Ernie Clark. Hilperton Division, Wiltshire Council.

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Friday September 27, 2013

WC still owed nearly £2m.

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Latest Icelandic bank deposit tips repayments over £10m.

Wiltshire Council has received more than £1.6m in repayments over recent weeks following the recovery of money following the Icelandic Bank collapse five years ago.

A sum of £1.51m from Heritable bank, followed by £156,000 from Landsbanki has meant the council has recouped almost £10.2m from its original investment of £12m in 2008.

It is expected the council will recover 95 percent of the £9m from the Heritable Bank investment and 100 percent of the £3m deposit in Landsbanki.