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March 27, 2015 8:31 AM ET

Diversified Financial Services

Company Overview of Central Bank of Ireland

Company Overview

P.O. Box No. 559

Dublin,  2






Key Executives for Central Bank of Ireland

Governor and Director
Deputy Governor of Financial Regulation
Deputy Governor
Chief Economist and Director of Economics
Chief Economist
Compensation as of Fiscal Year 2014.

Central Bank of Ireland Key Developments

Central Bank of Ireland Reports Earnings Results for the Third Quarter of 2014

Central Bank of Ireland reported earnings results for the third quarter of 2014. In the third quarter of 2014, banking offices resident in Ireland reported total profits of EUR 1.6 billion. Total operating income decreased by 16% to EUR 2.4 billion.

Central Bank To Sell Dame Street Headquarters

Central Bank of Ireland intends to put former headquarters on Dame Street on the market. The former headquarters could fetch between €25 million and €30 million, according to property sources. The properly will be put for sale in 2015. Along with the sale of two nearby buildings also owned by the bank, this could raise more than €40 million to offset the cost of its new location. The Central Bank also plans to sell numbers 6-9 College Green. Lisney has been appointed to advise Central Bank of Ireland on the sale.

Central Bank and Union Agree Performance Deal for Employees

The Central Bank of Ireland has agreed a new performance management system with trade union Unite. The agreement means bonus payments will continue not to be paid to its staff but high performers will instead continue to be rewarded by their superiors with up to five days' additional holidays. The Central Bank's 1,400 employees receive a ranking of between one and five, depending on how they perform during the year. On average most Central Bank employees receive one extra day's holidays based on their performance. The number of employees receiving the maximum of five bonus days is understood to be very small. Accumulated holidays Including annual leave, privilege days, performance days and bank holidays, it is possible for employees of the Central Bank to take more than 40 days' holidays a year. This is not out of line with many jobs in the public sector. Some staff have accumulated so many days' holidays in recent years the bank has had to buy some days back from them.

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