Written answers
Tuesday, 14 October 2014
Department of Finance
Banking Sector Remuneration
Derek Nolan (Galway West, Labour)
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58. To ask the Minister for Finance if he will itemise bonuses and their amounts awarded to bank staff working in the nationalised banks for the year 2014; and if he will make a statement on the matter. [39037/14]
Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, this Government's policy with respect to banking remuneration has been in place since mid-2011. In summary, remuneration is capped at €500,000 (excluding normal pension entitlements) and the payment of bonuses is not permitted. As a result, there have been no bonuses paid to banking staff in the nationalised banks this year.
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