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{
    "id": 685244,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/685244/?format=api",
    "text_counter": 94,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "Bank of Kenya (CBK), as the regulator in the banking industry, to ensure that this matter is followed to the letter. We cannot accept the proposal of increasing the capital base from Kshs1 billion to Kshs5 billion. The Luhya community has been struggling to come up with a Mulembe Bank. Majority of these banks come from certain regions. The capital base should remain at Kshs1 billion for purposes of equity. We now have Kshs400 million and so, if you increase the capital base from Kshs1 billion to Kshs5 billion, when will we ever have a bank? That is not acceptable. The collapse of banks has nothing to do with the capital base. We should look at governance of these banks."
}