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Starling bonuses increase fivefold despite fine and Covid loan errors
The Guardian
|June 02, 2025
Starling Bank has handed its staff an almost fivefold increase in bonus pay despite an embarrassing regulatory fine and losses on government-backed Covid loans that the digital lender has blamed on its own weak controls.
The digital-only challenger bank paid out £24.6m in bonuses for the 2024-25 financial year, compared with £5.3m a year earlier.
Starling's annual report showed the bank's remuneration committee approved a £600,000 bonus for its highest-paid director - believed to be the chief executive, Raman Bhatia - taking their total pay packet to £1.7m. It paid another £5.4m in bonuses to Starling's board members.
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