One fat cat banker in Ireland was paid over €6million last year, while another 48 top executives were paid at least €1million each.
But the public is not allowed to find out who the bankers are, as the information from the European Banking Authority does not identify the individuals or the companies they work for.The EBA’s report disclosed that 48 bankers working for financial organisations in this country were paid more than €1million in 2021.
The report also reveals that around €50million of this was drawn from what is described as “variable remuneration” which usually means bonuses for making money for the banks.A further eight received between €2million and €3million, while six were paid between €3million and €4million.
The huge increase in bankers’ pay packets is being put down to Brexit, which saw many top executives move from London to financial hubs such as Paris and Frankfurt.