We take a holistic view of various factors to determine and to ensure that an employee’s total compensation is fair. This is done with the objectives to reward contributions, motivate and retain talents.

Performance-based variable pay is linked to the performance of the Bank, business functions and the employee’s individual achievement of performance targets. The performance of each employee is evaluated based on a mix of performance objectives, competencies and behaviours that uphold the uab Values. Variable pay of each employee is dependent and differentiated by the employee’s performance at the end of every year.