IBRC CEO defends €866k salary and benefits package

The Chief Executive of IBRC is defending his €866,000 salary and benefits package.

The former Anglo Irish Bank reported an €873m pre-tax loss for last year, down from the record €17.5bn it recorded in 2010.

However, it has emerged that Mike Aynsley was paid €38,000 more than the Government's half a million euro salary cap last year.

The remainder of his total €866,000 earnings were made up of pension payments, allowances and expenses.

However, he defended the package.

Mr Aynsley said: "I think the job that I've done…on an issue like this it really needs to be looked at.

"The call has to be made on whether the value for money is there and I think we have done a very good job at addressing the incredible problems that we took over at this bank, we have put it on a path to a full wind-down and a resolution."