At first sight the net salaries of governor George Provopoulos and other board members of the Bank of Greece are not particularly striking. For example, Provopoulos earns 7.615,92 euro per month, two deputy governors 8.148,12 and 7.373,64, three others 4.596,91, 5.944,26 and 6.765,87 euro respectively.
Some of them do not pay social insurance contributions – probably because they have another job and are insured in another fund.
The net payroll list of the bank management was submitted by the Bank of Greece via Finance Minister Yiannis Stournaras to the Parliament after a question posed by a MP of Nea Dimocratia.
BoG governor
However many could still ask: what’s the total cost of the board managers if one adds insurance contributions, bonuses, allowances, credit cars, company cars and other expenses and thus on annual basis? Not to mention the compensation they receive when they leave office.
When it comes to minimum wage of the average Greek, the amount is given in gross – 586 euro. But when it comes to first class politicians and AAA-managers of public sector the data are given in net, additional costs excluded. Just like in many state-run enterprises. When somebody questions the salaries, the answer normally contains only the monthly net salaries but never the bonuses, the contributions and the other extras.
full list in Greek To Vima
BTW: All six managers together have a net monthly income as six IKA-pensioners within a year, and thus gross.
Is there any explanation why a deputy governor would earn 500 € more each month than the governor does?
of course, there is no explanation – maybe she works longer in the bank than the governor?
Or cleans after hours to earn a little extra 🙂
Mrs Louri is insured in different insurance fund, as a professor in the university -she also has two slaries. Provopoulos is insured at Bank’s Insurance fund.
Some of them have another job and still earn between 4,5 and 7,5 THOUSAND euro/month???!!! 😕