Two days later, on 9 October, the Icelandic assets and liabilities of Landsbanki were transferred to a new government-owned bank, Nýi Landsbanki. As Landsbanki had been acquiring assets in Iceland with foreign loans and deposits, the assets of Nýi Landsbanki exceeded its liabilities (domestic deposits and government equity capital) by ISK 558.1 billion (€3.87bn, £3.06bn), even after Nýi Landsbanki had made provisions for over half its loans to customers. Icesave deposits, along with all foreign borrowings, remained in the old Landsbanki, which was left with ISK 1743 billion (€12.1bn, £9.56bn) in assets to face up to ISK 3197 billion of liabilities (€22.2bn, £17.5bn).