Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Bank of Ireland has provided me with the following information on annual salaries as at 31 March 2012.

I have responded to similar requests by way of parliamentary question for the other covered institutions today and recently. The Government shares the outrage of the public concerning these levels of remuneration. It must be acknowledged that without the assistance of citizens, such levels of remuneration at these institutions would only be aspirational. There are constitutional and legal issues to be considered when dealing with these pay and pension issues, but the Government will explore any avenues and options to address this, subject to the necessary legal constraints and our obligation to protect taxpayers' interests in the banking sector.

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