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Wednesday, May 25, 2022
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A large bank increases the bonus to its managers by 29%, up to 540 million rubles.

Santander, BBVA, CaixaBank, Sabadell and Bankinter, that is, the major Spanish banks that have recovered in 2021 most of the variable remuneration for its employees and distributed around 540 million euros in “bonuses” to around 1,900 managers, up 29% from a year earlier but still below pre-pandemic figures. In particular, five objects 539.76 million were paid out to 1,896 managers or employees who take risksperform control functions such as internal audit, or receive remuneration comparable to them or senior management, and which is known in jargon as “identified group” or “risk-bearers”.

Those about 540 million represent 29% more that the nearly 420 million that the group’s 2,425 directors received in 2020 when businesses drastically cut variable remuneration following the outbreak of the coronavirus pandemic, however, the “bonus” is 7.4% lower than that paid out in 2019. In the same year, according to information provided by Efe, five organizations paid out almost 583 million to just over 2,500 managers, which meant an average of about 230,000 euros, but at that time banks selected members of this group without set rules. like now.

With the entry into force of the new European directive, the criteria for selecting and identifying these employees have been updated, allowing most banks be more precise in determining who was in the so-called “established group”. The result of this selection adjustment largely explains that a major Spanish bank identified between 2,400 and 2,500 managers in 2019 and 2020 who are subject to a stricter variable remuneration policy than the rest of the staff, and this figure will increase in 2021. be below 1,900. Given this smaller number of individuals in the “identified group” category, the average premium in large banks about 285,000 euros in 2021, almost 23% more than before the pandemic as it fell short of €232,000 in 2019, possibly skewed by the addition of other lower-ranking managers.

By objects

Santander, due to its size and international presence, adds more than 1000 managerss around the world, to whom he gave away almost 394 million, 15.3% more than a year earlier, but 6.8% less than in 2019, when this group included 1,384 employees. BBVA paid just over 83 million to 327 directors and key employees of the enterprise, which means almost 119% more than in 2020 and 18.7% less than before the pandemic, when more than 100 million rubles were allocated for “bonus” 546 people.

In the case of CaixaBank, after its merger with Bankia, there were 303 workers in the “established group”. at the end of 2021, to which he paid a total of $30.5 million, 17.8% more than in 2020 and 2% less than in 2019, when the two entities separately added 341 people to this section. For its part, Banco Sabadell, based on comparable figures, paid out about 24 million bonuses to 147 executives. almost 175% more than in 2020 and 12% more than before the pandemicwhen he allocated 21.3 million to a variable of 154 key employees. Bankinter allocated 8.26 million to a hundred people from the so-called “established group”, 131.4% more than in 2020 and almost 50% more than before the pandemic.although it is the only major banking structure in which the number of managers and employees in this category has grown from 91 to 101.


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