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Total pay accounts for two-thirds of base salary and variable pay, and about one-third of retirement benefits and other wages, as can be seen in the annual report released Wednesday. The second component in particular was much higher in 2022 than in 2021.
After CHF 15.0 million for eight members in 2021, the total remuneration of the nine Board members was CHF 17.7 million. Scholl’s pay was the highest individual fee, so it was explicitly mentioned. The salary of Urs Baumann, who joined the bank last June and has been CEO since September 1, was not published accordingly.
In addition, according to the annual report, progress payments of 3 million francs have been created for the members of the General Directorate and these rights will be paid in 3 years under certain conditions.
The total remuneration of the board of directors and other bank council members is 9.79 million (+11%), while the highest individual wage goes to Chairman Jörg Müller-Ganz with 0.45 million (-0.7%).
The total personnel expense (parent company) for the part-time adjusted number of 5037 (PY 4,938) employees is given as CHF 1.12 billion (CHF 1.05 billion in the prior year). Of this, 547.3 million is base salary, 349.0 million is variable compensation, 188.2 million is social security premiums and 30.8 million is other personnel expenses. When disaggregated by number of employees, this results in a base salary of just under CHF109,000 and a good variable pay of CHF69,000 per person.
Last year, ZKB increased its profits by 12 percent to CHF 1.06 billion, breaking the billion mark for the first time.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
