info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

Iceland says Landsbanki assets worth $1.4 billion more

REYKJAVIK, March 2 (Reuters) - Iceland said on Wednesday it had revised up its estimate of the value of the assets of failed bank Landsbanki, a casualty of the 2008 financial crisis, so that it now had some $1.4 billion more with which to pay off debts to creditors.

Britain and the Netherlands spent billions of pounds and euros to compensate savers who lost money in so-called 'Icesave' accounts operated by Landsbanki, and both countries have been pressing Iceland to get money back.  . .

The Icelandic crown is not traded freely due to strict capital controls, but according to the central bank's latest crown value, 160 billion crowns is worth $1.4 billion.

Opinion polls show Icelanders will approve the new deal.
A resolution to the Icesave dispute is seen as important for the country's recovery and eventual financial rehabilitation. London South East website.  02-Mar-11.

http://www.lse.co.uk/FinanceNews.asp?ArticleCode=uo6bplvhom25vxl&ArticleHeadline=Iceland_says_Landsbanki_assets_worth_14_bln_more