Bonuses: RBS admits that some-more than 100 bankers awarded over £1m each Business The Guardian

The RBS reward pot equates to an normal of £80,000 for each of the 16,800 investment promissory note staff. Photograph: Matt Dunham/AP

Loss-making Royal Bank of Scotland delirious the row over City compensate currently by divulgence that some-more than 100 of the tip bankers were awarded bonuses of at slightest £1m last year.

Even as the bank insisted the £1.3bn reward pool was the lowest it could get afar with, the RBS authority conceded that a "good series of people" had perceived £1m each even though the bank reported a £3.6bn loss for last year.

Sir Philip Hampton, who insisted he common the public"s concerns about City pay, pronounced that at slightest thirty of the bankers earning some-more than £1m were formed in London. The others were in New York and monetary centres in Asia.

The explanation by the bank, in that the taxpayer has an 84% interest and bearing of £54bn, sparked a mad reaction. Shadow chancellor George Osborne described compensate levels in the City as ridiculous, whilst the Liberal Democrats pronounced the payments were "mind-blowing". Hampton"s remarks undone ministers who had hoped to revoke debate over bonuses this year.

The RBS reward pot equates to an normal of £80,000 each for the 16,800 investment promissory note staff, on tip of an normal income of £80,000. "Quite a few" bankers did not get a bonus, Hampton added.

He reliable that Stephen Hester, parachuted in as arch senior manager during the Oct 2008 bailout, had waived his reward for 2009, that could have been as high as £2.4m, in the goal of defusing a outcry over City pay.

But Hester unsuccessful and the RBS ­payouts were lifted in the Commons and stirred academics, MPs and traffic unionists to write to the Guardian to call for a top on bankers" compensate and a new promissory note allotment to move monetary services "in line with the amicable and mercantile needs of the people".

Hester additionally attempted to row at the back of from his prior complaints about the "politicisation" of the bank. He said: "I was probably wrong to dog about that."

The Welsh secretary, Peter Hain, told the Commons: "I don"t similar to those levels of bonuses. The arch senior manager of the Royal Bank of Scotland has pronounced he is not receiving a reward himself. But the banks need to insist to the public, whose income has bailed them out, how they can presumably clear those really large bonuses."

Hester insisted RBS indispensable to compensate bonuses to the investment bankers – who generated £5.7bn of an £8.3bn underlying distinction – to keep the most appropriate staff and safeguard the shares could in the future be sole at a distinction to the taxpayer. Break-even on the shares is 50.5p, but they sealed tonight at 38p.

Hester"s concentration is on returning RBS to distinction after it reported a record-breaking £24bn loss in 2008. While the loss ­narrowed to £3.6bn, it was caused by a doubling in the waste caused by bad debts, that reached scarcely £14bn, and alternative factors together with a £208m check for the reward tax. Losses were to some extent homogeneous by gains on disposals. Hester said: "We tentatively think the misfortune is at the back of us."

He insisted the bank was profitable the bankers less than rivals and done what he described as a "best guess" that the bank"s increase would have increasing by up to £1bn if it had been means to compensate bigger bonuses. "Some of the best-performing people are withdrawal in their thousands."

He insisted the bank was utilizing 27% of the income in the investment bank to compensate staff – the lowest comparative measure in the industry. The homogeneous comparative measure at Barclays, that last week reported jot down increase of £11.6bn, was 38% and Hester conceded that the RBS comparative measure was expected to climb subsequent year.

He will get a new inducement understanding this year. Hampton pronounced the target was to safeguard he did not leave for an "easier job".

The Lib Dems demanded that bankers earning some-more than the budding apportion – £133,000 – should have their compensate ­disclosed. "Each of us in Britain has had to branch up £1,000 to rescue RBS. It"s the money they"re carting away," pronounced the Lib Dem spokesman, Lord Oakeshott.