14 Feb 2012 15:29

St. Petersburg Bank ups management payments 40% in 2011

MOSCOW Feb 14 (Interfax) - St. Petersburg Bank increased its bonus payments to management 41% in 2011 to 370.87 million rubles, a quarterly report shows.

Management received 150.05 million rubles in the fourth quarter, compared to 125.16 million the previous year.

Bonuses for supervisory board members fell 18.7% in the year to 3.46 million rubles.

The bank's management board contains 10 members and its supervisory board - 11.

St. Petersburg Bank was ranked number 16 by asset volume in the Interfax-100 review of Russia's banks for 2011.