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:

https://in-cyprus.com/rcb-ceo-re-elected-as-head-of-association-of-international-banks-in-cyprus/

 

Top Stories

Attica in ‘orange alert’ state – new emergency covid measures announced

Deputy Civil Protection and Crises Management Minister Nikos Hardalias has announced emergency measures aiming to contain the spread of the coronavirus in Attica. A daily...

Kiti Bishop Nektarios test positive to the coronavirus

Kiti Bishop Nektarios (pictured) has, according to information, tested positive for the coronavirus. It is reminded that the Bishop after coming into contact with one...

Seven new coronavirus cases detected out of 3,039 tests

The Ministry of Health has announced that 7 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

There will be covid cases at schools but an outbreak must be avoided, Dr. Pana says

There will be positive COVID-19 cases at schools, but we must aim at avoiding an outbreak through contamination points, said Zoe-Dorothea Pana, a Lecturer...

Mitsotakis and Tsiodras sound alarm over rise in coronavirus cases, especially in Attica

Prime Minister Kyriakos Mitsotakis and the health ministry's representative for the novel coronavirus pandemic, epidemiology expert Dr. Sotiris Tsiodras, sounded the alarm over the...

Taste

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...