Sunday, February 24, 2013

Top UAE bankers cashing in on recovery



Bankers' pay packets are swelling as lenders return to profit and bad debts dwindle.
Senior executives at four of the UAE's biggest banking names received double-digit rises in pay, according to their bank's financial statements.

Directors' pay at Abu Dhabi Commercial Bank soared by 88.7 per cent to total Dh10.5 million (US$2.85m) while that of key management increased 10.1 per cent to Dh45.8m. Salaries paid to key management at National Bank of Abu Dhabi grew by more than a fifth to Dh78.1m, though directors' fees held steady.

Read more: http://www.thenational.ae/business/banking/top-uae-bankers-cashing-in-on-recovery#ixzz2Ln4Jig9v

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