Michael McGrath (Cork South Central, Fianna Fail)
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Question 92: To ask the Minister for Finance if any bonus payments have been paid to the Chief Executive or any of the management team at Anglo Irish Bank in respect of the 2010 calendar year; if so, if he will provide the relevant details; and if he will make a statement on the matter. [18166/11]

Michael Noonan (Limerick City, Fine Gael)
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My Department has been advised by the bank that no discretionary bonus payments were paid to the Chief Executive or any of his management team, at the bank in respect of the 2010 calendar year. The bank has advised that it does not operate any performance-related bonus scheme.

I am concerned that the information just supplied to my Department by Anglo Irish Bank in answer to this question does not accord with material provided to my predecessor for previous Parliamentary Questions, most recently on 16th December last. I am making further enquiries so I am in a position to provide the fullest possible information to the House.

As the Deputy may be aware, I have asked the NTMA to conduct on my behalf a review of remuneration policies and practices by the covered institutions. This review is intended to encompass all aspects of compensation and is not limited to salary. This would include non-salary items such as annual discretionary bonus, guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments. This review exercise is ongoing.

In light of the discrepancy in the information that my Department has just received, I have requested an urgent report from the bank, which will provide full and accurate information and an explanation of why this was not forthcoming in December 2010. I will advise the Deputy further when this report is received and assessed by my Department.

Michael McGrath (Cork South Central, Fianna Fail)
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Question 93: To ask the Minister for Finance if any bonus payments have been paid to the Chief Executive or any of the management team at AIB in respect of the 2010 calendar year; if so, if he will provide the relevant details; and if he will make a statement on the matter. [18167/11]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by AIB that no bonus payments (defined as annual discretionary bonus, guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments) have been made to the Executive Chairman or any of the management team at the bank in respect of the calendar year 2010. However, in recognition of the fact that additional information regarding remuneration in the covered institutions has come to light previously, my request to the NTMA to review remuneration policies and practices in the covered institutions will cover all aspects of compensation within the covered institutions.

Michael McGrath (Cork South Central, Fianna Fail)
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Question 94: To ask the Minister for Finance if any bonus payments have been paid to the Chief Executive or any of the management team at Bank of Ireland in respect of the 2010 calendar year; if so, if he will provide the relevant details; and if he will make a statement on the matter. [18168/11]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Bank of Ireland that no bonus payments (defined as annual discretionary bonus, guaranteed bonus, contractual bonus, cash long term incentives, deferred bonus and retention payments) have been paid to the Chief Executive or any of the Group Executive Committee at the bank in respect of the 2010 calendar year. In the interest of clarity, the Deputy will be aware from the investigation carried out by the Department earlier this year, and as set out in the report published by the Department on 3 March 2011, senior executive team members on Bank of Ireland were previously paid contracted bonuses in 2009 and 2010 amounting to €4.3 million. The bank has informed my Department that €2.3 million of these payments were made in 2010.