Written answers

Thursday, 28 February 2013

Department of Finance

Banking Sector Remuneration

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance the total of the gross salaries of the top ten earners in each of Allied Irish Bank, Bank of Ireland, Irish Bank Resolution Corporation and Permanent TSB/Irish Life in 2011 and 2012. [10852/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to PQ 43 of 7 November 2012, PQ 211 of 13 November 2012, PQ 65 of 15 November 2012 and PQ 9 of 15 November 2012 which provide information on the basic salaries in IBRC, Permanent TSB, Allied Irish Bank and Bank of Ireland respectively and also PQ 192 of 20 November 2012 giving total remuneration package information for staff in the covered institutions. As the Deputy will be aware, officials in my Department and Mercer have been working on a remuneration review of the Covered Banks. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. The report is expected shortly.

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