The highest paid employee Deutsche Bank in the queue to earn almost twice as much as the CEO

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The highest paid employee Deutsche Bank can earn almost twice as much as the executive Christian sewing in 2024, since the largest bonuses in Germany increased bonuses after increasing profits from investment banking.

The number of employees earning more than 1 million euros jumped 28 percent to 647 in 2024, compared to 505 last year. The growth was caused by a 78 percent increase in income to taxation in the investment bank, where productivity wages are a large share of total pay.

The total bonus bank of the bank increased by 25 percent to 2.5 billion euros, most since 2014, and the total payment has increased by only 8 percent to 11.1 billion euros, and the number remained stable.

Deutsche It does not reveal the identity of its highest salary, which is not on the board, but one person was paid at 18 million euros last year, and in 2023 the highest salary had a salary range of 14 million to 15 million euros. The sewing is in line to earn EUR 9.8 million, which is 12 percent in 2023.

Executive bonuses For the members of the council outlined in the annual Bank report on Thursday, there are preliminary estimates from the changes in the remuneration structure. Final payment packages may be higher or lower depending on the future Deutsche indicators.

Since 2024, the bank has linked payments to the next three years, not the last three. Thus, the salary of the Swing can reach a maximum of 12 million euros.

The latest payments in 2024 will be fully determined only in 2026. If the members of the Council achieve 100 percent of their goals, their total long -term bonus would amount to EUR 25.6 million, which compared to EUR 19.8 million in 2023, when it reached 77.5 percent of the goal.

Short -term bonuses fell for most council members after they missed individual goals. Bonus for Chief Administrative Director Stefan Simon almost halved to EUR 1 million, from 1.8 million euros last year, after the bank was hit by an unexpected trial of EUR 900 million. This is due to the long court case at the price he paid to shareholders when he bought a Postbank retail lender more than ten years ago.

The bonus paid to Olivier Vineron’s risk director, was also reduced by more than 20 percent.

Last year, Deutsche warned investors that loan loss would be higher than initially expected, and faced the European Central Bank for risk management.