Remuneration of bankers elevated sharply, big Duong Cong Minh led in “horrible” revenue

“SO GLOVES” INCOME OF BANKERS

In keeping with statistics at 10 banks with revenue statements of members of the Board of Administrators (BOD), the common complete remuneration of financial institution “boss” within the first half of this yr elevated by 23%.

Accordingly, the common remuneration of the members of the Board of Administrators of those banks is estimated at 216 million VND/individual/month, whereas in the identical interval final yr, it was solely 175 million VND/individual/month. Most banks have recorded a rise within the common remuneration of members of the Board of Administrators together with the Chairman of the Board of Administrators, with a rise of three% to 100%.

Within the state-owned group, the 2 banks with an outline of the remuneration of the Board of Administrators are Vietcombank and Agribank.

  Remuneration of bankers increased sharply, giant Duong Cong Minh led in terrible income - Photo 1.

Modifications in remuneration for six months of members of the Board of Administrators by way of monetary statements printed by banks.

Agribank’s monetary statements present that the spending stage for the Board of Members, Supervisory Board and Board of Administration is VND 5.7 billion, equal to every chief receiving VND 41.56 million/month, a rise. 5% over the identical interval final yr.

In keeping with the newly introduced regime, wage and bonus report of Agribank, the financial institution plans to extend Three extra individuals to 25 enterprise managers. The common wage of leaders this yr is predicted to be 58.5 million VND/month. After including bonuses, the common revenue of Agribank leaders will improve to 65.eight million VND/month.

Relating to the monetary statements of Vietcombank, the remuneration of the Board of Administrators and the Supervisory Board of the financial institution didn’t exceed 0.27% of revenue after tax for the 6-month interval ended June 30.

It’s estimated that Vietcombank’s collected revenue after tax within the first 6 months of the yr is VND 10,858 billion, 13 leaders within the Board of Administrators and Supervisory Board obtain a most of VND 29.Three billion. On common, every member of the Board of Administrators receives a wage of as much as 376 million VND/individual each month.

On the prime 4 non-public banks (Techcombank, VPBank, ACB and MB), the info within the report reveals that there’s a massive distinction within the common remuneration of the “boss”.

At Techcombank and ACB, the common revenue for BOD members together with Chairman Ho Hung Anh and Tran Hung Huy is as much as 248 million VND/month. Wherein, Techcombank is the main financial institution by way of income amongst non-public banks, whereas ACB is probably the most worthwhile financial institution on this group.

In comparison with the identical interval final yr, the common revenue of Techcombank’s BOD members elevated solely barely by 3%, whereas at ACB elevated by 30%. With a rise of seven%, the common remuneration of MB’s BOD members is 131 million VND/month/individual.

Notably, the extent of remuneration paid to members of the Board of Administrators elevated by 100% over the identical interval in 2020 – the very best among the many listed banks – however the common quantity earned by the bosses at VPBank, together with Chairman Ngo Chi Dung solely 180 million.

  Remuneration of bankers increased sharply, giant Duong Cong Minh led in terrible income - Photo 2.

The massive “boss” on the financial institution obtained big remuneration within the first 6 months of the yr.

Equally, the monetary statements additionally reveal that many joint inventory banks closely pay remuneration to the administration.

SeABank has spent about 139 million VND/month on members of the Board of Administrators, together with Chairman Le Van Tan and Vice President Nguyen Thi Nga. Whereas in the identical interval final yr, this expenditure was solely about 117 million VND/month, which is 19% decrease than the identical interval this yr.

Or at MSB, the common month-to-month wage for leaders is sort of uniform at greater than 230 million VND/individual, of which the CEO and every member of the Board of Administration earned 266 million VND monthly within the first half of the yr.

At VIB, within the first 6 months of the yr, this financial institution spent VND91.four million per individual on the Board of Administrators, up 40% over the identical interval final yr.

Mr. DUONG CONG MINH RECEIVES THE MOST “BIGGEST” SPORTS, SUCCESSFULLY OUT OF THE BANKING SERIES

Main by way of remuneration for members of the BOD is Sacombank, owned by Chairman Duong Cong Minh.

The financial institution’s semi-annual monetary report reveals that, with a rise of over 30% over the identical interval final yr, the full remuneration that Sacombank’s leaders obtained by Chairman Duong Cong Minh within the first 6 months of the yr was 80, 5 billion dong.

Together with 20 billion VND for 7 members of the Board of Administrators, 7.eight billion VND for four members of the Supervisory Board and 52.6 billion VND for 15 members of the Board of Administrators.

Accordingly, the common after-tax remuneration that Mr. Duong Cong Minh and every member of the Board of Administrators, the Supervisory Board and the Board of Basic Administrators obtain month-to-month is 478.2 million dong, 325.eight million dong and 584.9 million dong, respectively.

  Remuneration of bankers increased sharply, giant Duong Cong Minh led in terrible income - Photo 3.

Mr. Duong Cong Minh, Chairman of Sacombank’s Board of Administrators.

Mr. Duong Cong Minh was born on Might 10, 1960 (Canh Ty) in Que Vo, Bac Ninh Duong. Mr. Cong Minh is a Vietnamese businessman who’s presently the Chairman of Sacombank. He’s the founder and chairman of Him Lam Group from 1997 to 2018 and the founder and chairman of Lien Viet Publish Financial institution (LienVietPostBank) from 2008 to 2017.

Mr. Duong Cong Minh earlier than January 2018 was Chairman of the Board of Administrators at 5 firms, together with: Him Lam Joint Inventory Firm, Bao Lengthy Sports activities Tools Joint Inventory Firm, Xin Man Growth JSC, Lien Viet Securities Joint Inventory Firm, and Saigon Industrial Joint Inventory Financial institution. Thuong Tin (Sacombank). In early January 2018, Mr. Minh resigned from the place of Chairman of the Board of Administrators at four firms, specializing in restructuring Sacombank.

At Sacombank’s 2018 Annual Basic Assembly of Shareholders, Mr. Duong Cong Minh made a dedication to shareholders that “If Sacombank doesn’t restructure in 5 years, I’ll go away” together with a promise to attempt to pay dividends after 5 years. banking construction.

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