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The president of BBVA won 5.8 million in 2017, 17.6% more

The CEO had 4.9 million of retribution and 1.8 million for his pension

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The president of BBVA won 5.8 million in 2017, 17.6% more

The president of BBVA, Francisco Gonzalez, had a remuneration of 5,789,000 in 2017, 17.6% more than 4,920,000 that won in 2016, as reported by bank on Thursday to National Securities Market Commission (CNMV). For its part, remuneration of CEO, Carlos Torres, increased by 10.6%, up to 4,896,000, to which is added a contribution of 1,850,000 for his pension. Overall, remuneration of BBVA directors was 16.5 million, 13.7% more than in 2016, always according to annual report on remuneration of directors registered in CNMV.

More information
  • Gonzalez appoints BBVA advisor to Jaime Rouen, former governor of Bank of Spain
  • BBVA wins 3.519 billion after assuming losses of 1.123 billion by Telefónica

Of remuneration of Francisco González, 3,943,000 were in cash (14% more than previous year) and 1,846,000 corresponds to value of shares granted. The cash compensation is decomposed in 2,475,000 of salary, 660,000 euros of short-term variable remuneration and 792,000 euros of long-term bonus.

Carlos Torres, CEO, had a cash compensation of 3.3 million and received shares worth 1,570,000 euros. Their pension contributions declined from 3,178,000 to 2016 to 1,850,000 last year.

The third best-paid counselor was José Manuel González-Páramo, whose remuneration increased by 8.8% to 1,349,000 euros. He perceived 1.1 million in cash and 244,000 euros in shares.


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