The members of the Board of Bank “the trust” at the end of 2019 received an average of 180 million rubles. These fees are comparable to payments to top managers of the largest profitable banks, such as VTB or Alfa-Bank. However, “trust” performs the specific tasks for work with problem debts, and remuneration of professionals depend on the results of this work. Total payments amounted to about 1% of the amount of funds returned to the Bank.The members of the Board of non-core assets (SUA) “trust” is earned in 2019 RUB 0.9 bln, of which RUR 150 million had wages 750,5 million rubles— for awards. On average, each top Manager has paid for 180.1 million RUB this data is reflected in the report under securities for the first quarter of 2020 and exceeded the data from the report for the fourth quarter (salary — 130 million roubles, prize — 174 million rubles.). As explained in the Bank, “the accrual of bonuses impossible, earlier than will be summed up and agreed upon outcome indicators, and they are reflected in the report for the first quarter of 2020 and annual reporting according to RAS and IFRS”. In 2018, the Bank’s Board members received 44.1 million rubles, about 15 million rubles. for each top Manager.SUA “trust” was created by the Central Bank in July 2018 on the basis of reorganized credit institutions. For 2019, the Bank’s loss under IFRS amounted to 53.1 billion roubles On may 1, 2020, the trust had negative capital in the amount of 1.32 billion. Rapid growth in payments is due to implemented in 2019, the system of motivation of employees. In accordance with her “more than 80% of remuneration key management employees of the Bank due to the results of the portfolio of troubled and non-core assets,” according to IFRS. In “Trust” confirmed “Kommersant” that the amount of compensation was considered a successful transaction, and said that it was “in large part depends on the implementation of approved recovery plans”. In particular, last year, an agreement was concluded with Mikhail Gutseriev (group Safmar) for 135 billion rubles (see “Kommersant” on 5 November 2019), although it returned only 37 billion rubles. the Net charges of the Bank in 2019 amounted to 108,4 billion RUB In 2020 it is planned to collect 91 billion rubles., and for five years 482 billion rubles the remuneration of the management “Trust” proved to be comparable to payments to top managers of the largest banks — VTB (203 million rubles) and Alfa Bank (206 million rubles.)and in some cases exceeds them — “FC Opening” (122 million rubles), Post-Bank (RUB 104 million), Raiffeisenbank (102 million rubles). As explained in VTB (total payments in 2019 amounted to 2.2 billion rubles), award of the Board is tied to the implementation of the plans on net profit and other key business indicators. Previously in the Bank on the background of the pandemic, it was decided not to pay bonuses of top managers. The Chairman of the Board of Sovcombank Dmitry Gusev explained “Kommersant” that the amount of premiums depends on the run OCYes, qualitative and quantitative KPI’s, with the key of the quantitative indicators is profit.However, even such significant benefits pale in comparison to the incentive program for key personnel in Sberbank. Its Board members have received in the past year to 6.3 billion rubles, or 702,3 million rubles for each top Manager. Most part is occupied with quarterly bonuses, the remuneration by results of work for the year, as well as other lump — sum payments 4.9 bn On fixed remuneration had 1.39 billion RUB Liabilities for the long-term benefits share-based, as of the end of 2019 was 3.8 billion roubles In the savings Bank noted that “the amount of remuneration depends on the financial result for the year, achievement of goals and may vary depending on the management decisions of the Bank.”According to experts, “trust” Bank of bad debts and less money in it no one would have gone. “Work with non-core assets — heavy skilled labor, which must be paid accordingly,” says managing Director Mysearch Masha Yankovskaya. Head of analytical Department AMarkets Artem Deev said that among the KPIs that are used to evaluate the effectiveness of problem debts, usually using a reduced volume, recovery of reserves, the rate of return of a debt, the realization of assets taken in satisfaction of the debt. The management of “Trust” was forced to hire expensive specialists at market rates, and these figures indicates MS Yankovskaya, are consistent with the market.Olga Serenkova, Ksenia Dementieva
Debts revenue The remuneration of top managers of “trust” equal to VTB and Alfa-Bank
357
Weekly Top
Latest News & Headlines
Judge Recommends Overturning Melissa Lucio’s Death Row Conviction, Sending Case to...
In the recent development in the case of Melissa Lucio, a death row inmate, the trial judge, Arturo Nelson of Cameron County, recommended overturning...