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Rating of the largest banks by salaries for 2021

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MOSCOW, July 14 – PRIME. According to RIA Rating experts, the average salary in the fifty largest banks is 117 thousand rubles, and in nine banks the average salary exceeds 150 thousand rubles. The largest Russian banks in terms of assets as of June 1, 2021 The past coronavirus year turned out to be quite successful for the Russian banking sector. although at the beginning of the year extremely negative forecasts were heard everywhere. At the beginning of the year, monthly asset growth rates were rather weak due to uncertainties and fears caused by the pandemic. At the same time, already from the middle of the year, due to measures of state support for the economy, the monthly growth exceeded 1%. It is worth noting that in the pre-crisis 2019, the real increase in assets of more than 1% was observed three times against five times in 2020. At the same time, the maximum increase in 2019 was in December – 1.3%, and in 2020 the increase of more than 1.3% was four times, and the maximum in March – + 3.3%. In general, the volume of assets in 2020 increased by 16.9% and by 12.5% ​​in nominal and real terms, respectively. For comparison, the last time such a high growth rate was observed in 2015. A significant increase in assets and other key indicators also affected the profitability of banks. According to statistics from the Central Bank of the Russian Federation, banks managed to earn 1.97 trillion rubles in 2020, which is only 63 billion rubles less than the historically record result of 2019. Against the background of high profitability, it is not surprising that in 2020, as in the previous year, the Financial Services industry (which includes banks, insurance companies and other financial companies) was one of the leaders in terms of wages and showed a significant increase in nominal wages. As of April 1, the average salary (for 12 months, net of taxes) in the financial industry, according to Rosstat, amounted to 100.8 thousand rubles, which is 9.8% more than on the same date in 2020. For comparison, the national average salary minus personal income tax is 45.7 thousand rubles, and the annual growth was more modest – + 8.1%. Thus, the average salary in the financial services sector is twice as high as the national average, and for Russians this sector is still one of the most attractive places to work because of decent salaries. At the same time, the number of personnel in the banking sector has been declining from year to year, and this trend continued in 2020. The decline in the number of employment in the banking sector is due to several reasons. First, due to overall growth in labor productivity and the wider adoption of remote banking, the number of workers required is decreasing. Secondly, there is a reduction in the number of banks (their number has decreased since 2010 from 1000 banks to less than 400 at the current moment). Thirdly, the transfer of individual business processes to outsourcing is becoming more widespread. According to RIA Rating experts, in 2020 the number of employees of operating banks was about 600 thousand people. For comparison, in 2010 more than 1 million people worked in the banking sector, and in 2015 – about 800 thousand people. Salaries in banks differ significantly Against the background of different business models and profitability, banks have a fairly high level of wage differentiation. At the same time, salaries of employees of some banks differ only slightly from the national average, while employees of other banks receive salaries at the level of specialists in leading world countries. The leaders of the ranking in terms of income of Russians are the northern regions and Moscow. RIA Rating agency, commissioned by AEI PRIME, conducted an analysis and prepared the next rating of the largest banks in terms of salaries as of April 1, 2021. The banks included in the rating control a little less than 90% of the assets of the entire banking system as of June 1, 2021. The methodology for calculating the average salary in a bank implies personnel costs adjusted for personal income tax from 102 forms of bank reporting (for a number of banks from the annual report), including bonuses and compensations, for the last three quarters of 2020 and for the 1st quarter of 2021. The average salary was calculated as a result of dividing the general wages fund by the average number of employees of the credit institution. The source of data for assessing the number of personnel were quarterly reports of issuers (banks), as well as annual reports of credit institutions. Assessment of assets per employee is presented as an additional information indicator. The source of information on assets was the published rating of banks by assets by RIA Rating as of June 1, 2021. According to the results of the research by RIA Rating, in the TOP-50 banks of Russia, on average, about 550 thousand people worked in the analyzed period. At the same time, the average salary among these fifty largest players in the banking sector was 116.5 thousand rubles a month. The total payroll adjusted for personal income tax of all banks from the rating for 12 months (from April 1, 2020 to April 1, 2021) amounted to 660 billion rubles or 54.8 billion per month. In the previous rating, the payroll of banks from the rating was slightly higher – 665 billion rubles. The reduction in the fund is explained by the change in the composition of the TOP-50 banks, as well as the optimization of the staff of credit institutions. The level of average salaries in a bank strongly depends on the business model As the results of the current survey have shown, among large banks there has been a change in the leader in terms of average salaries. The first position in the current rating is taken by TRUST Bank, from which, according to the calculations of RIA Rating experts, employees receive an average of 370 thousand rubles a month. The leader of the previous rating, ROSEXIMBANK, took the second position, with this bank employees receive an average of 333 thousand rubles a month. Ing Bank (Eurasia) closes the top three, from which an employee receives an average of 306 thousand rubles. It should be noted separately that Ing Bank (Eurasia) almost always occupied a leading position in the period from 2012 to 2019. At the same time, banks with a small number of employees prevail among the leaders in the rating in terms of average wages. In particular, Ing Bank (Eurasia) and ROSEXIMBANK have less than 300 people in each of them, and TRUST Bank employs just over 1,000 people. In general, such high personnel costs, according to RIA Rating experts, are explained by the business model of these banks. TRUST Bank is a bad debt bank, and most likely it has a lot of highly qualified collection specialists and lawyers on its staff. Whereas ROSEKSIMBANK has a model of work aimed at serving very large corporations. Ing Bank (Eurasia), in turn, specializes in working with foreign corporations. Named currencies that are more profitable and more reliable than the dollar. In general, among the TOP-10 in terms of average wages, eight banks have a rather small number of employees. The largest staff in the TOP-10 belongs to Bank GPB (Gazprombank) and Tinkoff Bank, which have 20 and 12 thousand employees, respectively. On the last lines are three banks in which the average salary does not exceed 50 thousand rubles a month. This group is dominated by retail banks with a large number of personnel engaged in direct services to individuals. The lowest average salaries in 2020 among large banks were observed at Renaissance Credit Bank (40.4 thousand rubles). The 49th position is occupied by Bank Avers, where the average salary is 48 thousand rubles per month. The third from the end was the UBRD Bank, where the average salary was 49 thousand rubles. Another six banks pay less than 60 thousand rubles a month. The largest banks are characterized by both high and medium wages. Three banks from the TOP-10 in terms of assets are in the top ten in terms of average wages. Three more large banks took places in the top ten in terms of average monthly salaries. The largest bank in Russia and Central and Eastern Europe, Sberbank, ranks 26th in the salary rating with a result of 99 thousand rubles a month. The second largest Russian bank, VTB, occupies a high 12th line with a result of 128 thousand rubles a month. The lowest salary among the TOP-10 banks is observed in Rosselkhozbank (6th in terms of assets in Russia). It is in 37th place in the current rating with a result of 67 thousand rubles per month. RIA Rating experts expect that in 2021 a fairly rapid increase in wages in the banking sector will continue due to the high profitability of Russian credit institutions. Also in 2021, against the background of recovery from the pandemic, unemployment is significantly reduced, which forces banks to compete more actively for personnel. Third, the growth of patches in banks will continue to be driven by the growth of automation and the development of remote banking, which often implies a reduction in staff and an increase in competencies.

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