Dutch central bank sells claims on failed Icelandic lender Landsbanki
The Netherlands Bank (DNB) has sold its last claims on failed Icelandic lender Landsbanki to Deutsche Bank – recovering in full the money it used to bail out Dutch depositors of the bank's international branch Icesave in 2008.
Landsbanki was one of three Icelandic lenders brought down by the financial crisis, and the unwillingness of Iceland's government to cover the losses of its Dutch and British depositors forced their home governments to step in instead.
Dutch savers were compensated for the
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