By Andrei Skvarsky.
Major Russian lenders Sberbank, VTB and Alfa Bank have resumed the payment of bonuses with remuneration for top managers now returning to pre-crisis levels, according to Vedomosti.
The undisputed leader in the generosity stakes is Alfa Bank, which is controlled by oligarch Mikhail Fridman. Nine members of its board collected one billion rubles in salary, bonuses and perks in the first half of 2011 were 1 billion rubles. This is more than double than for the same period last year.
For the first time since 2007, VTB paid bonuses to the board with execs pocketing 420 million rubles for the first half.
Payments to fatcats at Sberbank almost doubled to 168.6 million rubles for the first six months, according to a statement from the lender.
Both VTB and Sberbank have this year reported record profits as the state lenders especially benefit from a strong rebound in lending and deposit growth.
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