Report reveals Bank of Ireland chief's pay level
on 19/03/2013 14:27:36
The bank's annual report reveals that Mr Boucher was paid €910,000 last year. He waived €67,000 of his annual salary, cutting his overall pay to €843,000.
According to the report, Mr Boucher was paid a basic salary of €690,000, pension contributions of 186,000 and other perks, including a car allowance, of €34,000.
The banks' directors shared €2.5m in pay, pensions and fees in 2012, the report shows.
The report also shows that 7.5% of residential mortgages at the bank were in arrears of more than 90 days at the end of 2012, while 15.8% of buy-to-let mortgages were behind.