Cash happy

Bankers earning €1mn a year or more on the up

THE number of bankers in Spain who earn more than €1 million a year grew 73% to 221 just after the pandemic. This is compared to the figure of 128 in 2020, according to figures just published by the European Banking Authority (EBA).

The list shows that Spain is fourth in Europe when it comes to the highest number of bankers with salaries over the million-euro mark, only below Germany (589), France (371) and Italy (351).

What’s more, a Spanish banker received the highest salary

Quantum Leap

THE first trial of ultra speedy 25G PON technology has successfully been trialled in Spain on Telefonica’s existing fibre network, Nokia announced.

The trial demonstrated nose-bleed-inducing speeds of 20 gigabits per second - around 60 times faster than current high-speed internet.

Such speeds are considered necessary for some cutting edge cloud computing technology, as well as future applications such as Mark Zuckerberg’s Metaverse. Unfortunately 25G is not a five order jump in technology for 5G mobile networks; the two are separate technologies - 25G refers to home broadband.

Op Quick Crossword

in the entire European Union in 2021, with a total of €14.67 million for the year.

The average salary for million-earning bankers in the country was €2.16 million, compared to the European average of €1.8 million.

In its analysis, the EBA pointed to the effect that the variable component of bankers’ salaries has on the yearly figures, meaning that when these lenders have a good year, pay can rise considerably.

Inflation

Factors that had an influence on strong performance in 2021 include the lifting of many of the restrictions put in place the year before due to the Covid-19 pandemic, the relocation of staff due to Brexit and inflation.

HOLIDAY REPRESENTATIVE, COSTA DE LA LUZ

Vintage Travel, a leading UK holiday company for villas with private pools, is seeking a dedicated Holiday Representative to be based in the Vejer de la Frontera area.

Responsibilities will include visiting clients at their holiday homes in the Vejer area, providing telephone support to those staying in some other areas of Andalucia, supplying detailed information about the area, answering queries, and liaising with property owners and suppliers to ensure that houses are well prepared and ready for the arrival of clients.

The role will involve approximately 20 hours per week, March – October, and will require occasional travel to other areas of Andalucia.

Applicants must own a car, live within 30 minutes of Vejer, speak fluent Spanish and English, have a passion for customer service and an abundance of local knowledge. Please apply in writing only with your CV and a covering letter introducing yourself to Caroline Ashworth: caroline@vintagetravel.co.uk, www.vintagetravel.co.uk

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