The provisional liquidator for Kaupthing Singer and Friedlander says the bank’s customers will receive bank statements shortly.

In the latest information update, Mike Simpson says negotiations are ongoing to try to sell the bank, although confidentiality prevents him giving away any more details.

He says any sale will need to be approved by the High Court and the Financial Supervision Commission.

There is good news for people who have had money paid into Kaupthing since its collapse. Mr Simpson says after October 8 the bank lost its licence and so couldn’t take deposits.

He says in the next few days funds paid in after that date will be returned to customers.

Depositors can expect to hear from Mr Simpson shortly as he writes to them about Kaupthing VISA cards, which have now all been cancelled, and issues bank statements.