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Banking Sector Remuneration

Dáil Éireann Debate, Thursday - 21 February 2013

Thursday, 21 February 2013

Questions (69)

Thomas P. Broughan

Question:

69. Deputy Thomas P. Broughan asked the Minister for Finance the number of staff earning more than €100,000 but under €150,000, between €150,000 and €200,000, between €200,000 and €250,000 and more than €250,000 per year in Allied Irish bank, Bank of Ireland and Permanent TSB; and if he will make a statement on the matter. [9298/13]

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Written answers

I refer the Deputy to PQs 49499/12, 50511/12 and 50513/12 which were answered in November 2012 and which provide information on the basic salaries in Permanent TSB, Allied Irish Bank and Bank of Ireland respectively. Also PQ 51096/12 giving total remuneration package information for staff in the covered institutions. As the Deputy will be aware, officials in my Department and Mercer have been working on a remuneration review of the Covered Banks. I have committed to publishing the details underpinning the review in view of the public interest in the matter. The report will provide a comprehensive and professional analysis of remuneration structures and levels across the Covered Banks both now and before the onset of the banking crisis. The report is expected shortly.

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