EBS, INBS required to publish interim results

[Green_Bear]

EBS, INBS required to publish interim results
By Joe Brennan, Tuesday October 07 2008
independent.ie/business/iris … 91651.html

Two of the country’s biggest building societies will be formally required to publish detailed interim financial reports as they avail of the Government’s €400bn guarantee scheme for Irish lenders.
“While the ratings agencies and financial regulator are kept abreast of their financial positions on an ongoing basis, there is a clear drive – and need – for greater transparency now that the taxpayer is exposed,” said one source.
Irish Nationwide Building Society and EBS Building Society, are only required by law to publish annual accounts.
The four other institutions currently set to be covered by the scheme – Allied Irish Banks, Bank of Ireland, Anglo Irish Bank and Irish Life & Permanent – are required, as publicly-quoted companies, to publish interim reports. They are also obliged to issue trading updates, such as interim management statements, under stock exchange rules.

[Dreaded_Estate]

We need the books examined by external parties not a trading update from the banks that have been lying all along.