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Remuneration policy

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The remuneration of each Bankia professional pays them for the actions that they carry out in the exercise of their duties and consists of a fixed element and a variable one.

Bankia has a remuneration policy based on a series of principles:

  • Balance of the remuneration components.
  • Results orientation: recognition of excellence.
  • Strategy: Time horizon. Remuneration is configured as a medium and long-term vision that drives people's actions in strategic terms as well as in the achievement of short-term results.
  • Connection: Bank, Shareholders and Customers. The amount of the remuneration is directly correlated with the degree of achievement of the Bank's objectives, the interests of shareholders and customers.
  • Simplicity: Regulation and Communication. The different systems that make up Bankia's remuneration policy are regulated so that professionals can know the total remuneration amount that they can earn by the end of the financial year, as well as what conditions must be met for them to achieve it.
  • Compatible: Risk and Management. The established remuneration policy is compatible with adequate and effective risk management, with long-term business strategy, values and interests and includes measures to avoid conflicts of interest.
  • Internal equity.
  • External competitiveness.
  • Gender equality.

Fixed and variable remuneration

The remuneration of Bankia professionals takes into account the work they do both in the bank and in other bodies and investee companies.

It consists of a fixed element, linked to the level of responsibility, the role played and the principles of internal equity and external competitiveness, and a variable one.

The variable element is linked to an additional and extraordinary contribution to the job. Its amount is determined by the degree of achievement of the established objectives.

The variable remuneration policy guarantees that there are no conflicts of interest that could harm customers. It also ensures compliance with the rules of conduct when providing investment services and prevents incentives from being generated that may lead to putting the interests of the competent person or those of the Group before those of the customers.

 

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