Senior AIB managers received €100k bonuses during boom

Senior managers at AIB were getting €100,000 annual bonuses during the property boom, despite the fact the lender was breaching financial regulator rules.

Former AIB managing director Donal Forde said problems stemmed from the scale of the property bubble and the bank had faced pressure to make profits from other competing “stellar” banks.

Mr Forde was in charge of the Irish section of the bank between 2002 and 2009, the years leading up to the blanket bank guarantee.