Central Bank governor gifts €63k of his salary to State

The governor of the Central Bank, Patrick Honohan, has gifted €63,324 of his €276,324 salary to the State, it was revealed in its annual report.

The deputy governor, Matthew Elderfield, was actually the highest paid member of staff last year. He earned a salary of €340k for the year.

Mr Elderfield announced last month that he would be leaving the Central Bank in October. It was officially confirmed yesterday that he would be taking up a position with Lloyd’s Bank in the UK as head of regulation. Mr Elderfield has waived a €100k bonus that he was due this year.