Payout hope for bank's customers

Accountants called in to administer the Icelandic bank Landsbanki Guernsey have said they hope to make a part payment to savers as soon as possible.

A number of people in Jersey and Guernsey have savings accounts with the bank.

Administrators from the accountancy firm Deloitte were called in after the bank went into administration when its parent company got into difficulties.

They said there were significant liquid assets available to the bank.

Landsbanki Guernsey is a subsidiary of Landsbanki Islands HF.

Share trading in Landsbanki was halted by the Icelandic goverment last Monday.

Deloitte's said the Guernsey branch's difficulties stem from the placing of funds with a UK subsidiary, Heritable Bank, which has also gone into administration.

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