Groningen gets money back from Iceland

27th January 2009, Comments 0 comments

Iceland's Kaupthing bank returns money deposited by the city Groningen, among others.

AMSTERDAM—The province of Groningen says it has been repaid almost 21 million euros by Iceland's Kaupthing bank. It says the nine million euros it had deposited with the Landsbanki bank have not been repaid.

Dordrecht council says it has also been repaid 3.6 million euros by Kaupthing bank, but adds that it still has eight million euros outstanding with Landsbanki.

It is not known whether other Dutch authorities have received similar repayments. In total 19 local councils, two provinces and one district water board had deposited money with Icelandic banks.

Radio Netherlands/Expatica

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