KSFIOM victims' first dividend confirmed

According to the bank's website, depositors whose funds have been frozen in KSFIOM, which collapsed last October, will get 22.1p in the £1, higher than the 14.5% originally expected. But company liquidator, PricewaterhouseCoopers (PwC), says savers may get more than that depending on when more bank assets are recovered. Distribution of the first dividend will take place on 4 September to ensure it is as large as possible, according to a statement from PwC. A forthcoming message on KSFIOM's website will confirm when the first payment amount has been distributed. Furthermore, an upd...