Álvaro Santos Pereira's Salary Surge: A €4,000 Increase at Banco de Portugal
Correio Da Manhã13 hours ago
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Álvaro Santos Pereira's Salary Surge: A €4,000 Increase at Banco de Portugal

Economy
economy
banking
salary
portugal
oecd
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Summary:

  • Álvaro Santos Pereira to earn €19,496.39 monthly as Banco de Portugal's governor

  • €4,000 increase from his OECD salary, marking a significant career and financial advancement

  • Salary adjustment follows a record 7.26% increase for the bank's board of directors

  • Move underscores Portugal's effort to attract high-profile international talent

Álvaro Santos Pereira, the incoming governor of the Banco de Portugal, is set to receive a €4,000 monthly increase compared to his previous salary as the chief economist at the OECD. This adjustment brings his gross monthly salary to €19,496.39 upon his return to Portugal from Paris, France.

This salary hike comes after the Banco de Portugal's board of directors approved the largest salary increase on record (7.26%) earlier this year. For the governor's position, this resulted in an additional €1,319.21 per month.

Pereira, who previously served as a minister under Passos Coelho, is stepping into a role that not only marks a significant career advancement but also highlights the competitive compensation packages offered by Portugal's central bank to attract top talent from international organizations.

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