Dáil debates

Thursday, 21 March 2013

Other Questions

Bank Debt Restructuring

5:05 pm

Photo of Tommy BroughanTommy Broughan (Dublin North East, Labour) | Oireachtas source

On the ending of the blanket bank guarantee, did the Government impose conditions on banks in relation to lending to SMEs? Was any quid pro quo required from the savings that would accrue to banks' balance sheets?


Has the Minister a view on the extraordinary annual salary of nearly €1 million paid to the chief executive of Bank of Ireland, which was recently published? He also receives various emoluments. Large salaries are also being paid to the Governor of the Central Bank, to other directors and to his aide-de-camp at the bank. Is it not extraordinary that a bank in which we still have a significant share and which depends on us for its stability should reward its senior staff in such a reckless and shameful fashion, given the constraints on the public sector, small businesses and families?

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