The salary of bank "workers" was exposed, and the average average person in the first place was 600,000 yuan (with table)

The following article is from Shishido, and the author is Shishido

Original title: "The Big Exposure of the Bank's "Worker" Salary: Different Heights, Different Increases and Decreases, Some in and Some Out" Author Chen Shengjie 

Edited by Yuan Chang

Bank workers, the "high-end boys" among professional workers in the eyes of the world, how was their income last year?

With the disclosure of the annual reports of listed banks, the answer gradually emerged.

As of April 18, 23 A-share listed banks have disclosed their 2023 annual reports, including 6 major state-owned banks, 7 national joint-stock banks, and 10 regional banks. Judging from the data, although the average salary of employees in nearly half of the banks decreased to varying degrees last year, the average salary of up to 600,000 yuan is still difficult for most workers in other industries to match.

Incomprehensible emotion: stereotypes are going to deepen again.

Joint-stock banks are among the top in terms of salaries

The remuneration of the bank's employees is mainly reflected in the "Employee Expenses" column of the "Operating and Management Expenses" column in the income statement. 

"Employee expenses" are further subdivided into salary bonuses, as well as social security, five insurances and one housing fund, trade union funds and training fees, among which the "salary bonus" in the detailed items belongs to what we usually call employee wages, and other details are collectively referred to as benefits.

Judging from the 23 banks that have published their annual reports, in terms of average per capita compensation, national joint-stock banks stand at the top of the chain of contempt:

National joint-stock banks> urban commercial banks> rural commercial banks > state-owned banks.

Specifically:

Seven national joint-stock banks have been announced, with an average per capita salary of more than 510,000 yuan, four urban commercial banks, with an average per capita salary of 438,000 yuan, six rural commercial banks, with an average per capita salary of 394,000 yuan, and six major state-owned banks, with an average per capita salary of 330,700 yuan.

China Merchants Bank's average salary is "the highest"

In the annual reports of mainland banks released so far, the highest salary level per capita is still China Merchants Bank, which has been named the "king of retail".

In 2023, the average salary of employees of China Merchants Bank will decrease compared with last year, but it will still reach 603,700 yuan, making it the only bank with an average salary of more than 600,000 yuan.

At the same time, China Merchants Bank was also the national joint-stock bank that generated the largest net profit per capita last year. In 2023, each CMB employee will create an average of 1.2581 million yuan of net profit attributable to the parent company of CMB.

At the same time, the annual report shows that last year, with the addition of 3,530 employees, China Merchants Bank reduced employee expenses by 309 million yuan, and the average salary per capita decreased by 21,600 yuan compared with 2022.

According to the annual report of China Merchants Bank, in 2023, China Merchants Bank will achieve a net profit of 146.602 billion yuan, a year-on-year increase of 6.22%, and an operating income of 339.123 billion yuan, a year-on-year decrease of 1.64%.

At the 2023 annual results conference of China Merchants Bank, in the face of questions about the current operating pressure of the banking industry, Wang Liangzhi, President of China Merchants Bank, said: "This year, in accordance with the requirements of the board of directors to live a tight and strict life, we will reduce various costs and expenses, and promote revenue growth by reducing costs and increasing efficiency." ” 

Ruifeng Bank Qingdao Bank per capita salary growth "fast"

Among the domestic banks that have published annual reports, the "fastest" increase in per capita salary is Ruifeng Bank.

Headquartered in Shaoxing City, Zhejiang Province, Ruifeng Bank is one of the first rural commercial banks to be restructured and established in Zhejiang Province and the first listed rural commercial bank in Zhejiang Province.

In 2023, the average salary of Ruifeng Bank will increase by 11.83% from the previous year to 372,400 yuan, which is equivalent to an increase of nearly 40,000 yuan per person. Among banks of the same type, its per capita salary level is better than Changshu Bank's 310,200 yuan, and gradually approaches Jiangyin Bank of similar scale (395,500 yuan per capita salary in 2023).

Judging from the annual report, in the past two years, Ruifeng Bank's revenue as a whole has been relatively stable.

In 2023, the bank achieved operating income of 3.804 billion yuan, a year-on-year increase of 7.90%, net profit attributable to the parent company of 1.727 billion yuan, a year-on-year increase of 13.04%, and total assets of 196.889 billion yuan, an increase of 23.35% from the beginning of the year.

Among the 23 listed banks that have been disclosed so far, Ruifeng Bank's operating income growth is second only to Changshu Bank, and the growth rate of net profit attributable to the parent company ranks sixth, behind Bank of Hangzhou, Changshu Bank, Qilu Bank, Jiangyin Bank and Bank of Qingdao.

At the 2023 annual results briefing, Wu Zhihui, chairman of Ruifeng Bank, said that since 2023, Ruifeng Bank has launched the preparation of a five-year development strategic plan, and finally established the "1235" goal and vision, with the goal of achieving "rebuilding a Ruifeng in five years".

After Ruifeng Bank, the per capita salary increase of Bank of Qingdao is also higher.

In 2023, the average salary of Bank of Qingdao increased by 8.69% from the previous year to 438,500 yuan.

Bank of Qingdao mentioned in its annual report that in 2023, the bank's corporate business development, staff increase, operating income and profit growth, and employee expenses have increased.

Bank of Wuxi: Among rural commercial banks, the per capita salary is the highest

Although the per capita salary of Ruifeng Bank has grown rapidly, there is still a distance between it and Wuxi Bank.

According to the annual report, the average salary of Wuxi Bank last year was as high as 465,500 yuan, temporarily ranking first among A-share listed rural commercial banks.

However, Wuxi Bank does "make money", and its per capita profit is much higher than that of similar banks, and even slightly higher than that of China Merchants Bank, reaching 1.2586 million yuan.

In terms of performance growth, Bank of Wuxi will perform moderately in 2023, achieving operating income of 4.538 billion yuan, a year-on-year increase of 1.28%, and net profit of 2.2 billion yuan, a year-on-year increase of 9.96%.

However, compared with rural commercial banks of similar size, the number of employees in Wuxi Bank is significantly smaller.

As of the end of 2023, Bank of Wuxi has total assets of 235 billion yuan and 1,708 employees. The staff size is even less than that of Ruifeng Bank and Jiangyin Bank, which are inferior to its asset scale.

It can be seen that although the per capita profit is largely affected by factors such as regional resource endowment, it is also closely related to the company's personnel strategy and employee ability characteristics.

The annual report also shows that in the past five years, the number of administrative staff in Wuxi Bank has shown a fluctuating downward trend. But at the same time, the bank has significantly increased its technical staff.

The average salary of the Bank of Communications is "the most modest"

Among all types of banks, the average salary per capita is relatively low in state-owned banks, while among state-owned banks, the Bank of Communications is even lower.

According to the data, the average salary of Bank of Communications last year was 294,900 yuan, a year-on-year increase of 0.17% over 2022, but it is still the lowest among the announced listed banks.

According to the annual report, in 2023, Bank of Communications achieved operating income of 258.014 billion yuan, a year-on-year increase of 0.26%, and net profit attributable to the parent company of 92.728 billion yuan, a year-on-year increase of 0.68%.

The average salary of many banks has declined

It is worth noting that among the 23 listed banks that have disclosed their 2023 annual reports, the average remuneration of 13 banks has increased, and the average remuneration of 11 banks has decreased to varying degrees.

Among them, the per capita salary of the Postal Savings Bank has decreased significantly. In 2023, the average salary of employees of the Postal Savings Bank will be reduced by 24,500 yuan, a year-on-year decrease of 7.02%.

Among the large state-owned banks, the Postal Savings Bank can be regarded as "late in listing" and "light in burden". In 2023, PSBC's non-performing loan ratio will be 0.83%, ranking among the top state-owned banks.

In addition, the decrease in the per capita salary of the Postal Savings Bank last year was also related to the increase in employees. In 2023, PSBC has 17,108 employees, an increase of 9.5 percent, but the total compensation package growth is only 1.81 percent.

In addition, the Postal Savings Bank is not only the bank with the largest number of outlets among the large state-owned banks, but also the bank with the highest staff density among the large state-owned banks. On average, the bank needs one employee for every 125 million assets in the bank.

Earnings may be recovered

It is worth noting that with the recourse clawback mechanism of bank performance pay, more and more workers are being "reversely demanded" by banks.

In the 2023 annual report, a number of listed banks such as China Merchants Bank, Bank of China Harbin Bank, Bank of Tianjin, Ruifeng Bank, and Chongqing Rural Commercial Bank announced the relevant information on the recourse and clawback of performance-based compensation. At the same time, many banks such as the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Construction Bank of China, and the Bank of Communications also emphasized in their annual reports that "they have established a mechanism for deferred payment of performance-based remuneration and recourse clawback".

The recourse clawback mechanism for bank performance pay is not only for senior executives, but also for key personnel who are responsible for risk management and employees who have a direct impact on the bank's operational risks.

Taking the recruitment bank as an example, the total amount of performance compensation claimed and debated in 2023 is 43.29 million yuan, although it is lower than 58.24 million yuan in 2022, but the number of people covered has increased, from 2,876 employees in 2022 to 4,415 employees in 2023.

This is also an important trend in bank remuneration in recent years.

This article does not constitute personal investment advice, does not represent the views of the platform, the market is risky, investment needs to be cautious, please make independent judgment and decision-making.