10.7. Quantitative information on the remuneration of the Identified Staff

Below is a breakdown by area of activity of the total remuneration of the Identified Staff generated in 2012, and that will be paid according to the settlement and payment scheme established in section 10.3.2 c. Payment will be complete in 2016, provided that the "malus clauses" are not applied:

(Thousand euros)

Activity of Identified Staff	Total remuneration 2012
Investment Banking (1)	37,471
Commercial Banking (2)	27,101
Other (3)	50,410
Total for Identified Staff	114,982

(1) It includes wholesale and investment banking activities.
(2) It includes retail and commercial banking and insurance activities.
(3) Other activities, plus members of the Management Committee and Asset Management.

The following table gives aggregate information on the remuneration of the Identified Staff, broken down by type of employees and executive managers:

(Thousand euros))

2012 remuneration for Identified Staff (1)	Executive directors	Other senior executives	Rest of Identified Staff	Total for Identified Staff
Total fixed remuneration paid in the year	3,750	10,302	47,118	61,170
Total variable remuneration for 2012 (2)	5,053	10,413	38,345	53,812
In cash	2,527	5,135	18,904	26,566
In shares or related instruments	2,527	5,278	19,441	27,246
In other instruments	0	0	0	0
Total deferred variable remuneration (3)	5,476	11,163	27,681	44,320
Consolidated	0	0	0	0
Not consolidated	5,476	11,163	27,681	44,320
In cash	2,354	4,846	12,976	20,176
In shares or related instruments	3,123	6,317	14,705	24,145
In other instruments	0	0	0	0
Total deferred remuneration granted in the year	2,527	5,197	15,308	23,032
Total deferred remuneration paid in the year	1,475	2,983	6,186	10,644
Amount of explicit ex post performance adjustment applied in the year on remuneration paid in previous years	0	0	0	0
Number of beneficiaries (1)	2	14	116	132
Number of employees receiving severance pay	0	0	7	7
Total severance pay paid in the year	0	0	6,160	6,160

(1) Includes all employees who have occupied positions defined as among the Identified Staff for more than 6 months in 2012.
(2) Includes the annual variable remuneration generated in 2012, whether paid immediately or deferred.
(3) Includes the total variable remuneration generated in 2012 that has been deferred: two thirds of the annual variable remuneration generated in 2011 that was deferred and two thirds of the ILP 2010-2011 that was deferred.

There was only one new hire in the Identified Staff in 2012, and for reasons of confidentiality the corresponding information on remuneration is not included.