Charities get seat on Iceland bank creditors committee

Posted 02/12/2008 - 10:43 by Anonymous

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2008-12-02 (All day)

Total claims top £4.7bn

Administrators confirmed that claims submitted for the purposes of the creditors meeting, plus estimates of future claims, totalled £4.722bn.

The largest claim is from the FSCS, estimated at £3.5bn, while subsidiary company KSF Isle of Man claimed £600m, the pension fund trustees £60m, the charities £47m, and local authorities "tens of millions".

Cats Protection chief executive Peter Hepburn (pictured) told Charity News Alert after the meeting that securing a place on the creditors committee was an important first step, but the coalition would also now be pressing the government for a commitment to a full refund of their money.