Written answers
Tuesday, 13 November 2012
Department of Finance
State Banking Sector
Gerry Adams (Louth, Sinn Fein)
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To ask the Minister for Finance further to Parliamentary Question No. 51 of 24 October 2012, if he will provide a breakdown in tabular form of fees paid to each of the public interest directors in each of the covered institutions since the bank bailout in 2008. [49980/12]
Michael Noonan (Limerick City, Fine Gael)
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The information is in the following table.
| Bank | Public Interest Directors | Date of Appointment/ Resignation | Fees 2008 € | Fees 2009€ | Fees 2010 € | Fess 2011€ | Total € |
|---|---|---|---|---|---|---|---|
| AIB | Mr Dick Spring Mr Declan Collier | January 2009 January 2009/ June 2012 | 26,000 29,000 | 47,000 40,000 | 59,000 71,000 | 132,000 140,000 | |
| EBS | Mr Anthony Spollen Ms Ann Riordan | January 2009/ June 2011 January 2009/ June 2011 | 37,500 37,500 | 29,000 29,000 | 14,500 15,600 | 81,000 82,100 | |
| BOI | Mr Tom Considine Mr Joe Walsh | January 2009 January 2009 | 79,000 80,000 | 90,000 79,000 | 90,000 79,000 | 259,000 238,000 | |
| INBS | Mr Adrian Kearns Mr Rory O’Ferrall | January 2009/ June 2011 January 2009/ June 2011 | 55,000 55,000 | 36,000 36,000 | 18,000 18,000 | 109,000 109,000 | |
| Anglo Irish Bank | Mr Frank Daly Mr Alan Dukes | December 2008/ December 2009 December 2008/ June 2010* | 98,000 102,000 | - 52,000 | - - | 98,000 154,000 | |
| PTSB | Ms Margaret Hayes Mr Ray MacSharry | December 2008 December 2008 | 2,000 2,000 | 77,000 69,000 | 64,000 56,000 | 64,000 56,000 | 207,000 183,000 |
* Since nationalisation of Anglo Irish Bank in January 2009, there are no specific public interest directors on the board of IBRC. However all appointments to the board of the bank are approved by the Minister for Finance under the terms and conditions attaching to the nationalisation of the bank. Mr. Alan Dukes had been appointed as a public interest director in Dec 2008 and was made Chairman of Anglo Irish Bank in June 2010. His Chairman’s fees in 2010 were an additional €75,000 to the figure in the table and in 2011 were €150,000.
Dr Michael Somers is a Government Nominee (not a Public Interest Director) appointed to the AIB board on 14 January 2010 under the terms of NPRFC’s investment of €3.5bn in AIB of May 2009.
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