First Payouts Expected by September 4th.
Some welcome respite has come for KSF despositors with the news that the first pay out to creditors will come on September 4th.
The compensation scheme will of course pay upto £50,000 per individual account holder, with 22.1pence to the pound being recuperated.
It’s hoped that this dividend may even end up being higher, with more of the bank’s assets to be recovered.
With the Scheme in place it’s said 75% of depositors will be paid back in full by the end of September.