Calviño affirms that the salary of bank managers must be linked to the situation of their workers

The Second Vice President and Minister of Economic Affairs and Digital Transformation, Nadia Calviño, has affirmed that the remuneration of senior managers of the financial sector does not have to depend only on “financial variables, but on the evolution of the situation of workers, the quality of the service provided to customers and the contribution it makes to society “.

Calviño, who spoke at the SER Navarra Forum this Monday in Pamplona, ​​assured that “there is a growing awareness on the part of financial sector managers” regarding this approach. “I have been saying it for three years with more or less public projection, I hope that message has been received,” he said.

In this sense, he has assured that he sees “a more positive attitude in the negotiation of the ERE -presented by financial entities-” to try to make them have a less negative impact.

In relation to the controversy over the increase in remuneration of executives in the financial sector, the minister stated that “it is an issue that transcends an individual entity and refers to a sector immersed in a very intense restructuring process that has accelerated as a consequence of the pandemic “. “Digital activity has multiplied, and that affects the financial sector or retail trade,” he said.

Nadia Calviño pointed out that “banks have to tackle this reconversion process” and explained that “it has been a sector subject to increasing competition, which faces an environment of low interest rates and falling profitability in recent years. , and in this context there must be a clear answer from the point of view of the remuneration of the executives of this sector, particularly when there are very important employment regulation or dismissal files “.

These statements are produced after voting by the FROB, a body dependent on the Economy, against the remuneration of the CaixaBank board at its shareholders’ meeting held last Friday.


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