Luxembourg Central Bank president in the lower salary ranks
Press agency Bloomberg has compiled a list of central-banker salaries across the euro area. The list is headed by Belgium's central bank governor Jan Smets, Luxembourg central bank president Gaston Reinesch ranks 14th.
22.11.2016
(ndp/sth) Press agency
Bloomberg has compiled a list of central-banker salaries across the
euro area. The list is headed by Belgium's central bank governor Jan
Smets who earns a salary of some 480.000 euros per year, closely
followed by Italian central bank president Ignazio Visco (450.000
euros).
Another Italian, Mario
Draghi, who heads the European Central Bank's Governing Council,
finds himself only in fourth place with 386,000 euros per year.
Luxembourg, despite being
one of the wealthiest countries in the list, rewards its central bank
governor with a comparatively "low" income. President Gaston Reinesch had
an income of 181.000 euros in 2015, putting him in 14th
place of the list.
Other countries such as
Germany (Jens Weidemann, 440,000 euros) and the Netherlands (Klaas
Knot, 380,000 euros) see themselves in third and fifth place
respectively.
Taking a look beyond the
euro area, some other numbers can be surprising. The governor of the
Bank of England earns around 975,000 euros, while his US-colleague,
arguably the most influential central-banker in the world, merely
earned 180,000 euros in the past year. Thomas Jordan, President of
the Swiss national bank SNB on the other hand leads the international
ranking with a yearly income of approximately 1 million euros.
The incomes of these
central-bankers still pale in comparison with the executives of the
banks they oversee. Deutsche Bank AG Chief Executive Officer John
Cryan made 1.9 million euros last year, his colleague over at BNP
Paribas SA, Jean-Laurent Bonnafe even saw himself awarded a nice
compensation package of 3.5 million euros in the same period.