The state plans to limit the size of bonus payments to the management of banks, as announced on-air TV channel "Russia" Vice-Premier, Minister of Finance Alexei Kudrin. MOF has already preparing a proposal to introduce restrictions on the bonuses of top managers of Russian banks that plan to seek the assistance of the state, writes the newspaper Kommersant.
The Russian Ministry of Finance is ready to join the "crusade" against unduly inflated payments to the management of banks and other financial institutions, announced that authorities in many developed countries. In particular, in the U.S., President Obama has made the adoption of the amendments, under which annual payments to banks that plan to participate in a state program to stabilize the financial sector, the annual payments are limited to half a million dollars.
A similar initiative made, and French President Nicolas Sarkozy, who collapsed with sharp criticism of the system of bonuses, adopted by the banks and investment companies. In his view, France will cost and without the "best manager", and without the system, which provokes the traders to take undue risks.
In Russia, said Kommersant, bankers are beginning to independently reduce the amount of remuneration of top managers and board members, as evidenced by published accounts for the fourth quarter of 2008, five banks that are members of the thirty largest.
Thus, the second largest commercial bank VTB declined in the fourth quarter payment to members of the board more than doubled - from 299.2 million rubles. in the third quarter to 131.5 million rubles. in the fourth. However, total payments to top management in 2008 increased compared to last year at 11%, to 533.9 million rubles. However, these bonuses were paid for the work of managers in 2007.
Sberbank and did last year adopted a strategy, which provides great savings on staff. As indicated in the documents of Sberbank, if in 2007 the bank employed about 270 thousand people, then in 2013 the number of employees does not exceed 200-220 thousand people. Thus, over five years, the Bank intends to reduce from 20 to 30% of staff, or every fourth employee.
According to published at the end of last week's quarterly report on Sberbank's securities, payments to members of the board for 2008 in terms of a top manager also declined. If in 2007 the total amount of payments (bonuses and salaries), the members of the Board of Sberbank amounted to 892.1 million rubles. But the average payment to one member of the Board - 3.7 million rubles., On the basis of 2008 they were in total 933.6 million rub., with the increasing number of managers in the board from 20 to 23 average monthly payment of 3.4 million rubles.
Similar processes are observed and in private banks, the capital of which the State is not involved. Banks continue to be forced to reduce the size of bonuses regardless of the initiatives of the Ministry of Finance, believed by experts interviewed by Kommersant.
"Most of the time in banks, remuneration is pegged to the performance of the department, which oversees a specific member of the board. In most cases, the amount of remuneration set by the annual shareholders' meeting, held in spring and summer. Given that the results of 2008 the profitability of capital of banks has fallen by half (from 30% to 15%), the payment of top management should be similarly reduced, - the newspaper quotes the director of the Center for Economic Research, Moscow Academy of Finance and Industry Sergei Moiseyev.
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