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{
    "id": 644577,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644577/?format=api",
    "text_counter": 145,
    "type": "speech",
    "speaker_name": "Hon. J.K. Bett",
    "speaker_title": "",
    "speaker": {
        "id": 1765,
        "legal_name": "James Kimaru Bett",
        "slug": "james-kimaru-bett"
    },
    "content": "Bank is a good example in this country. It has opened many branches even outside this country. It encourages small and medium-sized enterprises. Other banks should borrow a leaf from this. Many commercial banks in this country collude when they are setting the interest rates. Commercial bank “A” and commercial bank “B” collude to set very high interest rates. We do not see the forces of demand and supply operating in the banking industry. Otherwise, the interest rates would be lower. I support the Bill. I will propose amendments when it will come to the Committee of the whole House, so that we put in place stiffer penalties on directors and those who make decisions when it comes to banks. This will discourage them from making adverse decisions that make Kenyans lose their money. I thank Hon. Jude Njomo and ask Members to support this Bill."
}