Written answers
Tuesday, 20 May 2025
Department of Finance
State Bodies
Pearse Doherty (Donegal, Sinn Fein)
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333. To ask the Minister for Finance the pay and any other benefits, including any loyalty payments, bonuses or other benefit-in-kind, of each chief executive of State-semi-State body or other public body, under the aegis of his Department, for each year since 2020, in tabular form; and if he will make a statement on the matter. [25375/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The relevant State bodies under the aegis of my Department have provided the requested information in the below tables. This information is published in each of the bodies’ Annual Reports. It should be noted that the Irish Fiscal Advisory Council does not have a CEO position.
Central Bank of Ireland
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| €288,224 | €293,257 | €307,108 | €316,794 | €331,369 | €141,354 (year to date) |
| Professional subscriptions paid €325, BIK tax was applied. | Professional subscriptions paid €325, BIK tax was applied. |
Financial Services & Pensions Ombudsman
The Ombudsman did not receive other benefits during the timeframe specified, and the pension is in line with the Model scheme.
| - | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| CEO basic annual salary | €160,643 | €163,313 | · Ombudsman retired 06/02/2022 - €16,272 · Ombudsman (Acting) from 06/02/2022 to 01/12/2022 Higher duties allowance -€33,197 · Ombudsman commenced 01/12/2022 - €14,418 | €176,566 | €183,682 | €62,902.78 (up to 30 April 2025) |
The National Treasury Management Agency (NTMA) assigns staff to Home Building Finance Ireland (HBFI), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI).
The below details the salary and taxable benefits of each Chief Executive and discretionary performance related payments where applicable. The 2024 Annual Reports of the NTMA, SBCI, HBFI and NAMA are to be published shortly. Pay data as at 30 April 2025 is included below. Complete data for 2025 will be included in the 2025 Annual Reports which will be published in 2026.
National Treasury Management Agency
| - | Chief Executive Officer | Pay € | Other benefits/payments/ bonuses/benefit-in-kind € |
|---|---|---|---|
| 2020 | Conor O’Kelly | 480,000 | 4,000 Private health insurance premium |
| 2021 | Conor O’Kelly | 480,000 | 4,000 Private health insurance premium |
| 2022 | Conor O’Kelly | 294,000 Includes base salary and annual leave accrued and owed which was paid upon completion of term. | 2,000 Private health insurance premium |
| 2022 | Frank O’Connor | 240,000 | 2,000 Private health insurance premium and reimbursement of professional subscriptions |
| 2023 | Frank O’Connor | 480,000 | 4,058 Private health insurance premium and reimbursement of professional subscriptions |
| 2024 | Frank O’Connor | 480,000 | 5,345 Private health insurance premium and reimbursement of professional subscriptions |
| 2025 (to date) | Frank O’Connor | 160,000 | 2,422 Private health insurance premium and reimbursement of professional subscriptions |
Frank O'Connor became CEO of the NTMA with effect from 01 July 2022, following the expiry of Conor O'Kelly's term of appointment on 30 June 2022.
Home Building Finance Ireland
| - | Chief Executive Officer | Pay € | Other benefits/payments/ bonuses/benefit-in-kind € |
|---|---|---|---|
| 2020 | Dara Deering | 250,000 | 19,000 |
| 2021 | Dara Deering | 250,000 | 19,000 |
| 2022 | Dara Deering | 250,000 | 19,000 |
| 2023 | Dara Deering | 250,000 | 19,000 |
| 2024 | Dara Deering | 260,000 | 19,000 |
| 2025 (to date) | Dara Deering | 93,333 | 6,453 |
Benefits include car allowance and private health insurance.
National Asset Management Agency
| - | Chief Executive Officer | Pay € | Other benefits/payments/ bonuses/benefit-in-kind € |
|---|---|---|---|
| 2020 | Brendan McDonagh | 430,000 | 19,246 |
| 2021 | Brendan McDonagh | 430,000 | 20,463 |
| 2022 | Brendan McDonagh | 430,000 | 23,150 |
| 2023 | Brendan McDonagh | 430,000 | 19,467 |
| 2024 | Brendan McDonagh | 430,000 | 21,812 |
| 2025 (to date) | Brendan McDonagh | 143,333 | 2,908 |
Benefits include company car, reimbursement of professional subscriptions and private health insurance.
Strategic Banking Corporation of Ireland
| - | Chief Executive Officer | Pay € | Other benefits/payments/ bonuses/benefit-in-kind € |
|---|---|---|---|
| 2020 | Nick Ashmore | 250,000 | 24,000 Benefits include car allowance, reimbursement of professional subscriptions and private health insurance. |
| 2021 | Nick Ashmore | 31,000 | 3,000 Benefits include car allowance, reimbursement of professional subscriptions and private health insurance. |
| 2021 | Ian Black | 135,000 | 17,000 Benefits include car allowance, reimbursement of professional subscriptions and private health insurance. |
| 2021 | Jane Butler | 83,000 | 7,000 Benefits include performance related payments, car allowance, reimbursement of professional subscriptions and private health insurance. |
| 2022 | June Butler | 250,000 | 52,740 Benefits include performance related payments, car allowance, reimbursement of professional subscriptions and private health insurance. |
| 2023 | June Butler | 250,000 | 53,476 Benefits include performance related payments, car allowance, reimbursement of professional subscriptions and private health insurance. A performance related payment of €30,000 was paid in 2023 relating to performance in 2022. |
| 2024 | June Butler | 250,000 | 61,571 Benefits include performance related payments, car allowance, reimbursement of professional subscriptions and private health insurance. A performance related payment of €30,000 was paid in 2024 relating to performance in 2023. |
| 2025 (to date) | June Butler | 83,333 | 7,333 Benefits include performance related payments, car allowance, reimbursement of professional subscriptions and private health insurance. A performance related payment of €37,500 was paid in 2025 relating to performance in 2024. |
Nick Ashmore resigned as CEO with effect from 15 February 2021 and Ian Black was appointed as Interim CEO in his place. Following completion of a recruitment process for a permanent CEO, Ian Black resigned as Interim CEO with effect from 1 September 2021 and June Butler was appointed as CEO in his place.
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