Profits of management of Latvian banks grew

In the first quarter this year, the expenditures of Latvian banks for payments of salaries to the members of boards and councils of credit institutions as compared to the same period in 2010 rose by 160,000 lats (9.2%) and amounted to 1.89 million lats.

Financial and Capital Market Commission – FKTK- provides this data. Bank expenses for salaries to professional staff not occupying the main leadership positions for the year were increased by 3% and amounted to 33 million lats.

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