UniCredit Chief Executive Andrea Orcel's pay package rose by almost a third last year to 13.2 million euros ($13.8 million) including a one-off share award, the Italian bank said in documents published on its website late on Tuesday.

UniCredit SpA increased Chief Executive Officer Andrea Orcel’s pay by one third, further cementing his status as one of Europe’s best-paid bankers after he led the Italian bank to a record year.

The increase in salary for UniCredit SpA's chief executive officer, Andrea Orcel, further enhances his status as one of Europe's best paid bankers. View on euronews