Business · Companies · 3 hrs ago
Banco de España staff costs rose 25% last year
The Banco de España’s staff costs rose 25% last year, bringing its total wage bill to €378 million.
The increase reflects hiring, senior appointments, a 2.5% pay rise approved this year and higher social contributions.
The central bank had 74 new staff members last year, after 114 joined the year before.
Since José Luis Escrivá became governor in September 2024, he has reorganised the leadership and made several senior appointments.
The bank has also seen close to ten high-profile departures, and vacancies have been filled through open competitions that could include people from outside the institution.
Senior officials receive about €180,000 in gross annual pay, before additional personal allowances.
The figures show how staffing changes and pay affect the bank’s budget, while the source gives no further plans for hiring.
Banco de España staff costs rose 25% last year, according to its annual accounts.
The increase was linked to hiring, a 2.5% pay rise under an agreement approved this year, and higher social security contributions.
The institution made 74 hires last year, following 114 the previous year.
Its total wage bill is 378 million euros.
Since José Luis Escrivá became governor in September 2024, the bank has restructured its senior management and filled vacancies.
- Who
- Banco de España.
- What
- Its staff costs rose 25% last year, taking its wage bill to 378 million euros.
- When
- Last year; the article was published on 3 November 2026.
- Where
- Spain.
- Why
- Hiring, a 2.5% pay rise under an agreement approved this year, and higher social security contributions.
This story does not have two clearly opposing sides.
José Luis Escrivá became governor and restructured the bank’s organisational chart.
Ángel Estrada left his post as director general for Financial Stability, Regulation and Resolution.
Montse Martínez Parera asked to return to Banco de España after completing her term as CNMV vice-president.
Banco de España made 74 hires, and staff costs rose 25%.
- Staff-cost increase
- 25% last year
- Total wage bill
- 378 million euros
- Hires last year
- 74
- Hires the previous year
- 114
- Pay rise
- 2.5%
- Governor
- José Luis Escrivá