Bank of Ireland has many generous perks for its senior executives.
And despite the taxpayers’ bail-out the bank has continued to pay handsome wads of cash to senior staff.
And today a Donegal Bank of Ireland insider told donegaldaily.com: “There’s a lot of media attention surrounding Dublin executives but at least a dozen here in Donegal have banked big bonuses.
“The coverage of the situation in Dublin is a smokescreen. Senior executives across the country get annual bonuses and a few in here have landed some too.
“I personally don’t think any bonuses should be paid after the collapse of the banks. If I was given one, I’d hand it back. It belongs to the country now.”
Asked how much was paid out, our source replied: “You are looking at between €10k and €50k.”
The chief executive of the Bank of Ireland gets an annual cash allowance of €34,000 for his car on top of his basic salary of €690,000.
Head of retail Des Crowley receives an annual car cash allowance of €27,500 along with €20,000 for entrance fees to clubs, and €7,000 for annual membership fees. Both also receive free tax advice.
The bank refuses to discuss bonuses, claiming commercial confidentiality.