Bankers' Bonuses Back to Pre-Crisis Level

Professional ServicesBanks ♦ Published: June 7, 2011; 00:23 ♦ (Vindobona)

Bonus payments of Austrian banks have recovered from the effects of the financial crisis. Rules for the payout have become stricter.

Bankers' Bonuses Back to Pre-Crisis Level / Picture: © Calculation

In 2010, Austrian and German banks were more generous with bonus payments to their employees than in 2009, the year of crisis. One out of two institutes raised their bonuses while only 16% reduced the volume of extra payments. This is the result of a survey among 30 Austrian and German banks by the management consultancy Towers Watson. “On average, the bonus payments have returned to…