Back to top anchor
Media statement

South Canterbury Finance Depositors still covered by Crown Retail Deposit Guarantee

Issue date: 
Sunday, 20 June 2010
Status: 
Current
Corporate author: 
View point: 

All eligible South Canterbury Finance Ltd depositors remain covered by the Crown Retail Deposit Guarantee, Treasury Director of Financial Operations Dr Brian McCulloch confirmed today.

"The announcement today that Aorangi Securities Limited, Mr Allan James Hubbard, Mrs Margaret Jane Hubbard and various charitable trusts have been placed into statutory management does not apply to South Canterbury Finance,” Dr McCulloch said.

"The Retail Deposit Guarantee Scheme is not affected by today’s action," Dr McCulloch said.

 

 

ENDS

 

News media contact:

Angus Barclay | Senior Communications Advisor
Tel: +64 4 917 6146
Mob: +64 (0)27 337 1102
Email: angus.barclay@treasury.govt.nz
Last updated: 
Sunday, 20 June 2010