The institutions referred to in your question have supplied me with the following information in relation to bonuses paid to staff since the introduction of the excess bank remuneration charge:
-
|
AIB
|
BOI
|
PTSB
|
IBRC
|
Number of staff who have received bonuses between €100,000-€200,000 since introduction of excess bank remuneration charge
|
0
|
n/a
|
0
|
0
|
Number of staff who have received bonuses between €200,000-€300,000 since introduction of excess bank remuneration charge
|
0
|
n/a
|
0
|
0
|
Number of staff who have received bonuses between €300,000-€400,000 since introduction of excess bank remuneration charge
|
0
|
n/a
|
0
|
0
|
Number of staff who have received bonuses over €500,000 since introduction of excess bank remuneration charge
|
0
|
n/a
|
0
|
0
|
I am advised by the covered institutions who have disclosed information above that the total amount raised from the excess bank remuneration charge in respect of bonuses is zero.
Note: Bank of Ireland is unable to supply the details in the timeframe. However, it is the Minister’s understanding that they are in compliance with agreements with the State which prohibit bonuses save in exceptional circumstances such as meeting obligations on foot of a court order or pre-existing contractual commitments.