format=api",
    "text_counter": 1020,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Transport",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, I stand to oppose that amendment on the basis that the amendment is trying to dilute the strength of the banking sector. It is basically saying that anyone who has Kshs250 million can open a financial house and call it a bank. We have moved from there as a country. It also means that a bank with Kshs250 million is capped in terms of the amount of money they can lend. The reason we moved and this House approved that we should move progressively to banks increasing their capital to Kshs1 billion was to protect the financial sector, so you only have sound banks operating within the country. All the 45"
}