Building society to convert to a bank

CAMPAIGNERS for demutualisation of the Irish Nationwide Building Society were yesterday celebrating victory in forcing the society to convert to a bank by the year of the end.

Building society to convert to a bank
Wed, 28 Apr, 2004 - 01:00
Ian Guider

On Monday, a resolution put forward by Shane Hogan and Brendan Burgess to begin the demutualisaiton process immediately was passed by 7,810 to 6,191.

It directs the board to advise Irish Financial Services Regulatory Authority by the end of the year of its intention to demutualise.

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CourtsPerson: Shane HoganPerson: Brendan BurgessPerson: HoganPerson: BurgessPerson: Michael WalshOrganisation: Irish Nationwide Building SocietyOrganisation: Irish Financial Services Regulatory AuthorityOrganisation: IFSRAOrganisation: AGM
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