Wiltshire Council receives latest Icelandic bank payment (From Wiltshire Times)

Wiltshire Council receives latest Icelandic bank payment

5:14pm Wednesday 10th October 2012 in Wiltshire

Wiltshire Council has received half of the money back from the Winding-up Board of Landsbanki Islands hf Bank, Iceland.

With the most recent payment of £180,000 the council has now received around £1,515,856, more than 50 per cent of the total outstanding amount.

Latest indications show the council will eventually receive 100 per cent of its outstanding deposit of £3 million.

It is likely the recovery of all the assets and the winding-up proceedings will take a while and may not be concluded for a few more years.

Wiltshire Council leader Jane Scott said: “I am very pleased the third payment from Landsbanki has been made to the council and brings our total repayments to more than £1.5 million.

“We will keep a close eye on the winding-up proceedings and will continue to update the public when we have news.”

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