Mwiraria censures profit-driven banks

Multinationals banks are “too expensive, bureaucratic and profit driven” The critism came from finance minister David Mwiraria, who yesterday said the banks were out of reach as more than 80% of Kenyans lacked access to banking. Most multinational banks had closed their rural branches and centered their activities in major towns, he said.
Using biblical inference, Mr Mwiraria said: “ It is easier for a (rich) man to pass through the eye of a needle, than for an ordinary Kenyan to get a loan from a multinational bank.” Daily Nation June 29, 2005