Landsbanki Guernsey Depositors have been told they could receive more of their money back soon.

So far customers have received 30 pence for every pound they deposited in the collapsed bank.

Joint administrators, Deloitte, have now said more cash may be given back in the summer if the authorities approve it.

It also wants detailed reports to be released to the bank's creditors.

The Landsbanki Depositors Action Group has welcomed the news, but believe depositors will still lose up to 25% of what they invested. 22-Apr-09.

http://www.channelonline.tv/channelonline_guernseynews/displayarticle.asp?id=410199