According to Nordea, the salaries of the employees have remained “relatively flat” because the bank concentrates its personnel “in geographically low-cost countries”.
Nordic the salary difference between the CEO and employee of the largest bank Nordea increased from 20 times to 40 times over the past five years, according to the bank’s remuneration report 2023.
Nordea published the development of the salary gap between the CEO and the average employee for the first time.