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Sinn Fein Finance Spokesperson, Pearse Doherty. Sam Boal/Photocall Ireland

27 bankers earning over €500,000 a year

Figures released today show that 20 of the staff are in Bank of Ireland, while seven are in the IBRC. Sinn Féin finance spokesperson Pearse Doherty said that he is “amazed and raging”.

NEWLY-RELEASED FIGURES show that there are 27 bankers earning more than €500,000 a year.

Sinn Féin finance spokesperson Pearse Doherty, who received the information from Minister for Finance Michael Noonan following a parliamentary question, said that he is “amazed and raging to discover that nearly 3,000 staff, at banks we have bailed out, are still taking home over €100,000”.

Remuneration

Minister for Finance Michael Noonan today detailed that 2,949 staff at the covered institutions are receiving remuneration packages in excess of €100,000.

Of these 326 receive more than €200,000; 104 receive more than €300,000; 48 receive more than €400,000 and 27 receive more than €500,000. The figures include salaries, pension contributions and other forms of payment.

Deputy Doherty said:

Today’s figures released by the Minister for Finance are truly staggering. The scale of the excessive pay culture in the bailed out banks beggars belief. Like most people on hearing this information I am truly amazed and raging.

Deputy Doherty published legislation today that if passed would enable the government to claw back a large amount of this money. The bill applies a levy of 20 per cent on bank executive’s earnings in excess of €150,000 per year and 45 per cent on earnings in excess of €250,000 per year.

Deputy Doherty’s bill also seeks to impose a 99 per cent charge on pension payments in excess of €100,000 per year for all bank officials who retired from the covered institutions after the introduction of the banking guarantee of 2008.

Fianna Fáil’s Michael McGrath also published different legislation today on the issue of bankers’ pensions.

Doherty said that the Government’s claim that they are unable to act on this issue is “bogus”.

Salaries

The figures show:

  • Number of staff on total remuneration package (incl pension payments, allowances and benefits) of between €100,000-€200,000

AIB:1,150
BOI: 1,110
PTSB: 164
IBRC: 190
NTMA: 52
NAMA: 88

  • Number of staff on total remuneration package (incl pension payments, allowances and benefits) of between €200,000-€300,000

AIB:85
BOI: 102
PTSB: 11
IBRC: 24
NTMA: 9
NAMA: 3

  • Number of staff on total remuneration package (incl pension payments, allowances and benefits) of between €300,000-€400,000

AIB:8
BOI: 32
PTSB: 4
IBRC: 12
NTMA: 4
NAMA: 2

  • Number of staff on total remuneration package (incl pension payments, allowances and benefits) of between €400,000-€500,000

AIB:10
BOI: 10
PTSB: 1
IBRC: 0
NTMA: 1
NAMA: 0

  • Number of staff on total remuneration package (incl pension payments,allowances and benefits) of over €500,000

AIB:0
BOI: 20
PTSB: 0
IBRC: 7
NTMA: 0
NAMA: 0

Earlier this month, figures disclosed by Minister Noonan showed that six current at the former Anglo Irish Bank earn over half a million euro a year, despite the government’s cap on remuneration packages for bankers. Tánaiste Eamon Gilmore said that €500,000 slaraies for bank executives is “not acceptable”.

Read: Gilmore says €500,000 salareis for bank executives is “not acceptable”>

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120 Comments
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    Mute Gus Sheridan
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    Oct 1st 2014, 8:41 AM

    If you are going to make a mistake MAKE A BIG ONE

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    Mute neeneee
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    Oct 1st 2014, 8:56 AM

    Dislike tesco,their products and staff

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    Mute Emily Elephant
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    Oct 1st 2014, 9:12 AM

    It was much more than a mistake though. They made a deliberate decision to book revenue from suppliers at a particular stage. Even if that didn’t break the rules, it’s the sort of aggressive policy that rarely ends well.

    And the bigger story is that more than a fifth (possibly even more) of Tesco’s profit comes from payments from *suppliers*. That is only sustainable while you dominate the consumer end. Real trouble ahead.

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    Mute Linda Hughes
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    Oct 1st 2014, 11:24 PM

    Me to the staff are rude, unhelpful, surly and they do not smile, continue doing what they are doing when a que is building up and then have an attitude when they have to serve you. I stopped shopping in Tesco a long time ago and would never go back

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    Mute Deirdre Mallin
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    Oct 1st 2014, 8:44 AM

    Aldi people know now every lidl helps!

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    Mute Darren Mullen
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    Oct 1st 2014, 10:09 AM

    They should be under the microscope for the outrageous prices they charge.

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    Mute Jill Antrop
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    Oct 1st 2014, 9:16 AM

    One of their butchers must have been doing the accounts so

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    Mute Andy
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    Oct 1st 2014, 11:57 AM

    Tesco is sh*t. Their meat is crap, I won’t say the staff are rude, I just don’t think they care. Their prices are absolute nonsense, 30 quid gets you a barely half full bag of shopping – ridiculous!

    If you’re not a major fan of lidl or aldi, and sick of Tesco using your hard earned golds to fill their accounting holes then Dunnes is your man!

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    Mute Grainne Gavin
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    Oct 1st 2014, 11:08 AM

    In fairness Tesco prices are very high, and people just cant afford to shop there anymore, i only go to Tesco for washing powder, and if they have a deal on something other than that wouldn’t go near the place.

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    Mute Jim
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    Oct 1st 2014, 8:46 AM

    You can get everything you want under the tree at Spar

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    Mute Sheik Yerbouti
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    Oct 1st 2014, 8:55 AM

    The person who stands up and says, “This is stupid,” either is asked to `behave’ or, worse,
    is greeted with a cheerful “Yes, we know! Isn’t it terrific!” FZ

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