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What Banks in Russia Paid its Staff the Most in 2017?

Top Banks by Cost Per Employee (RUB per month)
Banking | Russia | March 24, 2021
Excel Sheet

Based on a comparison of 18 banks in Russia in 2017, UniCredit Bank Russia was paying its employees the best, followed by Raiffeisenbank Russia and Promsvyazbank.

UniCredit Bank Russia employed 4,044 persons in 2017, down 0.979% when compared to the previous year. Historically, the bank's workforce hit an all time high of 4,084 persons in 2016 and an all time low of 2,814 in 2007.

Average cost reached RUB 182,354 per month per employee, 2.16% more than a year ago. This figure was RUB 90,411 per month some 10 years ago.

Staff accounted for 49.7% of total operating expenditures in 2017.

Comparing UniCredit Bank Russia with its closest peers, Raiffeisenbank Russia had 8,171 employees with average cost of RUB 146,485 per month per person, Promsvyazbank operated with 9,500 people (and RUB 138,895 per month per employee) and Bank Saint Petersburg had 3,440 employees in 2017 with cost of RUB 136,351 per month per head.

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 Russian banks in the report section.