Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Went:

No, the bonuses at this ... the bonuses that I'm referring to here were based on a combination of group profit, business unit profit and then a number ... a small number, four or five particular objectives. They might have been the implementation of a particular project, such as the restructuring of the branch network or something like that. There was no direct correlation between the payment of a bonus and an individual loan.

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