Central Bank’s €1.5m travel bill

The Central Bank paid €1.5m on travel, hotels, and in fees to a travel agent for its staff last year.

The largest part of the €1.5m total was €715,143 for travel consultant FCM Travel Solutions.

The payments also include €540,499 to Hotels.com, €194,131 to Aer Lingus, €50,307 to Roomex.com and €24,799 to Ryanair.

A Central Bank spokesman said that in line with Government guidelines, the bank used the services of a travel agent, FCM Travel Solutions, during 2018.

“The amounts paid to FCM include the costs of flights and hotels paid directly by FCM on the bank’s behalf, in addition to the related FCM service fee,” the spokesman said.

“In line with our travel policy, Central Bank staff overnight accommodation is offered in line with public-sector policies and spend limits,” he said.

In order to secure the most competitive rates, the bank uses a range of sources to secure the most suitable and competitively priced accommodation — one of which is Hotels.com.

The Central Bank’s work involves international meetings at the ECB and extensive supervisory duties across Ireland.

The Central Bank also paid Sodexo over €3.5m for catering for its 2,000 staff at North Wall Quay, Spencer Dock and Sandyford, in Dublin.

The spokesman said that “staff, contractors and visitors may purchase catering services in the bank and all such payments received are offset against this cost.”

It also paid €644,673 to cybersecurity firm Bianconi Research, or RITS, in 2018.

More on this topic

Regulator continues to restrict boom-time CFDs

Rate cut prospect climbs for Irish borrowers as eurozone inflation outlook ‘collapses’

New Zealand launches probe into Ireland's incoming Central Bank governor

Central Bank claims flexibility on bankers' pay, including removal of €500k cap, has merits

More in this Section

Workers at UK Ford plant vote to fight closure with threat of industrial action

Industry leaders: Housing and labour biggest barriers to growth in Cork

Call for action on tax appeal backlog

Mortgage rates for Irish customers edge upwards


The Currabinny cooks celebrate the courgette

Cork city in the rare oul’ times

What next for Madonna?

Lindsay Woods: 'My forgetfulness results in a new version of the Walk of Shame'

More From The Irish Examiner