Enda Kenny (Mayo, Fine Gael) | Oireachtas source

Deputy Murphy has raised a couple of issues. It is part of the programme for Government that there would be a sale of up to 25% of AIB. The Minister for Finance has made that perfectly clear on numerous occasions and is proceeding through the process of bringing that to a conclusion.

In respect of pay rates, the situation is that the cap remains and if the person to succeed the current chief executive comes from the internal panel, the cap will still remain in place. Bank of Ireland is in a position to negotiate an arrangement with a competent effective person if it deems somebody from outside to fulfil its requirements.

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