Majority of KSF depositors now repaid in full
Financial safeguards did prove robust following the collapse of an Island bank.
So claims the Treasury Minister after he revealed the majority of depositors - affected when KSF Isle of Man went into liquidation - have now been repaid in full.
Kaupthing Singer and Friedlander (IoM) collapsed in 2008 after the UK authorities placed it's sister bank in London into administration.
Eddie Teare says the majority have been protected with dividends paid in full via either the Manx government Depositors Compensation Scheme or the liquidators.
Government suffers fresh defeat over North and West Area Plan
Steam Packet confirms overnight sailings cancelledÂ
Plans to be submitted for Ramsey Harbour flood defence scheme
"Substantial progress" made on design of new Castle Rushen High School, says minister
"Demand for green, clean energy is rising amongst all businesses", says MUA