Minister for Finance Paschal Donohoe says a wage cap on those who work in State-owned financial institutions could be leading to problems with staff retention.

Currently, those who work in top jobs in AIB and PTSB can’t be paid more than €500,000 a year.

With a large number of international banks now located in Ireland, it’s worried that staff at Irish-owned banks could be attracted by more lucrative job offers.

The Department of Finance is therefore looking to review how much bankers are paid, but we’re wondering: Does the €500,000 salary cap for bankers need to be reconsidered?

Poll Results:

Yes, they should be paid less (5381)

No (3350)

Yes, they should be paid more (1712)

I'm not sure (421)

Yes, they should be paid more
Yes, they should be paid less
No
I'm not sure

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Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?

Poll Results:

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

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