Former department chief has earned €500k from BoI

The man who was secretary general of the Department of Finance at the height of the boom has since earned almost €500,000 from an institution saved by the controversial bank guarantee.

Tom Considine, who held the role between 2002 and 2006, revealed the figure and the fact he is also in receipt of a €118,000 pension at a bank inquiry grilling yesterday.

Speaking during the cross-party group’s latest meetings on how the economic crash failed to be stopped, the senior Celtic Tiger era official confirmed he has received almost €500,000 since being appointed as a public interest Bank of Ireland director in 2009.