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Saturday 2 December 2023 Dublin: 1°C
Leah Farrell/Photocall Ireland
Making Bank

Over 1,000 staff at AIB are on over €100,000 a year

That means they make up 1% of Ireland’s high earners.

ONE IN TEN staff at bailed-out AIB earns over €100,000 a year.

That means that AIB staff account for 1% of the country’s high earners.

In total at AIB, 993 staff have total payments of over €100,000 a year, 77 are on over €200,000, 13 are on over €300,000 and nine earn in excess of €400,000.

Finance Minister Michael Noonan released the figures to Fianna Fáil’s Michael McGrath on Thursday, saying that the packages include salary, allowances and pensions.

Bank of Ireland had the largest salary, CEO Richie Boucher’s total pay packet was €776,000 last year. Eight Bank of Ireland executives earned over €400,000, while 103 earned between €198,000 and €258,000.

The figures show that at two of the three state-aided banks named, AIB and Bank of Ireland, staff numbers have fallen since 2012. At AIB, they are down from 13,429 to 11,047.

Bank of Ireland had 11,086 staff at the end of last year, 2,005 down on 2012, while PTSB had a rise of 221 to 2,321.

Of those PTSB staff, 160 are on over €100,000 a year. The majority of those, 143, are on over €100,000, 12 earn over €200,000, three are on over €300,000 and two earn in excess of €400,000.

At IBRC, one person – CEO Mike Aynsley – earns over €500,000, while 53 other staff earn over €184,000. A further 291 staff earn between €87,000 and €115,000.

Read: ‘He’s worth it’ – Dukes on IBRC chief’s €500,000+ salary

Read: AIB boss: ‘I did my level best, but it wasn’t enough. I can never get away from that’

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