Bonuses for top Russian managers reach pre-crisis level

Major Russian banks boosted the bonuses for its top managers up to pre-crises level, according data compiled by RIA-Analytica research. Experts say, the volume of bonuses reflects the growth of banks’ profit in 2011.

­Top management of VTB bank received a total of $20.2 million comparing to $5.8 million last year.

Vozrozhdenie Bank boosted payments to its top managers up to $8.5 million from $6.19 million in 2010. While UniCredit paid its management $5.4 million in total comparing to $3.8 million in 2010 and $2.8 million in 2008.         Read More