KSF outcome 'better than expected' says Minister

Wed, 24 Jun 2015

The Treasury Minister has revealed the full extent of the operation to reimburse those who lost money following the collapse of KSF.

The high interest Icelandic bank went bust in 2008 impacting hundreds of local savers.

In the immediate aftermath it looked as though the amount reclaimable would be capped at £50,000 through the depositor's compensation scheme.

However Eddie Teare says the outcome has been much better than anticipated: