Pádraig Rice (Cork South-Central, Social Democrats)
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27. To ask the Minister for Finance following the lifting of the €500,000 executive pay cap at Bank of Ireland, AIB, and PTSB, the current level of remuneration for CEOs at each institution; the planned level of remuneration for 2026; and if he will make a statement on the matter. [50617/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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Recognising that the State has significantly divested from its bank shareholdings, and in line with the Programme for Government commitment to complete the task of normalising the domestic banking system, in June 2025 I announced that the maximum pay cap would be removed for both AIB and PTSB, having already done so for BOI in 2022. This decision was taken to ensure a level playing field between BOI and AIB and is consistent with the State’s nil shareholdings position. Removing the salary cap for PTSB at the same time was to ensure that it would not be put at a competitive disadvantage.

The details and breakdown regarding the remuneration of executive directors is set out in each of the banks' published annual reports.

Decisions regarding remuneration are the sole responsibility of the board and management of the banks which must be run on an independent and commercial basis. At each of the banks AGMs, all Shareholders are asked by the respective boards to consider a resolution relating to the directors’ remuneration report, which details the existing remuneration policy of a bank and any planned remuneration policy changes. At each of the bank’s AGMs in 2025, this particular resolution was passed by the Shareholders of each bank.