Government Secretary Says National Bank Salaries Must Be Viewed in Context of Private Banking Competition
Secretary General of the GovernmentAlexei Buzusays the relatively high salaries paid at theNational Bank of Moldova (BNM)should be assessed in the context of competition with the private banking sector, where. . .
Secretary General of the GovernmentAlexei Buzusays the relatively high salaries paid at theNational Bank of Moldova (BNM)should be assessed in the context of competition with the private banking sector, where remuneration is generally higher. Speaking on the“Rezoomat”program onRealitatea TV, Buzu commented on an analysis presented by Prime MinisterVasile Tofan, which showed that61 BNM employees earn more than 80,000 lei per month. He said the Government’s immediate focus will be on institutions directly under its authority. “First of all, we will intervene in the institutions subordinated to the Government, where the Government is the founder. As for these independent regulatory institutions, the Prime Minister has proposed a broader discussion, including with Parliament, to see whether we can improve transparency,” Buzu said. The Secretary General stressed that the National Bank has an important mandate and must remain capable of attracting and retaining highly qualified professionals. “We understand that the National Bank has a significant mandate. Its professionals demonstrate a high level of integrity and expertise, and it is clear that the National Bank, as an employer, competes with other banks in the Republic of Moldova, where remuneration is higher. This is also something we must take into account,” he added. His remarks follow the publication of a Government analysis based onState Tax Servicedata, according to which theNational Bank of Moldovahas the highest concentration of top salaries in the public sector. The figures show that124 BNM employees receive monthly salaries exceeding 50,000 lei, while61 of them earn more than 80,000 lei per month.