Payout for Landsbanki depositors this month

Wednesday 6th January 2010, 2:59PM GMT.

Depositors will receive another payment later this month

Depositors will receive another payment later this month

ISLANDERS who deposited money in an Icelandic bank that collapsed are expected to get more of their savings returned later this month.

About 100 Jersey depositors in the Guernsey branch of Landsbanki are still owed about £2 million, after the bank failed in October 2008.

Over a period of time they have slowly been repaid chunks of their savings and have so far got back about 55 per cent.

It is now anticipated that they will receive between another 11 and 12.5 per cent later this month.

The bank’s Guernsey-based administrators say they intend to pay a third distribution to creditors this month. This will mean depositors will have received between 66 and 67.5 per cent of their savings back.


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