Extended moratorium requests granted

un_kaupthing_banner_01The Reykjavik District Court confirmed Thursday that the applications from Kaupthing and Glitnir banks for moratorium extensions has been approved.

The banks were granted extensions to their current creditor moratoria until 13 November 2009.

The banks will publish a monthly review of their actions for creditors to be freely accessible on their websites. The reviews will cover exactly what the banks have been doing with regard to their debts, and what results they are achieving.

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