The BCR will grant bonuses to 60 "very good employees" of the bank, says Dominic Bruynseels, chief executive of the biggest bank on the Romanian market. "The remuneration committee decided that 60 very good employees will receive bonuses for their activity in 2009. There will be bonuses for this category of employees and I think this is a very good thing," said Bruynseels. He specified that the employee selection had been made based on an evaluation system implemented by the bank. "In principle we did not freeze raises, but some adjustments need to be made," added the head of the BCR. 2009 was a tough year for the bank, with loan-loss provisions eating into a lot of the operating income, whilst net profit could be used to recapitalise the bank. The number of employees was cut by around 1,200 to 8,766 by outsourcing some operations. According to banking sources, the chairman of the BCR's Supervisory Board, Andreas Treichl (Erste CEO) and vicea-chairman Manfred Wimmer (Erste CFO) have recently dropped annual bonuses.

The BCR will grant bonuses to 60 "very good employees" of the bank, says Dominic Bruynseels, chief executive of the biggest bank on the Romanian market. "The remuneration committee decided that 60 very good employees will receive bonuses for their activity in 2009. There will be bonuses for this category of employees and I think this is a very good thing," said Bruynseels. He specified that the employee selection had been made based on an evaluation system implemented by the bank. "In principle we did not freeze raises, but some adjustments need to be made," added the head of the BCR. 2009 was a tough year for the bank, with loan-loss provisions eating into a lot of the operating income, whilst net profit could be used to recapitalise the bank. The number of employees was cut by around 1,200 to 8,766 by outsourcing some operations. According to b