At European banks, the top earners will have increased by more than 40 percent in 2021. The European banking regulator EBA counts 1,957 income millionaires in its latest report, which was published on Thursday.
This is the highest figure for the EU and the European Economic Area since data collection began in 2010. Across the EU, the highest paid bankers are in Germany (589), followed by France (371), Italy (351) and Spain (221). ). The largest increase (70 percent) comes from institutes in Italy, France and Spain.
To be included in these statistics, the persons concerned had to have earned more than a million euros in their income in 2021. In 2020, there were slightly fewer top earners at European banks with 1383 people. The regulator explained the rise in payment “with the generally good performance of the institutions, especially in investment banking and trading and sales.” Bonuses are usually linked to business success. In addition, in the course of Britain’s departure from the EU (“Brexit”), some well-paid workers moved to mainland Europe.
Income usually between one and two million euros
In most cases (1516) the bankers received between one and two million euros. In six cases, according to the EBA figures, there was even a two-digit value. In Germany, a person collected between 13 and 14 million euros, in Spain it was 14 to 15 million euros due to a severance payment.
Source: Krone
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