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Thursday, 29 October 2009 12:11 |
 There are examples of that Glitnir has issued children very large loans to purchase in the initial capitalization of Byr savings fund. A twelve year old child was issued a loan for six million króna. Tens of capitalization owners of the bank are preparing lawsuits on Islandsbanki because of these loans.
This was published in the trades newspaper today. Glitnir financed 30 billion króna capitalization increase of Byr during the fall of 2007. In the paper says that Islandsbanki has taken over the loans after Glitnir collapsed and so is the preparation of the lawsuit turned towards Islandsbanki.
All of the loans have raised considerably while the asset has reduced greatly of value, but there is uncertainty about the value of the initial capitalization bonds. The owners of them think that Glitnir had promised that nothing other than these bonds and profit payments of them have been taken as an insurance for the loans. The lawsuit is about if other asstes than the actual capitalization funds themselves have been set as a collateral behind these loans.
The trades newspaper says that a few cases are loans to children. The sheriffs department in Hafnarfjordur approved a few cases where children could come to own a part of the capitalization funds of Byr, and the children were so authorized to take a loan based on that.
Mar Masson chairman of the communication field of Islandsbanki said in a conversation with the newsroom this morning that in all cases had the parents or the guardians of the children in question had the initiative to taking the loans and appeared on their behalf before Glitnir. From the founding of Islandsbanki have these loans in question been reviewed. During that review has it come out that the approval of the superior legal guardian, that is the sheriff, was not at hand to take the loans for the children who were not financially independent. Since the approval of the superior legal guardian is thought that the loan contracts in question are invalid and Islandsbanki will so not collect the debt from these loan takers.
Islandsbanki regrets this matter in every way.
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