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Europe's top bankers earn record salaries amid rising profits and scrutiny

In 2024, Europe's top bankers are earning record salaries, led by Sergio Ermotti of UBS at 15.4 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros. Other notable figures include Christian Sewing of Deutsche Bank at 9.8 million euros and Hector Grisi of Santander at 8.3 million euros. These high earnings are driven by substantial bank profits, despite rising interest rates, while discussions in Switzerland about limiting executive pay could impact future compensation dynamics.

European bank CEOs see record pay amid rising profits and investor scrutiny

Sergio Ermotti, CEO of UBS, topped the list of Europe's bank executives with a remuneration of 14.9 million francs for 2024, significantly outpacing his peers. Despite investor criticism, both UBS and UniCredit defended their compensation packages, citing strong company performance and competitive talent markets. The rising profitability in the banking sector has led to increased bonuses across the industry, particularly in investment banking, while some CEOs, like those of Credit Agricole and ING, remain at the lower end of the pay scale due to less reliance on this sector.

sergio ermotti tops european bank ceo pay in 2024

Sergio Ermotti, CEO of UBS, topped the list of Europe's highest-paid bank CEOs in 2024 with a total remuneration of CHF 14.9 million, significantly exceeding the average for the continent's largest banks. Unicredit's Andrea Orcel followed closely with €13.2 million, marking a 32% increase. Meanwhile, the remuneration of bank executives faces scrutiny amid ongoing integration efforts at UBS and disputes over future capitalization.

european bank ceos see record salaries amid rising profits in 2024

In 2024, Sergio Ermotti, CEO of UBS, topped the list of Europe's highest-paid bankers with a salary of 15.6 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros, marking a 32% increase. The average salary for CEOs of the top 10 European banks was 7 million euros, driven by exceptional profits from rising interest rates. Despite the substantial compensation, criticism arose regarding the high pay of bank executives, prompting Unicredit to defend Orcel's salary increase as essential for long-term commitment in a competitive market.

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Sergio Ermotti, Chairman of UBS, topped the list of highest-paid bankers in Europe for 2024, earning 14.9 million francs. Following him is Unicredit's Andrea Orcel with 13.2 million euros, and Deutsche Bank's Christian Sewing at 9.8 million. Many banks benefited from rising interest rates, leading to increased profits and remuneration.

Sergio Ermotti tops Europe's banker earnings with 15.6 million euros in 2024

In 2024, UBS CEO Sergio Ermotti topped the list of Europe's highest-paid bankers with earnings of €15.6 million, followed by UniCredit's Andrea Orcel at €13.2 million, marking a 32% increase. Deutsche Bank's Christian Sewing rounded out the top three with €9.8 million. The surge in salaries is attributed to significant bank profits and rising stock prices.

sergio ermotti tops european bank ceo earnings in 2024

Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among European banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel received the largest raise, bringing his total to 13.2 million euros, while Deutsche Bank's Christian Sewing followed with 9.8 million euros. Other notable figures include Santander's Hector Grisi at 8.3 million euros and BBVA's Onur Genc at 7.3 million euros, with the lowest compensation reported at 2.6 million euros for Credit Agricole's Philippe Brassac.

highest paid european bank ceo in 2024 is ubs sergio ermotti

Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among Europe's largest banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel followed with a significant raise to 13.2 million euros, while Deutsche Bank's Christian Sewing earned 9.8 million euros. Many banks benefited from rising interest rates, leading to increased profits and higher compensation for executives.

credit agricole ukraine secures 50 million euro agreement with ebrd for loans

Credit Agricole Ukraine has signed a EUR 50 million risk-sharing agreement with the EBRD to enhance its lending capacity for Ukrainian businesses, particularly SMEs in critical industries. This partnership aims to support capital investments and recovery efforts amid the ongoing war, allowing the bank to increase its loan portfolio to EUR 200 million since the conflict began. The EBRD has been a significant investor in Ukraine, deploying over €6.1 billion since the war started.

Credit Agricole Increases Stake in Banco BPM to Counter UniCredit Bid

Credit Agricole SA is increasing its stake in Banco BPM from 9% to approximately 15% to safeguard its interests in Italy following UniCredit SpA's takeover bid for the bank. This move strengthens CEO Philippe Brassac's negotiating position with both Banco BPM and UniCredit, crucial for revenue generation in the region.
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