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Deutsche Bank employees during AGM: At least four earn better than Sewing
Photo: Kai Pfaffenbach / REUTERS
After the best annual result since 2011, Deutsche Bank is once again paying out more bonuses to its board members and employees.
The pot for the variable remuneration of the employees for the 2021 financial year contains 14 percent more than a year earlier at 2.1 billion euros, as the Frankfurt-based Dax group announced on Friday when its annual report was published.
The board of directors also gets significantly more: the managers together receive remuneration of around 66.5 million euros.
The board has ten members, but the total is divided among eleven members because there was a change in personnel over the course of the year.
A year earlier, the Management Board had received a total of 50 million euros in remuneration.
Because of the stress caused by the corona pandemic, the executive committee had, to a certain extent, waived a monthly salary for 2020.
If the salary and bonuses had been paid in full, the total would have been 4.6 million euros higher that year.
The total remuneration for CEO Christian Sewing rose from around 7.4 million euros to a good 8.8 million euros within a year.
Vice boss Karl von Rohr comes to a good 7.1 million euros after around 5.9 million euros in 2020. Some of these sums will only be paid out with a time delay, depending on business success.
Including the board members, 520 employees of Deutsche Bank have a total salary of over one million euros, at least 4 of them collect more than group boss Sewing.
The highest endowment is between ten million and eleven million euros.
Last year, Deutsche Bank achieved its best annual result since 2011.
After taxes, the balance sheet stood at 2.5 billion euros, more than four times as much as in the first year of the corona pandemic.
After deducting interest payments to the holders of equity-like bonds, a good 1.9 billion euros remained in the 2021 financial year.
The total bonuses in the Deutsche Bank Group are distributed among fewer employees: the number of full-time positions fell from 84,659 to 82,969 within a year.
mike/dpa
