BNR had 1,861 employees at the end of last year, 63 more than in 2010 and personnel spending rose 9% to RON220.7 million, according to data in BNR’s annual report. The estimates for the monthly average wage were made by dividing overall personnel spending to the number of employees and by subtracting taxes and contributions from the gross value. The net wage in euros was calculated at last year’s average exchange rate of RON4.2379 to the euro.
In December 2011 the net average wage in the economy was RON1,604 (EUR373) and the wage in the financial intermediation sector (banks, NBFI) was RON4,348 (EUR1,000), according to data from the National Statistics Institute.
In commercial banks the top management (president and vice-presidents) can earn as much as 10 times higher than the bank’s average wage.
The central bank made a profit of RON301.4 million last year, almost five times lower than in 2010, while the entire banking system recorded a loss of almost RON430 million, from a loss of RON516 million in 2010.
“The profit decline was due largely to the central bank’s position as net debtor to the banking system in the first six months of the year, as well as to low yields on assets in foreign currency,” BNR explains in its annual report.
(English version by Daniela Stoican)