-
The Bank
-
The Bank - Column 1
- About the Banco de Portugal
- Sustainability
- Foreign exchange authority
-
The Bank - Column 2
-
Organisation
- Organisation chart
- Governor
- Board of Directors
- Distribution of remits and delegation of powers of the Board of Directors
- Board of Directors' Calendars
- Advisory Board
- Board of Auditors
- Internal audit
- Data protection policy
- Valora, S.A.
- Sociedade Gestora dos Fundos de Pensões
- National Council of Financial Supervisors
- Fintech +
- Recruitment
-
Organisation
-
The Bank - Column 3
- International activity
- Public consultations
- See more
- Media
-
Media - Column 1
- Press releases
- Public speeches
-
Media - Column 2
- Calendar
- Media - Column 3
- Publications and research
-
Publications - Column 1
- Economic Bulletin
- Estabilidade Financeira
- Política monetária
-
Publications - Column 2
- Pagamentos
- Notas e moedas
- Publications
-
Outras publicações
-
Publications - Column 3
- Research
- Economics in a picture
- Monographs and series
-
- Mission and tasks
-
Statistics
-
Coluna 1 - Estatística
- Introduction
-
Coluna 2 - Estatística
- Reporting obligations
- SDDS Plus
- Coluna 3 - Estatística
-
Coluna 1 - Estatística
-
Supervision
-
Column 1 - Supervision
- Single Supervisory Mechanism
- Prudential rules
- Macroprudential
- Banking conduct supervision
-
Column 2 - Supervision
-
Microprudential
- Objectives and principles
- Priorities
- Supervisory Review and Evaluation Process
- Duty to report
- Reporting obligations of supervised institutions
- Authorisations
- Supervision of culture and governance
- Suitability of members of the management and supervisory bodies and key function holders
- Adequação dos titulares de funções essenciais
- Suitability of qualifying shareholders
- European Market Infrastructure Regulation (EMIR)
- Forum on Cybersecurity and Operational Resilience
- See more
-
Microprudential
-
Column 3 - Supervision
-
Money laundering and terrorist financing
- Banco de Portugal's functions
- Financial Action Task Force
- Restrictive measures
- Registration of virtual assets service providers
- Report on the activity carried out in Portugal under the freedom to provide services
- Documents
- Legislation and rules
- Forum on the Prevention of Money Laundering and Terrorist Financing
- Illicit financial activity
- Brexit
-
Money laundering and terrorist financing
-
Column 1 - Supervision
-
Monetary policy
- Column 1 - Monetary policy
-
Column 2 - Monetary policy
- Interest rates
- Implementation
- Column 3 - Monetary policy
-
Payment systems
-
Column 1 - Payment systems
- Introduction
- Confirmation of Payee/Payer and SPIN
- Digital Euro
-
Column 2 - Payment systems
- Payment instruments
- Payment services under the PSD2
- Virtual assets
-
Column 3 - Payment systems
- Market Infrastructure
- Cooperation with the market
- See more
-
Column 1 - Payment systems
-
Banknotes and coins
- Column 1 - Banknotes and coins
-
Column 2 - Banknotes and coins
- Current coins
- Commemorative and collector coins
- Column 3 - Banknotes and coins
-
The Bank - Column 1
Anterior
-
The Bank
- voltar
- The Bank
-
About the Banco de Portugal
- voltar
- About the Banco de Portugal
- Mission and tasks
- Statute
- Legal Framework of Credit Institutions and Financial Companies
- Strategic plan
- Ethics and conduct
- History
-
Sustainability
- voltar
- Sustainability
- Approach to sustainability
- Social responsibility
-
Foreign exchange authority
- voltar
- Foreign exchange authority
- Banco de Portugal's functions
- Global code
-
Organisation
- voltar
- Organisation
- Organisation chart
- Governor
- Board of Directors
- Distribution of remits and delegation of powers of the Board of Directors
- Board of Directors' Calendars
- Advisory Board
- Board of Auditors
- Internal audit
- Data protection policy
- Valora, S.A.
- Sociedade Gestora dos Fundos de Pensões
- National Council of Financial Supervisors
-
Fintech +
- voltar
- Fintech +
- What is it and how does it work?
-
Recruitment
- voltar
- Recruitment
- See job opportunities
- International activity
-
Public consultations
- voltar
- Public consultations
- Banco de Portugal
- EBA
- Other institutions
- See more
-
Media
- voltar
- Media
-
Press releases
- voltar
- Press releases
- Banco de Portugal
- European Central Bank
- SSM
- EBA
- ESRB
-
Public speeches
- voltar
- Public speeches
- Governor
- Board members
- All
-
Calendar
- voltar
- Calendar
- Events
- Publications
- Indicators
- All
- See media contacts
-
Publications and research
- voltar
- Publications and research
-
Economic Bulletin
- voltar
- Economic Bulletin
- See all
- Accessible summary
- Projeções económicas
- Estabilidade Financeira
-
Política monetária
- voltar
- Política monetária
- Relatório da Implementação da Política Monetária
- Pagamentos
-
Notas e moedas
- voltar
- Notas e moedas
- Relatório da Emissão Monetária
- Boletim Notas e Moedas
- Publications
-
Outras publicações
- voltar
- Outras publicações
- Research
- Economics in a picture
-
Monographs and series
- voltar
- Monographs and series
- Order publications
- See publications
- Publicação em destaque 1
- Publicação em destaque 2
-
Mission and tasks
- voltar
- Mission and tasks
-
Statistics
- voltar
- Statistics
-
Introduction
- voltar
- Introduction
- Banco de Portugal Statistics
- Statistical events
-
Reporting obligations
- voltar
- Reporting obligations
- Reporting obligations for statistical purposes
- List of entities for statistical purposes
- SDDS Plus
- Browse data
-
Supervision
- voltar
- Supervision
-
Single Supervisory Mechanism
- voltar
- Single Supervisory Mechanism
- How does it work?
- Press releases
- Prudential rules
-
Macroprudential
- voltar
- Macroprudential
- Macroprudential policy
- Macroprudential measures
-
Banking conduct supervision
- voltar
- Banking conduct supervision
- Objectives
- Regulation
- Oversight
- Financial education
- Banking Conduct Supervision Forum
-
Microprudential
- voltar
- Microprudential
- Objectives and principles
- Priorities
- Supervisory Review and Evaluation Process
- Duty to report
- Reporting obligations of supervised institutions
- Authorisations
- Supervision of culture and governance
- Suitability of members of the management and supervisory bodies and key function holders
- Adequação dos titulares de funções essenciais
- Suitability of qualifying shareholders
- European Market Infrastructure Regulation (EMIR)
- Forum on Cybersecurity and Operational Resilience
- See more
-
Money laundering and terrorist financing
- voltar
- Money laundering and terrorist financing
- Banco de Portugal's functions
- Financial Action Task Force
- Restrictive measures
- Registration of virtual assets service providers
- Report on the activity carried out in Portugal under the freedom to provide services
- Documents
- Legislation and rules
- Forum on the Prevention of Money Laundering and Terrorist Financing
-
Illicit financial activity
- voltar
- Illicit financial activity
- Unauthorised activity
- Public warnings
- Advice
- Brexit
-
Monetary policy
- voltar
- Monetary policy
- Definition and strategy
-
Information systems
- voltar
- Information systems
- SITENDER, COLMS and TEB
- Eurosystem Collateral Management System
-
Interest rates
- voltar
- Interest rates
- Official and reference interest rates
-
Implementation
- voltar
- Implementation
- Instruments
- Collateral
- Counterparties
- Other monetary policy measures
-
Payment systems
- voltar
- Payment systems
-
Introduction
- voltar
- Introduction
- Banco de Portugal's functions
-
Confirmation of Payee/Payer and SPIN
- voltar
- Confirmation of Payee/Payer and SPIN
- Confirmation of Payee/Payer
- SPIN
- Digital Euro
-
Payment instruments
- voltar
- Payment instruments
- About
- Cards
- Cheques
- Direct debits
- Credit transfers
- Instant transfers
- IBAN
-
Payment services under the PSD2
- voltar
- Payment services under the PSD2
- About
- Strong customer authentication
- Account information services and payment initiation services
-
Virtual assets
- voltar
- Virtual assets
- How does it work?
- Market Infrastructure
-
Cooperation with the market
- voltar
- Cooperation with the market
- CISP
- Payment Systems Forum
- AMI-SeCo-PT
- See more
-
Banknotes and coins
- voltar
- Banknotes and coins
-
Banknote production
- voltar
- Banknote production
- Valora, S.A.
- Gestão da qualidade
- Cash and sustainability
- Banknotes
- Current coins
-
Commemorative and collector coins
- voltar
- Commemorative and collector coins
- Collector coins
- Commemorative coins
-
Training
- voltar
- Training
- Face-to-face and e-learning
- Anti-counterfeiting
- For professionals
Search
Tags
- AGIL
- Balance of Payments
- Banco de Portugal
- Bank loans and deposits
- Banknotes and coins
- Cheques
- Collector coins
- Commemorative coin
- Cooperation
- Corporations in the Central Balance-Sheet Database
- COVID-19
- Decoder
- Digital euro
- Direct debits
- Direct investment
- EBA
- Economics in a picture
- Economic studies
- EFAP
- European Central Bank
- Financial stability
- General government financing
- Governor
- Historical archive
- IBAN
- Infographics
- Interest rate
- International banking statistics
- Investment Funds
- Library
- Macroprudential measure
- National Council of Financial Supervisors
- National financial accounts
- Non-financial sector indebtedness
- Organisation
- Other financial intermediaries, financial auxiliaries and captive financial institutions and money lenders balance sheet
- Payment cards
- Payment instruments
- Podcast
- Política Monetária
- Posição de investimento internacional
- Press release
- Public debt
- Reciprocidade voluntária
- Reserva contracíclica
- Reserva de conservação
- Reserva de O-SII
- Securities issues
- SICOI
- Single Supervisory Mechanism
- Sistemas de Pagamentos
- SITENDER
- Statistical Press Release
- Statistics
- Supervisão
- Sustainability
- T2S
- TARGET2
- TARGET2-Securites
- Transferências
- Vídeo
- Virtual assets
Ano
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
- 1999
- 1998
- 1997
- 1996
- 1995
- 1994
- 1993
- 1992
- 1991
- 1990
- 1989
- 1988
- 1987
- 1986
- 1985
- 1984
- 1983
- 1982
- 1981
- 1979
- 1978
- 1974
- 1969
- 1962
- 1957
- 1953
- 1950
- 1947
- 1940
- 1933
- 1932
- 1929
- 1927
- 1926
- 1922
- 1920
- 1917
- 1916
- 1915
- 1914
- 1913
- 1912
- 1911
- 1896
- 1876
- 1864
- 1844
Related Pages
Monthly remuneration of the Board of Directors
Related links
The members of the Board of Directors of the Banco de Portugal are “entitled to the remuneration established annually by a Remuneration Committee comprising the Minister of Finance or a representative of the Minister of Finance, who shall chair the Committee, the Chairman of the Board of Auditors and a former governor appointed for that purpose by the Advisory Board; such remuneration shall not include any variable component”, in accordance with Article 40 of the Statute of Banco de Portugal.
On 31 July 2000, the Remuneration Committee decided, as a rule for the future, to establish the automatic alignment of the annual increases in the remuneration of the members of the Board of Directors of the Banco de Portugal to the percentage increases applied to public employees at the Central, Local and Regional Administration. On the one hand, developments in the Board of Directors' monthly remuneration from 2015 to today are the consequence of the entry into force of Law No 159-A/2015 of 30 December 2015, which laid down the progressive reversal of the temporary remuneration reductions implemented in Portugal under the Economic and Financial Assistance Programme through Law No 75/2014 of 12 September 2014. On the other, they reflect the salary update applied to remuneration in the general government sector, set out in Decree-Law No 10-B/2020 of 20 March 2020 and Decree-Law No 109-A/2021 of 7 December 2021.
The monthly remuneration allocated to the members of the Board of Directors of the Banco do Portugal is therefore:
Monthly remuneration (in euro)
| Governor | Vice-Governor | Director | |
|---|---|---|---|
| 2023 | 17,473.01 | 16,380.95 | 15,288.89 |
| 202210 | 17,130.40 | 16,059.75 | 14,989.11 |
| 2021 | 16,977.60 | 15,916.51 | 14,855.41 |
| 20209 | 16,977.60 | 15,916.51 | 14,855.41 |
| 2019 | 16,926.82 | 15,868.90 | 14,810.98 |
| 2018 | 16,926.82 | 15,868.90 | 14,810.98 |
| 2017 8 | 16,926.82 | 15,868.90 | 14,810.98 |
| 2016 7 | 16,114.33 | 15,107.19 | 14,100.05 |
| 2015 6 | 15,572.67 | 14,599.38 | 13,626.10 |
| 2014 | 15,234.14 | 14,282.01 | 13,329.88 |
| 2013 5 | 15,234.14 | 14,282.01 | 13,329.88 |
| 2012 4 | 15,234.14 | 14,282.01 | 13,329.88 |
| 2011 3 | 15,234.14 | 14,282.01 | 13,329.88 |
| 2010 2 | 16,926.82 | 15,868.90 | 14,810.98 |
| 2009 1 | 17,817.70 | 16,704.10 | 15,590.50 |
1 Monthly remuneration equal to that of 2006, 2007 and 2008.
2 Salary update (reduction of 5%) effective from June.
3 Remuneration reduction of 10%, by decision of the Board of Directors of the Banco de Portugal.
4 The members of the Board of Directors of the Banco de Portugal voluntarily suspended their holiday subsidy and Christmas bonus in 2012.
5 The Christmas bonus and holiday subsidy were reinstated in 2013, by decision of the Board of Directors of the Banco de Portugal, taken in accordance with the State Budget Law for 2013 (in the case of the Christmas bonus) and the ruling of the Constitutional Court of Portugal regarding this Law (in the case of the holiday subsidy).
6 Update of the 10% remuneration reduction (introduced in 2011) to 8%, following the decision of the Board of Directors of the Banco de Portugal and based on Law No 75/2014 of 12 September 2014, establishing the mechanisms for the temporary remuneration reduction and the conditions for its reversal.
7 Following publication of Law No 159-A/2015 of 30 December 2015, which provided for the removal of the remuneration reduction laid down in Law No 75/2014 of 12 September 2014, the reduction was progressively eliminated during 2016 under the following terms: (i) 40% reversal from 1 January 2016; (ii) 60% reversal from 1 April 2016; (iii) 80% reversal from 1 July 2016 and (iv) complete elimination of the remuneration reduction from 1 October 2016. The value presented corresponds to the level in force as at 1 January 2016, in other words, with the 40% reversal.
8 The value presented corresponds to the level in force as at October 2016, after the complete elimination of the remuneration reduction.
9 The value presented is obtained by applying the 0.3% salary update, as set out in Decree-Law No 10-B/2020 of 20 March 2020.
10 The value presented is obtained by applying the 0.9% salary update, as set out in Decree-Law No 109-A/2021 of 7 December 2021.