MonthDecember 2019

How much do bank executives earn?

How much do bank executives earn?

money cash

Almost 190 million zlotys – this is the number of nine largest banks in Poland spent on the remuneration of their management boards. The record holder turned out to be the president of Pekao SA, which in half a year earned almost PLN 10 million.

Almost 52 million in 6 years

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The bank’s best paid manager in 2017 was the steersman of Pekao SA Luigi Lovaglio. Italy earned as much as PLN 9.8 million for six months. It is only PLN 2.2 million less than in the whole of 2016. It would seem that the said amount, almost 10 million, was greatly influenced by severance pay. Nothing could be more wrong. It amounted to only 30,000 zł. Bonuses for the years 2012 – 2016 constituted over PLN 7 million.

Pekao, which until recently belonged to the UniCredit Group, did not spare money for the salary of the bank’s president. Lovaglio, for six years of his rule, has collected up to 51.7 million zlotys! 2015 was the most abundant year for the Italian, when he earned PLN 13.2 million. Averaging, he received 23.6 thousand for each day of his presidency. zł! The lion’s share of his emolument was various supplements, e.g. for work outside the country of residence. In this respect, it is interesting to compare the earnings of the former head of Pekao with the current one.

In the second half of 2017, the Italian successor – Michał Krupiński – received PLN 1 million. The difference is therefore colossal. The new president was no worse. Under Krupiński’s earnings, the bank’s earnings increased to PLN 2.5 billion from 2.3 billion. On the other hand, the return on equity increased to 10.6 percent. (9.9% a year earlier).

“Transaction Bonus” worth millions

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Wojciech Sobieraj was the second highest paid president in 2017. Like Lovaglio, he also ended his reign in June. During this time, his portfolio increased by PLN 6.2 million. This amount is PLN 3.6 million higher than the one he earned in the entire 2016

. So if we compare the amount of earnings in percentage terms, it turns out that the salary of the founder and former helmsman of Alior Bank increased the most – by almost 140%. The institution’s annual report does not find information that the amount of this amount was affected by severance pay. The bank’s management board received a “transaction bonus” of PLN 12.7 million. This was the result of Alior taking over a separate part of BPH. Michał Chyczewski became the successor of Sobieraj, who earned 809,000 from July to the end of the year.

PLN, being one of the three CEOs whose remuneration did not exceed PLN 1 million in 2017. The other two are: Tomasz Bury (PLN 969 thousand, Idea Bank) and Przemysław Gdański (BGŻ BNP Paribas, PLN 321 thousand). However, they both began to hold their office only in November.

Economical PKO and BZ WBK

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Joao Nuno Lima Bras Jorge, president of Bank Millenium, took the lowest place on the podium. In the whole of 2017, he earned PLN 5 million. That’s 300,000 PLN more than a year ago

. The Portuguese’s salary is also the largest among all managers who are still in their positions. As you can see, we won’t find the head of the largest bank in Poland, PKO BP, among the three most generously paid CEOs of financial institutions. Zbigniew Jagiełło – as we are talking about – earned PLN 3.3 million in 2017, i.e. by 400,000 more than a year ago. Exactly the same amount increased the bank account of Bruno Bartkiewicz from ING Bank Śląski. It is Jagiełło, together with Michał Gajewski (BZ WBK, PLN 2 million) who are the “cheapest” bank governors.

All because their last year’s pay absorbed the smallest percentage of profits generated by managed institutions, 0.11%, respectively. and 0.09 percent

And how much do regular employees earn?

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The nine largest banks in Poland paid out to their CEOs a total of almost PLN 42 million in the previous year. On the other hand, as parkiet.com informs, the remuneration of entire management boards consumed PLN 189 million, i.e. by 28%. more than a year ago.

The largest increase on an annual basis was in Alior (120 percent), Pekao (60 percent) and Idea Bank (42 percent). What are the salaries of other bank employees against this background? An example is the annual PKO BP report. According to it, the average monthly salary of the director oscillates around 19 thousand. PLN gross. Unfortunately, women in this position receive an amount of about 5 thousand. PLN smaller. Managers can count on 11,000 PLN, and a regular employee at 6-7 thous. zł. Of course, these are average rates for the whole bank. You earn much better at the institution’s headquarters.

Tips on saving money by washing laundry – Repay your Loan

Money saving is important for almost everyone. Household costs for linen washing once in America are on average between $ 1.00 and $ 1.50 (€ 0.85 to € 1.28), depending on the utility price. To save a couple of cents for each wash is added up if there are heaps of laundry each time that have to be washed.

In turn, the best and most profitable credits can help you achieve your specific goal, why you want to save much more quickly and efficiently. So you can also make it easier for you to repay your loan by choosing the best lender.

However, starting to save on laundry costs or at least not being aware of it is so difficult.

 

Use Cold Water

Use Cold Water

Almost all liquid laundry detergents today are designed to clean laundry in cold water. Powder detergents, on the other hand, may be insoluble in cold water. Unless you have extremely dirty or greasy clothes, you may be surprised at how well you can wash your clothes in clean cold water. Changing from hot water to cold water saves about 30 cents per washing machine once. Leading manufacturers also produce many store brand detergents, fabric softeners and bleaches. Try them out and see if you’re happy with the results.

The detergent cleaning power can be improved by adding 1/2 cup of baking soda per wash, and you will still save money for every wash using brand names rather than the store’s brands. Baking soda will help control the unpleasant smell of sweat and will regulate the acidity of the water to make the detergent and bleach more effective.

 

Prepare Your Laundry Product

If you are concerned about what chemicals are in commercial laundry detergents, you can create home-based detergents, fabric softeners, starch and perfume enhancers. You don’t have to be crazy scientists to create your own products. The four simple ingredients are everything you need to get a detergent in powder, liquid or single dose units. And depending on your previous detergent you can save at least 15 cents for each laundry.

 

Use vinegar as a fabric softener

Use vinegar as a fabric softener

Do not worry that linen could get an unwanted smell like marinated. Add half a glass of white distilled vinegar to the last rinse water. Light vinegar acid will help to get rid of all the residual detergent residues that make your clothes hard. The main cause of mold and fragrance residues are fabric softening residues. Instead of choosing distilled white vinegar, you will save money, get fresh fragrant linen, and you will still have soft clothes. If you can’t give up your favorite brand detergent, use it less. Try using the 1/2 recommended amount. You may not notice the difference in the cleanliness of your laundry, and your clothes will look better and will last longer. If you have a high-performance detergent, you only need two teaspoons of laundry detergent. If you use more, this could be the reason why your lingerie smells so bad.

 

Reduce Drying Costs

Reduce Drying Costs

Just like detergents, you won’t ignore the difference with just half the drying power. Your clothes will still be soft and nice in smells. You will get twice as much drying time for the same money. Or you can make wool dryer balls from the remaining yarn to help reduce the drying time.

 

Use fresh air

Use fresh air

Outdoor air is free. Take the opportunity to wear outfits and fresh air to dry your laundry. If you properly hang the laundry, you’ll even be able to follow less wrinkles and eliminate the need for ironing. Fresh air can also refresh those clothes that do not need to be washed. Put clean clothes in direct sunlight to use fresh breezes that remove odors.

 

Create More Heat

Create More Heat

To make ironing easier and more energy efficient, attach a piece of aluminum foil under the surface of the iron surface. Foil will help maintain heat and allow you to iron faster or at lower temperatures.

 

Do not iron

Do not iron

This solution can be personally pleasing to many. Plan ahead what you are going to carry. Hang it on the back of the bathroom door when you shower or use the bathtub. The steam that emanates from the wrinkles. Of course, you can find many more tips that will help you fight wrinkles and thus reduce the frequency of ironing.

 

Control how much electricity is consumed

Control how much electricity is consumed

Electricity is usually the most expensive utility payment, so it’s important to calculate how much and what electrical appliances you consume. It is easy to understand that older technology consumes more electricity. This means that if you have an older washing machine, such as at least a year, then it will certainly consume more than a new classroom. Also, each of them has both washing quality and energy class. Therefore, the best option is to choose a device that has class A. While this may be an extra edition, you need to look more at it as an investment in the future. As the washing machine can work peacefully for several years, you will be able to save money on electricity that can reach large amounts. An excellent example of this is the old computers, which consumed a considerable amount of electricity, so people always turned them off or spent only a certain amount of time. Modern computers, especially laptops, consume many times less electricity, so the electricity bill doesn’t change much depending on how much you use your computer and leave it on.

There are many options for saving your financial resources for laundry. In this way, this process will not only be more economical, but even simpler, as there will be no need to worry about powder residue on clothing and other problems. It is also possible to reduce the need for ironing if a creative approach is used. It is not that difficult to use, especially if there are different tips available to each of you to try out with already wrinkled clothing. In order to better understand how much you save, it is worth writing down the cost of laundry, albeit only for powder and electricity. It definitely takes a noticeable share of all monthly spending. In addition, of course, other expenses have to be followed. You can then start thinking about exactly what you want to save if the pair stays with a monthly number of at least three digits. There are several ways to invest wisely. You can also choose other financial assistance or tips to avoid the chances of having the right budget. Perhaps it would also be advisable to reflect on how much clothes are washed each time, as larger washing machines can accommodate quite a large amount, thus reducing the frequency of washing. Changing habits is not easy, but at times it is worth at least to think about them.