Strong Kaupthing Brand - LOL

  • Anonymous
  • unspecified
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Posted: Fri, 17/04/2009 - 10:23

I have just been onto the Kaupthing Edge website and viewed my Account. I noticed I had an unread email, received on 8TH OCTOBER.......................read the last paragragh from Mr. Doherty.............................I'm so glad he was issuing words of comfort at that time. I feel loads better now!

Dear Customer,

In view of the current turmoil in global financial markets, we'd like to update you on today's very positive developments concerning the Isle of Man Depositors Compensation Scheme.

On 7th October 2008 the Isle of Man Treasury issued a press release in which the Treasury Minister Allan Bell MHK announced that ...the Isle of Man's deposit protection would be increased to GBP50,000 for both local and international individual depositors. Mr Bell went on to say -- he will seek Tynwald approval to the revised protection limit at the October Tynwald - which commences on 21st October 2008.

Mr Bell concluded that with these changes the Isle of Man will continue to have a scheme that offers excellent real protection to individual depositors wherever they live.

This is obviously a very supportive initiative by the Manx authorities which, coupled with the strength of the Kaupthing brand, hopefully gives you comfort in these uncertain times.

Aidan Doherty, Managing Director

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  • SgKZ
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 28/04/2009 - 12:42

Plum.