Our Take On ING Bank Slaski's (WSE:ING) CEO Salary

Brunon Bartkiewicz is the CEO of ING Bank Slaski S.A. (WSE:ING), and in this article, we analyze the executive's compensation package with respect to the overall performance of the company. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company.

See our latest analysis for ING Bank Slaski

Comparing ING Bank Slaski S.A.'s CEO Compensation With the industry

At the time of writing, our data shows that ING Bank Slaski S.A. has a market capitalization of zł22b, and reported total annual CEO compensation of zł3.8m for the year to December 2019. We note that's a small decrease of 4.3% on last year. We note that the salary portion, which stands at zł2.51m constitutes the majority of total compensation received by the CEO.

On examining similar-sized companies in the industry with market capitalizations between zł15b and zł44b, we discovered that the median CEO total compensation of that group was zł4.9m. From this we gather that Brunon Bartkiewicz is paid around the median for CEOs in the industry.

On an industry level, roughly 68% of total compensation represents salary and 32% is other remuneration. Although there is a difference in how total compensation is set, ING Bank Slaski more or less reflects the market in terms of setting the salary. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.

ING Bank Slaski S.A.'s Growth

ING Bank Slaski S.A. has seen its earnings per share (EPS) increase by 4.5% a year over the past three years. It achieved revenue growth of 1.1% over the last year.

We're not particularly impressed by the revenue growth, but we're happy with the modest EPS growth. It's clear the performance has been quite decent, but it it falls short of outstanding,based on this information. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has ING Bank Slaski S.A. Been A Good Investment?

With a three year total loss of 16% for the shareholders, ING Bank Slaski S.A. would certainly have some dissatisfied shareholders. Therefore, it might be upsetting for shareholders if the CEO were paid generously.

In Summary...

As previously discussed, Brunon is compensated close to the median for companies of its size, and which belong to the same industry. This doesn't look good when you place it against the backdrop of negative shareholder returns and flat EPS growth. Although we wouldn't say CEO compensation is exceptionally high, it isn't very low either. Shareholders might want to see substantial improvements in returns before agreeing that Brunon deserves a raise.

It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. In our study, we found 3 warning signs for ING Bank Slaski you should be aware of, and 1 of them doesn't sit too well with us.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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