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Old 10-10-2008, 09:06 AM   #790 (permalink)
Butterfly
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Quote:
Originally Posted by bkkandrew
^While you are googling, check the figures for Norwegen, Swedish, Danish and other European countries' savers' deposits.
well, IceSave only operates in 2 countries, the UK and Netherlands, so I doubt very much your claim that the Internet Bank was providing 70% of the deposits for the parent bank, from only 2 countries, above all when the Netherlands Branch was just opened this year. So in technical terms, ICESAVE was mostly a UK Internet Branch and only affected UK depositors (5b BP) and even if some depositors were nationals of a different country, they are still considered UK depositors as they contracted with IceSave UK. It's as simple as that. So the total amount for those deposits is still 5b BP, that is less than 16% of the parent bank total assets.

Thanks for playing,

Last edited by Butterfly : 10-10-2008 at 09:17 AM.
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