INTERNET BANKING (IOM) AND KAUPTHING EDGE (IOM) ARE NO LONGER AVAILABLE.

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IMPORTANT CUSTOMER INFORMATION

Creditors Meeting and Claim Process

Scheme of Arrangement

Previous Court Orders & M Simpson Affidavit

Creditor Discussion Forums

Roadshow Presentations

Conference Calls

Useful Websites   

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UPDATES

March 2010  04 

February 2010  08  15  19

January 2010  13  21  22  26

December 2009  07  11  18  21  30

November 2009 10  25

October 2009 14

September 2009 03(i) (ii)

August 2009  20 

July 2009  01(i) (ii)  22  29  30  

June 2009  01  12  17  18  22  23  25

May 2009  15  22  27  

April 2009  02  09  17  24   

March 2009  06  13  20  27

February 2009  13  20  27

January 2009  07  16  23  30

December 2008  05  12  19

November 2008  04  05  14  27

October 2008  13  15  20  24

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11 December 09

Cash position
Attached is summary of balances held at 30 November 2009. 
Balance 30 November 2009  

 

Loan book
Attached is the summary of the loan book as at 30 November 2009.
Loan Book 30 November 2009  

 

KSFUK claim
The Administrators of KSFUK have declared a second distribution of 10%, bringing cumulative distributions to 30%. They have also indicated their intention to pay a further dividend in April or May 2010, but are unable at this stage to indicate a percentage. They are also unable at present to indicate the timing or amount of further distributions, which will be dependent upon asset realisations.
Claim against KSFUK  

 

Estimated outcome
Now that we have better information about the performance of the loan book and the estimated distributions from KSFUK, we have been able to produce an estimate of future distributions for creditors. Our current estimate is that ultimate distributions will be between 82.88% and 93.76%, however it should be borne in mind that these figures are based on estimations of future asset realisations, and therefore neither the timing or value of future distributions can be guaranteed. These estimates will be updated periodically when further information becomes available.
Dividend Summary  

 

Contacts
The best way to make contact is to write to the bank or email branch@kaupthing.com. If you need to telephone the bank, please use the main switchboard number +44 1624 699222.


Mike Simpson
Joint Liquidator