Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

Perhaps the Minister will come back and let us know what possible savings can be made if we pay the IMF debt and the others let us go ahead. I am not asking him to answer me now.

I flagged the following matter with the Chairman at a previous finance meeting and today's meeting is the only opportunity that I shall have to raise it with the Minister. I want to put on record the dissatisfaction of committee members about the salary of €843,000 paid to Bank of Ireland's CEO, Richie Boucher. Bank of Ireland's stated policy at this committee last week was that it would provide no mortgage debt forgiveness where a consumer has given up his or her home through voluntary surrender or assisted voluntary surrender leaving a shortfall on his or her mortgage. The bank is also opposed to personal insolvency deals brought to them. Bank of Ireland's policy of no debt forgiveness is wilfully forcing people into bankruptcy. I believe that such a move is not in the interest of Bank of Ireland, its shareholders or the taxpayer. I ask the Minister to take that clear sentiment expressed at the committee last week, when the CEO of Bank of Ireland was here, into consideration with regard to the bank's forthcoming AGM.