Nice work if you can get it! the 14 million euro salary in Spain

Top boss laughing all the way to the bank

Botin: large pay award!

Jason Moore03/03/2025 12:40

Santander's executive chair Ana Botin was paid 13.77 million euros ($14.32 million) in 2024, 13% higher than her remuneration in 2023, the lender said in its annual report. The rise in Botin's compensation comes after the euro zone's biggest lender in terms of market value reported a record 12.57 billion euro net profit in 2024. The average yearly wage in Spain is 27,000 euros.

It also follows a proposal by the bank's board to raise its total cash dividend by 19% in 2024. Earlier this month, Santander announced up to 10 billion euros in buybacks from 2025 and 2026 earnings and excess capital, in addition to its standard cash dividend distribution.

Botin's pay comprises a total cash remuneration of 7.938 million euros, an increase of 7.2% from the previous year, the bank said.

Her remuneration includes 3.959 million euros in shares or financial instruments and 1.339 million euros in contribution to her pension or long-term savings plan, as well as 0.54 million euros in other items.

So far this year, shares in Santander are up around 38%, outperforming a 23% rise in European banking stocks on the Spanish banks' record profits and share buybacks.

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3 comments

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Pepe | 15 days ago

Santander Bank is one of the Strongest institution´s in Spain and is well Run Mrs Botin dose a Job for which she recieve´s compensation there is no such thing as free money instead of talking bad about these hard working people you should try to improve your own personal situation through hard work Discipline and determination you are fortunate to live in a Country where there are many opportunities to be successful and make a good living for you and your family .

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Zoltan Teglas | 16 days ago

A terrible bank, probably the worst in Spain.

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Stan The Man | 16 days ago

Nearly £12 Million is OBSCENE !!! The power of this Banks Salary payment is an insult to everyone. When this type of Bank will not help people on low salary to obtain mortgages, business loans etc. I am so pleased I rejected this Bank from operating my account.

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