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Article: Dutch government pays 106 million euros to Icelandic bank depositors

Article from:
Xinhua News Agency
Article date:
May 21, 2009
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Dutch government pays 106 million euros to Icelandic bank depositors

BRUSSELS, May 21 (Xinhua) -- The Dutch government paid 106 million euros (147 million U.S. dollars) to Dutch individuals and local governments who deposited money with the now bankrupt Icelandic Internet bank Icesave, Radio Netherlands reported on Thursday.

The figure was given by the Netherlands Court of Audit, an independent body charged with monitoring the collection and spending of public funds. This was higher than the Dutch Finance Ministry's estimate of 92 million euros (128 million dollars).

Icesave's parent bank Landsbanki was put under government control last October after running into financial difficulties. ...

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