BOI Public Interest Directors net more than €500k in three years

BOI Public Interest Directors net more than €500k in three years

Bank of Ireland has paid its Public Interest Directors more than a half a million euro each since their appointment in 2009.

Joe Walsh and Tom Considine are facing some tough questioning this morning at the Oireachtas Finance Committee on a number of issues, including their role and the bank's decision to increase interest rates on its credit cards just days before Christmas.

Both men admitted that the timing of the decision is unfortunate, but Tom Considine said it is necessary to get the bank back on a sustainable footing.

It has also emerged that neither Director has had to report to the Minister for Finance or the Central Bank.


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