Insider Business Top salaries for top bank executives

Top salaries for top bank executives

The salaries of top bank executives in Cyprus range from tens of thousands to  a few million.  Data from 2018 annual reports and corporate governance reports show that the remuneration of senior bankers is high but varies.

In his last year as Bank of Cyprus CEO John Hourican’s annual remuneration was €2.3 million while the second senior manager Deputy CEO Christakis Patsalidis, was earning €212,000.  It is still unknown what the new BoC CEO Panikos Nicolaou will be earning.

Hellenic Bank’s CEO Ioannis Matsis was getting a total of €530,000, while CFO Lars Kramer’s annual salary was €497,000.

RCB Bank data shows that the annual remuneration in 2018 of executive directors and the executive team as a whole amounted to €9.7 million. Specifically, four top bank employees earned over €1 million each in 2018. One of them was getting between €1-1.5 million, another was getting between €1.5-2 million and two more were earning between €2-2.5 million. RCB’s CEO is Kirill Zimarin.

The Eurobank Cyprus annual report for 2018 shows that a fee of  €945,000 went to top executives. The CEO is Michalis Louis.

Last year, Alpha Bank Cyprus paid board directors a total of €720,000.  A total of €531,000 went to salaries for executive directors. The Bank’s CEO is Constantinos Koutentakis.

Executive directors of National Bank of Greece (Cyprus) last year were remunerated with a total amount of €304,000, of which €78,000 went to members of the Board of Directors.

The Bank’s CEO in 2018 was Christodoulos Christodoulou who recently took over as Chief Financial Officer of the National Group. Marinos Stratopoulos is the new CEO of the subsidiary in Cyprus.

Executive directors at Ancoria Bank received a total of €386,000 in 2018. CEO is John Loizou.

Astrobank and cdb bank have yet to publish their 2018 annual reports.


Read more:


Top Stories

Trump says protesters would have met ‘vicious dogs’ if White House fence breached

U.S. President Donald Trump on Saturday said demonstrators protesting the death of a black man who died after a white police officer knelt on...

Paphos: Police publish photos of stolen valuables

  Police have found jewellery, watches and other valuables in the possession of a 22 year old and a 15 year old who are under...

Protests flare around the United States over Minneapolis killing

Violent protests flared overnight in several U.S. cities as demonstrators vented their anger over the killing of George Floyd, a black man who died...

Just one new Covid-19 case on Saturday; total at 943

  One person has tested positive for coronavirus from a total of 2061 tests, the Health Ministry said on Saturday, bringing the total since the...

Paphos: 10 hotels to reopen in June

  Ten of the 57 hotels in the Paphos district are expected to reopen in June, the president of the Paphos branch of the Cyprus...


Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...

Spiced lamb with beetroot salad and scented yoghurt

Lay the lamb on a tray, skin side down. Rub with crushed garlic, sprinkle with spices and ground pistachios, wrap in plastic wrap and...

Easy seafood pasta with white wine sauce

Ingredients: 2-3 tbsp olive oil 1 garlic clove, chopped 2-3 tablespoons of whipped cream 1/3 cup white wine 300g spaghetti, roughly broken 300-400g of...

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...