Dutch firms borrowed €600m from Landsbanki

Dutch companies borrowed some €600m from Iceland’s Landsbanki, the bank’s Dutch lawyer Rob Abendroth says in Tuesday’s Telegraaf.

Abendroth said the money could be used to repay Dutch savers, who have some €1.6bn in savings at Landsbank’s internet subsidiary Icesave.
‘The credit portfolio has not vanished. That money is still available to pay savers,’ the paper reportes him as saying.
On Monday, a court-appointed receiver took charge of Landsbanki’s Dutch operations, including the credit portfolio.