Banking collective bargaining agreement: salary increase agreed in line with inflation, with the base salary exceeding $1,850,000

Banking workers agreed to a new salary increase with the sector's business chambers. The sector achieved a 13.3% increase during the first five months of the year .

In line with inflation, the salary adjustment establishes a 1.5% increase on May salaries . Thus, the adjustment will be applied to all gross monthly salaries, normal, customary, and total, both remunerative and non-remunerative, including conventional and non-conventional bonuses.

With the new increase, the sector's base salary will exceed $1,850,000 , comprised of the starting salary of $1,779,351.32. Added to this is the profit sharing, equivalent to $80,365.30.

The increase also impacts the Bank Employees' Day bonus, an additional benefit that employees in the sector receive every year in November. With the adjustment, the amount reaches $1,586,230.15 for the initial category, subject to future salary increases.

In this context, the Banking Association emphasized in a statement that "in this way, once again, we guarantee that bank workers continue to safeguard the purchasing power of their salaries." The union's agreement with Abaprra, Adeba, ABA, and the Central Bank establishes that the retroactive payment must be paid with June salaries . The same salary adjustment mechanism will also be applied in this month's collective bargaining negotiations.