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.
|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|