Do commercial banks charge exorbitant interest rates? - Veikko Nekundi

Breadcrumb

The debate around whether commercial banks are profiteering from clients through what MPs call multiple unethical charges triggered intense discussion in the National Assembly.

This comes after the Deputy Minister of Works and Transport, Veikko Nekundi, moved a motion on the possibility of investigating exorbitant interest rates charged by commercial banks.

In their contributions, several MPs highlighted the gravity of the situation, suggesting immediate action to address the injustices that they agreed that banks subject clients to.