Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (2024)

Table of Contents
10. Denmark – 30 bankers earning more than €1 million. The Danish banking sector is heavily weighted towards mortgage lending rather than investment banking. 9. Austria – 32 bankers earning more than €1 million. Austrian banks are exposed to struggling economies in central and eastern Europe. 8. Netherlands – 32 bankers earning more than €1 million. Dutch banks have shrunk their investment banking arms by about 20% since since the financial crisis according to a study by KPMG. 7. Ireland – 40 bankers earning more than €1 million. Ireland's government was forced to nationalise lenders Anglo-Irish and AIB after the financial crisis at a cost of around €63 billion ($72 billion). 6. Sweden – 47 bankers earning more than €1 million. Sweden's banking sector is small but one of the most highly-capitalised in the world, which should see it through any financial turbulence without needing a bailout. 5. Spain – 133 bankers earning more than €1 million. Spain is recovering from one of the biggest economic and financial crises in its history, with profits growing in the sector after a €41 billion (£30 billion) aid package in 2012. 4. Italy – 138 bankers earning more than €1 million. Italy has a fragmented banking sector. Its 650 banks have about €186 billion ($201.7 billion) in non-performing loans according to data released by its central bank. But it hasn't stopped high pay. 3. France – 162 bankers bankers earning more than €1 million. French banks were on the verge of collapse when the Greek debt crisis hit, with $14.9 billion (£9.7 billion) of exposures to the country. That was reduced to $20 million (£13 million) by the end of 2014. 2. Germany – 417 bankers earning more than €1 million. Germany's investment banking sector is dominated by Deutsche Bank, which is trying to boost profitability through cost-cutting measures. The bank said it expects a third quarter loss of €6.2 billion ($6.96 billion). 1. Britain – 2086 bankers earning more than €1 million. Despite benchmark manipulation scandals and a financial crisis, London still rules as the investment banking hub for Europe, putting the UK right at the top of the list.

10. Denmark – 30 bankers earning more than €1 million. The Danish banking sector is heavily weighted towards mortgage lending rather than investment banking.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (1)

9. Austria – 32 bankers earning more than €1 million. Austrian banks are exposed to struggling economies in central and eastern Europe.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (2)

8. Netherlands – 32 bankers earning more than €1 million. Dutch banks have shrunk their investment banking arms by about 20% since since the financial crisis according to a study by KPMG.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (3)

7. Ireland – 40 bankers earning more than €1 million. Ireland's government was forced to nationalise lenders Anglo-Irish and AIB after the financial crisis at a cost of around €63 billion ($72 billion).

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (4)

6. Sweden – 47 bankers earning more than €1 million. Sweden's banking sector is small but one of the most highly-capitalised in the world, which should see it through any financial turbulence without needing a bailout.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (5)

5. Spain – 133 bankers earning more than €1 million. Spain is recovering from one of the biggest economic and financial crises in its history, with profits growing in the sector after a €41 billion (£30 billion) aid package in 2012.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (6)

4. Italy – 138 bankers earning more than €1 million. Italy has a fragmented banking sector. Its 650 banks have about €186 billion ($201.7 billion) in non-performing loans according to data released by its central bank. But it hasn't stopped high pay.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (7)

3. France – 162 bankers bankers earning more than €1 million. French banks were on the verge of collapse when the Greek debt crisis hit, with $14.9 billion (£9.7 billion) of exposures to the country. That was reduced to $20 million (£13 million) by the end of 2014.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (8)

2. Germany – 417 bankers earning more than €1 million. Germany's investment banking sector is dominated by Deutsche Bank, which is trying to boost profitability through cost-cutting measures. The bank said it expects a third quarter loss of €6.2 billion ($6.96 billion).

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (9)

1. Britain – 2086 bankers earning more than €1 million. Despite benchmark manipulation scandals and a financial crisis, London still rules as the investment banking hub for Europe, putting the UK right at the top of the list.

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (10)

Here are the 11 European countries with the most bankers earning over €1 million | Business Insider India (2024)
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