Failed Icelandic bank Glitnir to start repaying creditors

Posted 18/12/2015 - 16:05 by anrigaut

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2015-12-17 (All day)

Failed Icelandic bank Glitnir said on Thursday it had got agreement from the central bank to begin paying out billions of dollars owed to creditors since it collapsed in 2008.
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"There are two payments, a de minimis payment today and an initial one tomorrow," Maria Agustdottir, who works for Glitnir's resolution committee, said.
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Fellow lenders Kaupthing and Landsbanki, which also collapsed, have also applied for exemptions from capital controls.

Announcement by Glitner is here: http://www.glitnir.info/press-room/616-exemption-request-granted-by-the-...