Finland’s Sofia Bank refunds 85% of investor deposits

Rebecca Hampson
10 May 2010

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Finland's troubled Sofia Bank last week returned 85% of its depositors' money. The bank's trustee had announced on April 19 that depositors and investors in the bank, which recently entered administration, would receive refunds consisting of Sofia Bank assets in the first week of May.

"The bank has roughly 5,000 deposit clients and additional money market investors from banks and companies, and their claims will be paid using the assets of Sofia Bank. However, money market investments from other

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