Banking Sector

Dáil Éireann Debate, Wednesday - 15 December 2010

Wednesday, 15 December 2010

Questions (95)

Pat Rabbitte

Question:

101 Deputy Pat Rabbitte asked the Minister for Finance if the €40 million paid in AIB as bonus payments was provided for in the financial statements of the bank as an accrual, a provision or a contingency; in the event that AIB failed to so provide, the steps he will take to refer the matter to the Office of the Director of Corporate Enforcement; and if he will make a statement on the matter. [47440/10]

Written answers

Minister for Finance (Deputy Brian Lenihan)

I am advised by AIB that all bonuses were fully provided for and charged against income in the financial year to which they relate. The Bank had originally scheduled the payment of bonuses in the following financial year. As the Deputy will be aware the bonuses to which he refers in his question are not now being paid.