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{
    "id": 591308,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/591308/?format=api",
    "text_counter": 31,
    "type": "speech",
    "speaker_name": "Sen. Kagwe",
    "speaker_title": "",
    "speaker": {
        "id": 229,
        "legal_name": "Mutahi Kagwe",
        "slug": "mutahi-kagwe"
    },
    "content": "Mr. Speaker, Sir, pursuant to Standing Order No.45(2)(b), I rise to seek a statement from the Chairperson of the Standing Committee on Finance, Commerce and Budget relating to the stability of small banks and alarming interest rates. In the statement, the Chairperson should explain:- (1) What was the reason for placing Imperial Bank and Dubai Bank in receivership? (2) What is causing the alarming rise in interest rates in all banks, which is bound to affect persons with mortgages, businesses with loans and, indeed, our national economic performance negatively? (3) What mitigating action is the national Treasury taking to avoid a financial run of the tier-two banks? (4) What immediate action can the Ministry take to confirm to the general public that small banks in the country are stable?"
}