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

I dispute Dr. Somers comments earlier about lending to small businesses. New lending stands at €600 million, not the €3.5 billion target which was supposed to be reached. I cannot go into that, however. Bank of Ireland paid out bonuses in breach of the State contract, which is a matter I put to the directors earlier. In the first nine months of 2010, during which year Mr. Spring was a director, the bank paid €700,000 in bonuses to two senior executives. A total bonus package of €3.06 million was paid to 41 managers and €60 million was paid out by the bank over two years. How do the public interest directors stand over large salaries and bonus payments by a bank which has cost the State so much money? How many senior executives have responded positively to the request for a reduction in pensions?