Landsbanki Guernsey savers vow to fight bank in court

Savers trying to reclaim all of their money following the collapse of a Guernsey bank are going to fight for it in court.

The branch of Icelandic bank Landsbanki collapsed in October 2008, leaving about 1,600 people out of pocket.

The Winding Up Board has referred the dispute to the district court of Reykjavik.

The depositors' action group has vowed to fight on despite the high cost of legal fees.

Gary Blanchford, deputy chairman of the Landsbanki Guernsey Depositors' Action Group, said: "We have said right from the beginning that we are after 100% of our money back and that is where we're heading.

"All the UK savers got 100% of their money back, settled by the UK government, so did the Netherlands... we do not want to settle for anything less."