A 9th KSFIOM distribution of 2.2p/£ will be paid on 12th September, bringing the total distribution to date to 98.0 p/£.
Note for DCS claimants: For those whose claims are assigned to the DCS and who are now entitled to receive additional payments from the liquidation, the Scheme Manager has announced that he aims to despatch payments no later than 26 Sept. See DCS update here.
Highlights at 9 July 2014
- 95.8p in the £ dividends paid to creditors
- £910.5m of assets recovered
- 92.1% of loan book recovered
- Estimated dividend outcome between 99.0p and 99.6p in the £
Summaries of cash balances held and the loan book position at 31 July are available on the KSFIOM website.
Cash balances increased by approximately £396,000 during the month. During July 2014, one loan facility was redeemed in full and one in part realising approximately £412,000.
Permanent Bank International (PBI) has appointed Aidan Doherty to the role of managing director of its Isle of Man business.
We are pleased to announce that the upgrade of the site, which had become essential for security reasons, is now complete.