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{
    "id": 676353,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/676353/?format=api",
    "text_counter": 136,
    "type": "speech",
    "speaker_name": "Hon. Odera",
    "speaker_title": "",
    "speaker": {
        "id": 2858,
        "legal_name": "Arthur Papa Odera",
        "slug": "arthur-papa-odera"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. I want to congratulate, Hon. Jude Njomo, for coming up with a Bill that is long overdue. We had the Donde Bill earlier on which was a missed opportunity for Kenyans to make sure they get value for money in the banking sector. We know that the gap between what customers receive as deposit rates and what they pay as interest rates when they borrow from banks is inordinately huge and unreasonable. It explains why if you look at the top 10 most profitable companies in Kenya, you will find an inordinate representation of banks. We must, therefore, challenge banks through this Bill to find other ways of making money, to add value to their customers, to provide a wide range of services, to find services that add value to this economy rather than just exploiting borrowers. I support the Bill fully. We also know that it is possible to make money without exploiting customers. It is possible to leverage technology. It is possible to look at the range of services they provide to The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}