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{
    "id": 959737,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959737/?format=api",
    "text_counter": 141,
    "type": "speech",
    "speaker_name": "Nyaribari Chache, JP",
    "speaker_title": "Hon. Richard Tong’i",
    "speaker": {
        "id": 2611,
        "legal_name": "Richard Nyagaka Tongi",
        "slug": "richard-nyagaka-tongi"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for being mindful of your brother. I appreciate that. As I was saying, controlling the interest rates alone is not going to solve the concerns that Kenyans have about the banks. We appreciate that even with the controlled interest rates, some banks are making profits and others are struggling. In this economy, as I had earlier said, we have banks which have made good profits and which have not made profits. They are actually at the verge of winding up. I mentioned the NBK which has been struggling despite the massive Government investment in it. So, it is not just enough to say that banks are making profits. Rather, it is also good to appreciate the leadership and the management of the banks which have made profits. A bank like KCB under the leadership of Oigara, Co-operative Bank under the leadership of Muriuki and Equity are managing their money and their practices prudently."
}