Andreas Treichl, the CEO of Erste Group, which controls BCR, got1.48 million euros in compensation from the bank he runs last year,down 55% compared with 2008.
The difference stems from the fact that the entire Erste managementgave up its performance bonuses for 2008, even though figureslooked good two years ago. The bonus policy was restricted by theagreement signed with the Austrian government for a 1.8billion-euro capital inflow in the autumn of 2008.
In 2010, Treichl is entitled to a bonus of no more than 200% of hisgross annual salary only if the bank makes at least 1.15 billioneuros in net profit, considering the 2009 income stood at merely903 million euros.
Erste's CEO also gave up the pay he was supposed to get as chairmanof BCR's Supervisory Board.
Treichl's actual salary last year was slightly above one millioneuros, compared with 1.2 million euros in 2008, and he gotadditional compensation put at 448,000 euros.
The acquisition of BCR in 2007 got Treichl a record bonus of morethan 2.8 million euros, so that his total compensation reached 4.42million euros.
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