A complete of 221 bankers in Spain earned a couple of million euros in 2021 Spain was the fourth nation with the very best variety of bankers with millionaire salariesIn the EU as an entire, the variety of bankers with millionaire salaries elevated by 41.5% in 2021
The variety of bankers in Spain with a million-dollar wage elevated considerably in 2021, to a complete of 221, in comparison with 128 executives with a remuneration of no less than a million euros in 2020, based on information revealed by the European Banking Authority (EBA). , for its acronym in English).
Thus, Spain was the fourth nation with the very best variety of bankers with millionaire salaries, solely behind Germany’s 589, in addition to France’s 371 and Italy’s 351.
Likewise, the EBA research factors to a banker in Spain because the one who obtained the very best remuneration in 2021 in your complete EU, with 14.67 million euros, whereas the typical remuneration of millionaire bankers within the nation was 2, 16 million, in comparison with 1.8 for the European common.
In the EU as an entire, the variety of bankers with millionaire salaries elevated by 41.5% in 2021 to a complete of 1,957 from 1,383 in 2020, however beneath 4,963 in 2019, when the United Kingdom was nonetheless included within the EU.
Without bearing in mind the United Kingdom, that is the very best variety of bankers with millionaire remuneration in your complete historic collection, which works again to 2010.
These 1,957 bankers distributed a complete of three,526 million in 2021, together with 1,757 million fastened and 1,768 million variable. The common remuneration was 1.8 million, starting from a million euros to 14.67 million.
The majority of high-income banking professionals had been paid inside the pay vary of 1 million to 2 million, with 1,516 folks out of the overall 1,957, whereas the very best noticed pay bracket in 2021 was 14-2021. 15 million.
In its evaluation, the EBA highlights the impact on the remuneration of the sector linked to variable remuneration, which represented 100.6% of the fastened remuneration in 2021. “Since variable remuneration is linked to the efficiency of the establishment, the enterprise line and the personnel, the nice monetary efficiency of the establishments prompted the rise in some bonuses,” he defined.
In this sense, he identified that different related components within the upward evolution of bankers’ emoluments had been the easing of restrictions attributable to Covid-19 and the relocation of employees within the context of Brexit, in addition to inflation.
A banker in Spain, one of the best paid
In the case of the very best paid Spanish bankers, the typical remuneration in 2021 was 2.16 million euros, barely decrease than the typical of two.177 million euros in 2020 and the two.3 million euros in 2019, though larger to the EU common of 1.8 million.
In complete, the 221 bankers in Spain with salaries of no less than a million euros shared 478 million, together with 210 million fastened and 268 million variable.
Although the European authority doesn’t present the identities of the bankers or the names of the entities that paid these charges, the report does point out {that a} complete of 148 of the best-paid banking professionals in Spain obtained between 1 and a couple of million euros, whereas that one other 37 obtained lower than 3 million euros and one other 18, between 3 and 4 million.
Above these figures, the EBA signifies that three Spanish bankers obtained between 4 and 5 million euros; whereas eight obtained lower than 6 million; two obtained between 6 and seven million and one other two obtained between 7 and eight million.
Likewise, a banker in Spain obtained in 2021 between 10 and 11 million euros and one other, between 13 and 14 million; whereas knowledgeable within the sector obtained a complete of 14.67 million in 2021, the very best compensation in your complete EU, together with 3.13 million fastened and 11.54 million in variables, though the EBA specifies that “a major quantity of the remuneration variable corresponds to compensation”.