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Wednesday 1 October 2014

Almost 30 staff at AIB and BoI earn more than €400,000

Published 15/11/2012 | 19:50

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12.11.2012 - Brussels, Belgium - Finance Minister Michael Noonan pictured speaking after the Eurogroup meeting of EU eurozone finance ministers.Photo by Peter Cavanagh [Must Credit]

FOUR senior executives at AIB and 24 staff at Bank of Ireland are paid more than €400,000 a year each, the finance minister has confirmed.

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The latest figures on bankers pay emerged tonight in written responses to question from Sinn Fein’s Pearse Doherty and Padraig Mac Lochlainn.



In his written reply Michael Noonan said the government shared public outrage about the high levels of pay at rescued banks



“Without the assistance of the citizens, he said such levels of remuneration at these institutions would only be aspirational,” he said.



The number on top salaries of more than €400,000 will drop to two at state owned AIB at the end of this year, as the bank ploughs ahead with a redundancy and early retirement scheme that has led to a number of very senior exists.



Bank of Ireland which is 15pc state owned has not seen the same kind of staff turnover in recent years.



There, 150 individuals are earning pay of between €150,000 and €300,000.



A further 19 are paid between €300,000 and €400,000 with 24 taking home in excess of €400,000.



Bank of Ireland chief executive Richie Boucher’s pay package, including salary and allowances is €831,000.







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