The administrators of Landsbanki Guernsey have said they intend a third distribution to creditors of between 11p and 12.5p in the pound in January.

The Joint Administrators said the ultimate recovery for creditors is estimated to be between 85p and 91p in the pound.

They also announced an extension to the administration of the bank until 6 January 2011.  17-Dec-09

http://news.bbc.co.uk/1/hi/world/europe/guernsey/8418272.stm