It is now believed that 93 percent of Icesave and other priority foreign claimants can be covered by the assets of Old Landsbanki.
The bank’s resolution committee presented its accounts for the third quarter and a claimants’ meeting in London today, RUV reports.
There was an ISK 18 billion (USD 161.3 million) improvement in the capital retrieval of the old bank during the quarter. According to the resolution committee, roughly ISK 92 billion is now expected to fall on the shoulders of the Icelandic taxpayer – which is a lower figure than previously estimated.
The rate of recovery for domestic claimants in Icelandic kronur is slightly lower, at an estimated 86 percent.
>There was an ISK 18 billion (USD 161.3 million) improvement in the capital retrieval
>of the old bank during the quarter
As expected as time does go on loans to become less distressed and assets do improve and regain they value.
But the Bond Holders, we have not heard much about result of they suing in Reykjavík District court earlier in year.
Can you give us update Bjarni and or Mike UK NOrdic analyst?