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.
Key points of interest for KSFIOM depositors are:
The Joint Liquidators' Report to creditors for the period 10 July 2013 to 9 January 2014 is available here
Highlights at 9 January 2014
- 95.8p in the £ dividends paid to creditors
- £903.2m of assets recovered
- 90.7% of loan book recovered
- Estimated dividend outcome between 98.6p and 99.2p in the £
Next dividend: The JLs hope to be able to pay a further dividend "in the region of 2p in the £ to creditors during 2014".