KSFIOM Liquidators 7 Dec 11: Position at 30 Nov and letter to Icelandic Minister

Category: Newsflash

During November 2011, four loan facilities were redeemed in part realising £1.5 million overall.

A letter has been sent to the Icelandic Minister of Economic Affairs ...

Statement by Mike Simpson, Joint Liquidator:

"On 27 October 2011, Árni Páll Árnason, the Icelandic Minister of Economic Affairs, made a statement where he implied that no depositors in Icelandic owned banks would ultimately lose any money as a result of the collapse of the banks in 2008. I am aware that this comment has caused consternation among creditors and can confirm that I have written to the Minister to draw his attention to the plight of creditors of KSFIOM."

Website Upgrade
The [KSFIOM] website will be re-formatted shortly in order to make it easier to navigate as it has become unwieldy over time. The website may be off-line for a short period while these changes are being made.

Full details on the bank's website here


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