Remuneration Principles

Supervisory Board members are entitled to a fixed monthly remuneration and do not receive additional variable remuneration. The total remuneration of a Management Board Member consists of a fixed part constituting the basic monthly remuneration and a variable part, representing supplementary remuneration for the fiscal year. The variable remuneration for a Management Board member is contingent on achieving predefined management targets (such as increasing the Bank’s value and improving financial and economic indicators). It cannot exceed 100% of the fixed remuneration received by the Management Board member in the previous fiscal y​ear​ for which the variable remuneration is being calculated.