Bank of Ireland CEO paid €831,000 last year

It has been revealed that Bank of Ireland CEO Richie Boucher was paid €831,000 last year.

That figure is above the Government's €500,000 salary cap for bankers.

The figure is contained in the bank's annual report, which has been released this evening.

The bank recently announced a pre-tax losses of €190m for last year.

According to the Bank of Ireland report, Mr Boucher was awarded a salary of €690,000 last year.

He waived €67,000 from his salary, but when other benefits including pension contributions are added in he received a total payment of €831,000.

The bank said that Mr Boucher's salary is the same as the previous year and was agreed with the former Finance Minister, the late Brian Lenihan.

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