Originally Posted by Butterfly

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,