According to RUV.is sources, the transfer of all customer funds and loans from SPRON to New Kaupthing has now been completed. All assets are fully insured according to law.

SPRON debit and credit cards will continue to work and SPRON customers will have continued access to their online banking services for the next few days until their access to Kaupthing internet banking has been set up.

From Ice News

Today the FME has intervened in the operations of SPRON and Sparisjódabankinn on the basis of the Act on Authorisation for Treasury Disbursements due to Unusual Financial Market Circumstances, no. 125/2008.

Press release from the Central Bank of Iceland regarding the restructuring of Iceland’s savings and loans.

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