AIB: pay cap puts us on Brexit back foot

AIB: pay cap puts us on Brexit back foot

Bank claims it will be unable to compete for top executives

AIB has warned that its ability to retain key executives is in jeopardy if an influx of bankers due to Brexit places upward pressure on pay rates.

AIB is restricted in the compensation it can award senior staff because of the state’s cap on salaries and bonuses.

In a regulatory filing last week, AIB said its ability to attract and keep its staff was a risk for the bank’s long-term sustainable growth.

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post