Deutsche Bank's board of managing directors received 10 times as much in bonus payments as salary last year. Bonuses totalled €55m ($50m), compared with basic salaries of €5.5m.

The breakdown of the eight board members' total remuneration of €63.4m, an average of €7.9m each, was revealed in the German bank's filing last week with the Securities and Exchange Commission (SEC) ahead of its US listing. On top of these payments, the board members also received share-based compensation in the form of option plans and convertible bonds.