Savers who lost money through the collapse of the offshore arm of an Icelandic bank could get up to 80% of their money back, the administrator said.

Deloitte said savers in Landsbanki Guernsey, which was part of Iceland's second biggest bank Landsbanki, and other creditors of the group should get back between 70p and 80p for every £1 they had lost.

The group added that it was also planning to make a second payment of between 15p and 25p for every pound people were owed in August this year, although the money is dependent on a payment from Heritable Bank, which was also owned by Landsbanki, and the recovery of certain loans. 08-May-09.

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