Landsbanki joint administrators, Deloittes, says savers can expect to receive another 25% of their money within weeks.. . .

In a statement, Deloittes says: "The Joint Administrators anticipate making a further substantial payment in late 2009 / early 2010, however the exact timing and quantum of this payment will depend on further recoveries from the Bank's loan portfolio and distributions from Heritable Bank." . . .

Currently, Landsbanki Guernsey depositors are treated as a non-preferential creditors, [In Iceland] whereas the UK Government made sure the UK branch's members were treated as preferential and therefore entitled to more compensation, says spokesperson for the LGDAG Neil Dickens.

He suspects the Guernsey Government's state trip is a knee-jerk reaction to claims by the action group that Guernsey deceived Landsbanki depositors about meetings that had taken place between the Jurisdiction and Iceland. However, he welcomes the move.  IFA Online website - 07-Aug-09.

http://www.ifaonline.co.uk/international-investment/news/1500162/landsbanki-savers-receive-chunk-trapped-savings