The Norwegian Government has decided to guarantee for deposits in the Norwegian branch of Kaupthing Bank
Historical archive
Published under: Stoltenberg's 2nd Government
Publisher: Ministry of Finance
Press release | No: 68/2008 | Date: 13/10/2008
The Norwegian Government has today decided to guarantee for deposits in the Norwegian branch of Kaupthing Bank up to the amount to be covered by the Icelandic deposit guarantee scheme. The Icelandic deposit guarantee scheme shall cover up to an amount corresponding to appr. 20 000 euro per depositor. The total amount of the guarantee is 400 million NOK.
The Norwegian Government has today decided to guarantee for deposits in the Norwegian branch of Kaupthing Bank up to the amount to be covered by the Icelandic deposit guarantee scheme. The Icelandic deposit guarantee scheme shall cover up to an amount corresponding to appr. 20 000 euro per depositor. The total amount of the guarantee is 400 million NOK.
Depositors in the Norwegian branch of Kaupthing Bank are, through Kaupthing’s “topping up” membership in the Norwegian deposit guarantee scheme (Bankenes sikringsfond) covered for up to 2 million NOK with a deduction of the amount that shall be covered by the Icelandic deposit guarantee scheme.
The Government will cooperate with Bankenes sikringsfond with respect to the further management of the guaranteed deposits.