Remuneration Policy

In accordance with the provisions of the aforementioned Law of April 5th, 1993 on the financial sector, as amended, the Bank’s ‘Remuneration Policy’ is consistent with, and promotes, sound and effective risk management and does not encourage risk-taking that exceeds the level of tolerated risk of the Bank.

Also, the ‘Remuneration Policy’ is in line with the business strategy, objectives, values and long-term interests of the Bank, and it incorporates measures to avoid conflicts of interest.

In particular, the following is worth highlighting:

  • The variable component of the remuneration (i.e. bonuses) of each individual staff member of the Bank, including the members of the Executive Committee, does not exceed 100% of the fixed component of the total remuneration (i.e. salaries).
  • No individual staff member of the Bank receives a total remuneration in excess of EUR 1 million.