Sunday May 31, 2020

State bankers to get €10,000 bonuses for helping other banks

Strategic Banking Corporation of Ireland working on a new bonus scheme for its senior executives who have demonstrated “exceptional performance”

Michael Brennan

Political Editor

@obraonain
15th April, 2018
SBCI chief executive Nick Ashmore

State banking executives are in line for bonuses of up to €10,000 - for helping other banks to lend money.

The Strategic Banking Corporation of Ireland (SBCI) does not lend directly to Irish businesses, but instead has supplied €920 million to Irish banks to lend out on its behalf at lower interest rates.

It also runs the state’s credit guarantee scheme, but all applications to the scheme by businesses have to be handled by the...

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