Central Bank of Honduras justifies salary increase to its executives

Tegucigalpa, Honduras.

Following the formalization of the salary increase that authorities of the Central Bank of Honduras, BCH, will receive from this month, the directors of the entity jthey justified the increase arguing that it is based on the law and goals accomplished in recent years.

The head of the institution, Wilfredo Cerrato, become 269,541 lempiras monthly. Directors perceive 251,422. Through a statement, after the disclosure of the information, the BCH has indicated that the relationship between employees and institution is governed by current collective bargaining, which is protected by international treaties, the Labor Code and the Constitution of the Republic.

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The highest hierarchs of the state institution received increases that enter 13,000 and 16,000 lempires per month. The president, on the other hand, 16,725 lempiras nets. The Central Bank of Honduras is the main bank of the Republic of Honduras and therefore bears the monetary responsibility of country and its institutions.

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“Staff salaries are related to their seniority (most with more than 20 years of career), achievement of defined objectives, academic training and positions they hold within the Institution,” they allege in the publication.

The report also details the managerial and administrative positions and the salaries they earn monthly: compliance analyst (114,865), special analyst (121,135), Management Advisor (105,019), Executive Assistant (100,426), director (251,422) And president (269,541).

In addition, in the statement, authorities of the Central Bank of Honduras they explained that, in the name of transparency, the Bank’s information portal remains up to date. “This evidences our good practices and recognition of the relevance of citizen oversight,” the report reads.

Finally, the BCH stressed that the increases are in line with the successes achieved, the academic training of managers and their role in the gear of the state banking institution.

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