170 German bankers are earning more than €1 million a year - and their colleuges are the second-best paid in Europe, with the largest number of millionaire bankers in the UK, but the best paid are those in charge of the crisis-hit Spanish banks.
According to figures from the European Banking Authority, 3,175 bankers in the region earned more than €1 million in 2011. A full 77 percent (2,436) of these were based in Britain, Der Spiegel reports today..
It is the first time the authority has issued an overview of top earners in the sector, the magazine said. The French had the third highest number of bankers stashing away upwards of a million, with 162 earning an average of €1.59 million.
The 44 top earners in Spain earned the most, with an average of €2.5 million, two-thirds of which consisted of bonuses. This was an increase of eight percent over what they were paid in 2010.
The Local/DPA/hc