Oireachtas Joint and Select Committees

Thursday, 1 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Discussion with Bank of Ireland

11:30 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I am a customer of the bank. In my local branch, certain transactions are restricted on Mondays and Fridays. It is the same in many other rural and urban branches. It is a cost-containment and cost-saving measure. I will not go into the details, although it impacts on rural areas in particular where branches of AIB, National Irish Bank and others have closed. Cost containment is also under way in AIB.

AIB's CEO stated yesterday that he had cut executive and senior staff pay by between 10% and 15%. Has the same been done within Bank of Ireland? What is the bank's most senior salary, expenses and pension entitlement?

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