Wüstenrot Hypoteční banka - Staff Cost

Banking | Czech Republic | February 22, 2014
Excel Sheet

The volume growth brings economies of scale as seen on the staff costs. From around 57% in 2007, the staff costs dropped to only 41% of total costs in 2012. In absolute terms, however, the average staff cost remain very high exceeding USD 7,000 per employee, at least when calculated from the income statement