Thursday 29 June 2017

Bank of Ireland’s Richie Boucher got pay boosted to €843,000 last year

Richie Boucher
Richie Boucher
Donal O'Donovan

Donal O'Donovan

Bank of Ireland chief executive Richie Boucher was paid €843,000 last year, including salary, benefits and pension contributions. 

It's up from €831,000 a year earlier.

His total pay deal amounted to €910,000 but the banker waived just under €70,000.

The news comes after the heads of all the loss-making, state-backed banks were told to cut pay by 6pc to 10pc by the minister for finance Michael Noonan.

The bank boss earns more than double the salary of the next best paid executive at the bank

In its annual report the part state ownd bank said Mr Boucher was paid a basisc salary of €690,000, unchanged from 2011.

The bank's group chief financial officer Andrew Keating has an annual salary of €390,000, last year his total pay was €418,000 including benefits and pension contributions but he only took up his job at the bank in February 2012.

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