Bank employees still living large despite doldrums
Bank employees still living large despite doldrums
Despite difficulties in the banking sector, employees are still enjoying high wages.
Many banks recently released first-half financial statements that showed employee incomes at many banks are still high, despite the institutions’ hardships.
Vietcombank’s first-half consolidated financial statement showed that its second-quarter after-tax profits rose 22 per cent on-year to VND1.06 trillion ($50.4 million), bringing the bank’s six-month after-tax profit to VND2.23 trillion ($106.2 million), a 12.4 per cent bump compared to the first six months of 2013.
Also in the first half, Vietcombank earmarked VND1.55 trillion ($73.9 million) for staff remuneration, averaging VND112 million ($5,300)/6 months and VND18.6 million ($885) per capita per month.
As of June 30, the bank consisted of its headquarters, one transaction bureau, one training centre, 89 branches, and a rep office in Singapore with total staff numbering 13,873.
In the first six months of 2014, Military Bank (MB) posted VND1.33 trillion ($63.7 million) in post-tax profits, slightly down on-year.
As of June 30, the bank reported its staff at 6,389 with more than VND689 billion ($32.8 million) in total income, averaging nearly VND18 million ($857) per capita per month.
BIDV also caved its name among banks taking the lead in staff payments, at nearly VND19 million ($904) per capita per month.
With total after-tax profits reaching VND614 billion ($29.2 million) in the second quarter this year, up 34 per cent on-year, and six-month cumulative profits at VND1.2 trillion ($57.2 million), up nearly 9 per cent on-year, Sacombank has scaled-up recruitment.
As of June 30, the bank had a reported headcount of 11,089 people, up 303 compared to the end of the first quarter.
The bank’s payroll reached VND1.07 trillion ($51 million) in the first half, averaging VND16.1 million ($766) per capita per month.
The employees at VietinBank, Techcombank and ACB respectively reported average monthly pay of VND17.9 trillion ($852), VND16.9 million ($804), and VND15.5 million ($738).
Salaries at public banks such as PVcomBank, OceanBank, PGBank, and Saigon-Hanoi Bank were also relatively high, in the range of VND10-12 million ($476-$571) per capita per month.
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