What Banks in Bulgaria Paid its Staff the Most in 2016?

Top Banks by Cost Per Employee ()
Banking | Bulgaria | November 29, 2018
$1.99
Excel Sheet

Based on a comparison of 10 banks in Bulgaria in 2016, Eurobank Bulgaria was paying its employees the best, followed by United Bulgarian Bank and Raiffeisenbank Bulgaria.

Eurobank Bulgaria employed 2,200 persons in 2016, down 0.317% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,859 persons in 2011 and an all time low of 1,078 in 2002.

Average cost reached 1,458 per employee, 32.7% more than a year ago. This figure was some 10 years ago.

Staff accounted for 41.8% of total operating expenditures in 2016.

Comparing Eurobank Bulgaria with its closest peers, United Bulgarian Bank had 2,620 employees with average cost of 1,342 per person, Raiffeisenbank Bulgaria operated with 2,736 people (and 1,295 per employee) and DSK Bank had 4,679 employees in 2016 with cost of 1,132 per head.

The average staff cost per employee reached 2,074 in the Bulgarian banking sector in 2016.

You can see all the banks cost per employee data on the Cost Per Employee indicator page or you can download a report on the Bulgarian banks in the report section.

Cost Per Employee (Local Currency) Unit 2010 2011 2012 2013 2014 2015 2016 2017
Central Cooperative Bank BGN per month ... ... ... 1,190 1,195 1,202
Corporate Commercial Bank BGN per month 2,118 1,883 1,954 ... ... ... ...
D Commerce Bank BGN per month 1,754 1,748 1,793 1,771 1,934
DSK Bank BGN per month 1,619 1,598 1,789 1,850 1,939
Eurobank Bulgaria BGN per month ... 1,964 1,871 1,888 2,029 1,938
First Investment Bank BGN per month 1,521 1,556 1,399 1,667 1,557
Piraeus Bank Bulgaria BGN per month 1,586 1,590 1,489 1,594 1,636
Raiffeisenbank Bulgaria BGN per month 1,881 1,836 1,892 1,985 2,135
Societe Generale Expressbank BGN per month 1,688 1,811 1,896 2,061 2,121
UniCredit Bulbank CZK per month 2,219 2,275 2,249 2,484 2,637
United Bulgarian Bank BGN per month 1,565 2,098 2,712 2,794 2,022