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<p>HM Government officials continue to engage with the Icelandic authorities in order
to complete the recovery process from the failed Icelandic banks. In total, £8.64
billion was paid out by HM Treasury to compensate UK depositors of the Icelandic banks
Kaupthing, Singer and Friedlander Ltd (KSF), Heritable Bank plc and Landsbanki (Icesave).</p><br
/><p>All eligible UK retail depositors were fully compensated. To date, the Treasury
has recovered £7.71 billion from the three estates. The Government expects to make
a full recovery of the outstanding funds from the estates.</p><br />
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