Staff expenditure widened to cover the need for compensation pay in the Czech Republic, compensation pay provisions in Hungary and Romania, as well as the integration of Informations-Technologie Austria GmbH, a company that had not been included in the consolidation area, by IT Solutions AT on July 1, 2010, Erste said in its financial statements.
Erste employee numbers increase by 0.4% last year, to 50,452 people.
In Romania, BCR staff widened by 1.5%, to 9,245 employees, from 9,112 at the end of 2010.
In the final quarter of 2011, Erste Group posted net profit of EUR254.1 million after the payment of minority interest, which limits the annual loss to EUR718.9 million.
Erste concluded 2011 with a net asset value of EUR210 billion, up 2.1% on the year.