One source told The Mail: “When a pensioner friend of mine remarked that he was playing golf at Howth Golf Club, I asked him how he could afford it in these recessionary times. He said he had his subscription paid every year for the last 15 years because he used to work at BoI.
“Other former BoI staff are members of the Royal Irish Yacht Club or are part of posh fitness centres.”
BoI, whose chief executive Richie Boucher was paid €690,000 in 2011 recorded a pre-tax loss of €950 million in the same year.
A spokesman for the bank said: “Bank of ireland supports staff and retired staff with regard to club subscriptions, the amount of which is capped at fixed amounts depending on staff grades. As with all costs within the group, they are currently under review.”