Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook

facebook3           facebook2 


What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


Articles View Hits

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: R$alph Norris $9.6 million for 5 months work.......Pay worth $63,000 per day

  • Font size: Larger Smaller
  • Hits: 1846
  • Print

CBA's departed CEO Ralph Norris and new CEO Ian Narev receive A$15.3 mln combined as pay freeze kicks in for 400 executives

Posted in NewsAugust 21, 2012

Ralph Norris, who was succeeded as CEO of ASB's parent Commonwealth Bank of Australia (CBA) by fellow Kiwi Ian Narev last December, stands to receive A$9.6 million for his last five months leading the bank.

Narev, who stepped up from a role as CBA's group executive for business and private banking to take the helm from Norris, received remuneration of A$5.67 million for the June year, meaning the two men combined, could be paid A$15.27 million

CBA's annual report doesn't detail the pay of ASB CEO Barbara Chapman.

CBA is Australasia's biggest bank with a market capitalisation about twice as big as the entire New Zealand stock exchange. Last week it posted record annual profit of A$7.1 billion.

News of Norris and Narev's June year pay comes as CBA implements a pay freeze for about 400 senior executives for the June 2013 year. This includes executives at ASB.

CBA says the freeze includes Narev and group executives. They won't receive increases to fixed pay, short-term incentive targets or long-term incentive targets.

Norris' pay for the five months of the 2012 year he was CBA's CEO exceeds the A$8.6 million he received for the full 2011 year and is equivalent to about A$63,000 per day.

It includes short-term bonus payments and long-term share-based awards scheduled to vest over the next couple of years with some based on customer satisfaction and total shareholder return. Narev's 2012 pay increased from A$2.68 million in 2011.

The Australian Prudential Regulation Authority, the prudential regulator of Australian banks, said in March bank executives' remuneration must not incorporate "risk time bombs" that could undermine the future viability of banks.


Furthermore, if executives wanted a bigger slice of the pie in good times, they must be prepared to share the pain in bad times. See more on this from APRA here.

Last modified on
Rate this blog entry:


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Wednesday, 20 January 2021