Bank Saint Petersburg doubles executive bonuses for Q1
MOSCOW. May 15 (Interfax) - Bank Saint Petersburg increased its bonus payments and remuneration to its managing board by 80% to 301.226 billion rubles in the first quarter of 2012 from 169.229 million rubles for the same period of 2011, the bank said in its quarterly financial report.
The bank's top-management received 370.875 million rubles in 2011, up 41% from 262.75 million rubles in 2010.
Bonuses and remuneration to members of Bank Saint Petersburg's supervisory board in the first quarter increased by 1.6% year-on-year to 441,950 rubles. Members of this board received 3.463 million rubles for 2011 (down 18.7% from 2010).
Bank Saint Petersburg's managing board had 10 members in the first quarter of this year while 11 people sat on the supervisory board.
Bank Saint Petersburg was 15th biggest bank by assets in Russia for the first quarter of 2012 according to the Interfax-100 ranking, compiled by the Interfax Center for Economic Analysis.