DUBLIN, Nov 29 (Reuters) – Eire will raise a crisis-era cap on high bankers’ pay and permit lenders to pay bonuses of as much as 20,000 euros ($20,758) in addition to advantages resembling healthcare for the primary time in additional than a decade, Finance Minister Paschal Donohoe mentioned on Tuesday.
Donohoe, who started an impartial evaluate of Eire’s retail banking system a yr in the past, mentioned ministers agreed to implement its suggestions in full.
They included a lifting of the five hundred,000 euro pay cap for Financial institution of Eire (BIRG.I), which returned to full personal possession this yr. AIB (AIBG.I) and Everlasting TSB (IL0A.I) ought to observe go well with when the state’s shareholding reaches an “applicable” degree, the evaluate recommened.
Reporting by Padraic Halpin, Enhancing by Louise Heavens
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