Latvia's central banker sees highest pay growth in eurozone

Take note – story published 6 years and 6 months ago

Bank of Latvia president Ilmārs Rimšēvics saw his pay grow 10% last year, the highest increase in the eurozone, according to data compiled by Bloomberg

The central bankers of all Baltic states - which are seeing formidable economic development and wage growth at the moment - saw their pay grow impressively, with Lithuania's central banker's wage growing 7% and Estonia's by 5%. 

Rimšēvics' wage was also the highest in the Baltics in absolute numbers. In 2016 he had a gross salary of €151,000 a year, significantly higher than Estonia's Ardo Hansson’s who earned €116,000, whereas Lithuania’s Vitas Vasiliauskas’s salary was €89,000.

However Rimšēvics' earnings do look more modest when set against those of Belgium’s Jan Smets, who raked in €481,000 last year, being the highest-paid bank head in the common currency area. 

In June 2016, the average gross salary in Latvia was €862 a month, according to data by the Central Statistics Office. 

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