Terence Flanagan (Dublin North East, Fine Gael)
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Question 69: To ask the Minister for Finance his views on a matter regarding the repayment of a bonus (details supplied); and if he will make a statement on the matter. [23098/11]

Michael Noonan (Limerick City, Fine Gael)
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The outgoing Board of Irish Nationwide Building Society made many efforts to recoup the bonus paid in 2008 to the individual to whom the Parliamentary Question refers. Now that INBS has merged with Anglo Irish Bank, I regard the commitment of the former CEO to return the bonus to the Society as one that remains outstanding to the new merged entity. Therefore, I have asked the Board of the new merged entity to continue to strongly press this matter and I fully encourage and support their efforts to recoup the payment in accordance with the commitment made by the former chief executive of INBS.