DEPOSITORS with Landsbanki Guernsey could receive payouts totalling more than £36m. after yesterday’s announcement by the bank’s administrators.

The bank owed more than £120m. in customer deposits (including interest) and administrators Rick Garrard and Lee Manning confirmed investors could claim an initial repayment of 30% of their savings.

It means customers were left hoping that the administrators could find the remaining £84m. needed to repay them in full – although this appears unlikely. Disappointed investors vented their frustrations yesterday.

Janson Bewey, 57 (pictured) , would be entitled to an initial repayment of just under £32,000.  He said it was not good enough.

‘30p in the pound is pretty poor, isn’t it? Anything less than 100% is not going to sit well with depositors,’ he said.

‘It is all right for people to say, “well you’re not going to lose everything, so you should be grateful”, but those people are not the ones who are going to lose money.’