State Banking Sector

Dáil Éireann Debate, Wednesday - 6 June 2012

Wednesday, 6 June 2012

Ceisteanna (93)

Catherine Murphy

Ceist:

83 Deputy Catherine Murphy asked the Minister for Finance if he will provide a breakdown of staff numbers, full time, part time and contract staff, by grade, details of corresponding remuneration and any resulting travel and subsistence expenses for the Irish Bank Resolution Corporation Limited, formerly Anglo Irish Bank Corporation Limited, for the years 2008, 2009, 2010 and 2011 and estimated provisions for 2012; and if he will make a statement on the matter. [26716/12]

Freagraí scríofa

Minister for Finance (Deputy Michael Noonan)

As the Deputy is aware the Board of the bank is responsible for the day to day operation of the bank including the staffing, general pay rates and expenses incurred by bank staff in the performance of their duties.

I have been informed by the bank that staff numbers and associated costs are detailed in the Bank's accounts on an annual and interim basis, the most recent being the 2011 Annual Report and Accounts. The Bank does not further breakdown details of staff numbers in terms of grade and corresponding remuneration. I have also been informed by the bank that total staff costs costs in the organisation have reduced by 48% from end 2008 to end 2011 and this includes 6 months of additional cost resulting from the merger with INBS in 2011.

In terms of travel, accommodation and other related expenses the bank has informed me that such costs have decreased from c. €6.7m in 2008 to c. €1.2m in 2011, a percentage decrease of c. 82%.