MNBʼs payroll increases
MNB headquarters in Budapest (Image by Jessica Fejos)
The average salaries of National Bank of Hungary employees have grown by 50% in the last five years, MNB Governor György Matolcsy said in response to Bertalan Tóth, MP of the opposition Socialists, Hungarian online daily nol.hu reported today.
According to Matolcsy, the number of employees in the central bank has doubled, while payroll has tripled, nol.hu said. Five years ago, 584 employees were paid HUF 371 mln; this year a total of 1,275 employees were paid HUF 1.148 bln.
Matolcsy noted that the growth is chiefly due to the integration of the financial supervisory board PSZÁF in the fall of 2013, and the harmonization of the board’s employees. Matolcsy reportedly noted that the termination of the bonus system also contributed to the growth.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
