Big three bank CEOs bagged heftier bonuses in 2014 on back of robust profit growth

Just how much did the CEOs earn?

As results season rolls in again, it’s high time to take a look at just how much the Chief Executive Officers of the country’s three largest banks are making. Their 2014 annual reports show that the CEOs of DBS, OCBC, and UOB bagged fatter bonuses and overall paychecks in 2014, buoyed by robust profit growth.

For instance, DBS Executive Director Piyush Gupta's overall paycheck was worth $10.12m in 2014, higher than his $9.2m paycheck in 2015.

Gupta had a salary remuneration worth $1.2m and cash bonuses worth $3.79m. He also has $5.07m in shares and $55,545 in other remuneration. Gupta’s 2014 cash bonus was higher than his $3.4m bonus in 2013.

DBS reported a net profit of $4.05b for the full-year 2014, crossing the $4b mark for the first time in its history.

Meanwhile, OCBC's CEO Samuel Tsien earned $9.89m in 2014. His earnings were made up of $1.24m in salary and fees, $5.1m in bonuses, $856,000 in share options, $2.57m in share awards and $80,000 in other benefits. Tsien’s 2014 bonus was larger than the $4.5m bonus he was given in 2013.

OCBC reported a net profit after tax of $3.84b, 39% higher as compared with $2.77b in 2013.

UOB deputy chairman and CEO Wee Ee Cheong's total paycheck was worth $10.22m, up from $9.2m in 2013.

Wee's salary was $1.2m, coupled with a bonus of $9m and in-kind benefits worth $20,000. His 2014 bonus is higher than his $8m bonus in 2013.

UOB's net profit after tax rose to 8% to $3.2b in 2014.