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

Top Banks by Cost Per Employee (BGN per month)
Banking | Bulgaria | February 25, 2019
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Based on a comparison of 11 banks in Bulgaria in 2016, UniCredit Bulbank was paying its employees the best, followed by Eurobank Bulgaria and United Bulgarian Bank.

UniCredit Bulbank employed 4,149 persons in 2016, down 0.288% when compared to the previous year. Historically, the bank's workforce hit an all time high of 4,708 persons in 2006 and an all time low of 1,760 in 2004.

Average cost reached BGN 2,643 per month per employee, 0.226% more than a year ago. This figure was BGN 1,512 per month some 10 years ago.

Staff accounted for 47.9% of total operating expenditures in 2016.

Comparing UniCredit Bulbank with its closest peers, Eurobank Bulgaria had 2,200 employees with average cost of BGN 2,577 per month per person, United Bulgarian Bank operated with 2,620 people (and BGN 2,373 per month per employee) and Raiffeisenbank Bulgaria had 2,736 employees in 2016 with cost of BGN 2,290 per month per head.

The average staff cost per employee reached BGN 2,074 per month 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 BGN 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
AVERAGE BGN per month 1,716 1,792 1,827 1,841 1,943 1,912 2,051 2,128