The Executive Board members of the European Central Bank (ECB) receive a basic annual salary, supplemented by residential and representation allowances.
Understanding ECB Executive Board Remuneration
The European Central Bank publicly discloses the basic annual salaries for its six Executive Board members. In addition to these basic salaries, members are also provided with residential and representation allowances, though these are published as a total sum rather than itemized per individual.
Basic Annual Salaries
The basic salaries for the President, Vice President, and other members of the Executive Board are clearly defined:
| Role | Basic Annual Salary |
|---|---|
| President | €378,240 |
| Vice President | €324,216 |
| Other Members (x4) | €270,168 each |
There are four "other members" on the Executive Board, each receiving the same basic salary.
Allowances and Additional Remuneration
Beyond their basic salaries, Executive Board members are also granted allowances to cover various expenses. The total amount for these residential and representation allowances is published as a collective sum.
- Total Residential and Representation Allowances: €527,000
This total allowance figure is shared among the six members of the Executive Board, covering costs associated with their official duties and living arrangements in Frankfurt.
