During December 2014, one facility was redeemed in part realising approximately £18,000. Cash balances decreased by approximately £1.1 million during the month, largely due to liquidation expenses.
Today, Kaupthing‘s Winding-up Committee, its advisers and creditors‘ advisers together with the Winding-up Committee of Glitnir and LBI met with representatives of the Government and its advisers.
The Interim Financial Statements for the period 1 January to 30 June 2014 have been published. Furthermore, a Supplementary Material to the Financial Statements has been published and contains updated overview of claims in addition to further analysis on each asset class. Available for download 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 £
Permanent Bank International (PBI) has appointed Aidan Doherty to the role of managing director of its Isle of Man business.