26.03.09

Police detained ten Nashi youth movement activists near the Sberbank central office in Moscow on Thursday (19 March).

"Police detained participants in the protest for exceeding the permitted number of participants. The demonstration was authorized for 50 people, while it was attended by 500," Nashi spokesperson Kristina Potupchik told Interfax.

She said that the demonstrators demanded that Sberbank managers voluntarily refuse to accept the bonus payment for last year. "We believe that such a lavish remuneration at a time of crisis is an open challenge to the state and society," she said.

Sberbank in the fourth quarter of 2008 paid the board members bonus payments totalling R933m (28m dollars at the current exchange rate), increasing the salary and bonus payment to the managers by 5 per cent from R892m in 2007. The payment rise is linked with the increase of the number of board members, the bonus payment for one top manager in 2008 was reduced over 2007.

The Sberbank board today consists of 23 persons, in 2007 it had 17.

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Source: Interfax