AIB report confirms €2.7m payment to Colm Doherty

AIB last night published its group annual financial report for 2010 which confirmed it made a loss after tax of €10.4bn on continuing operations.

In his executive chairman’s statement within the report, David Hodgkinson said the financial performance of AIB in 2010 "was extremely poor though not unexpected given the events of the year and the continuing economic downturn".

The report confirms the bank still paid out more than €4.3m to executive and non executive directors and former directors.

Mr Hodgkinson himself came into the his executive chairman’s role on October 27, 2010 and was paid €101,000 over that year.

The €4.325m paid to the directors also included €2.7m to former executive director Colm Doherty, who resigned from that post in November 1 and retired from AIB on November 10.