Refund begins for Icesave investors

The Dutch central bank began paying out claims to people who had money invested in bankrupt Icelandic bank Icesave on Thursday.

So far, 100,000 of the 140,000 people with money in the internet bank have made a claim, the Financieele Dagblad says.
Savers can get back up to €100,000. Just over €20,000 is being paid by the Icelandic authorities, which has borrowed €1.3bn from the Netherlands to do so. Roughly €20,000 is being refunded by the Dutch banks with the rest coming from the treasury.
A group representing the 469 Dutch nationals who had more than €100,000 in Icesave is in Iceland today for a meeting of major creditors of Icesave’s parent company Landsbanki.

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