South Canterbury Finance Depositors still covered by Crown Retail Deposit Guarantee

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