The bonus for Banker's Day exceeded $2 million after the last salary update.
This amount includes the usual and total remuneration of the staff, both remunerative and non-remunerative. In addition to the base salary, workers receive various additional payments included in the collective agreement.
The activity agreement includes additional payments for:
The Banking Association confirmed a new salary update for workers in the financial sector and also adjusted the amount of the extraordinary bonus for Banking Day.
Following the last collective agreement signed with the business chambers and the Central Bank, the special additional amount has increased again and now exceeds $2 million for the initial category.
According to official information from the union, the minimum guaranteed amount of the bonus for Banking Day has been set at $2,067,482.29.
This value corresponds to the initial category of the agreement and will continue to be automatically updated with the upcoming salary revisions.
The final amount that each worker will receive will also depend on factors such as seniority, role, and category within each financial institution.
The salary update applied for April was 2.6%, based on the inflation index.
The agreement was reached between the Banking Association and the business chambers of the sector: ABA, Adeba, Abappra, and the Central Bank.
With this new increase, the accumulated salary of bankers now reaches 12.3% compared to December of last year.
After the incorporation of the last collective agreement adjustment, the initial banking salary has been set at $2,319,195.20.
Seniority
Secondary, tertiary, or university degrees
Work in unfavorable or border areas
Profit sharing
These concepts can significantly increase the final monthly income of each banking worker.
The banking negotiation maintains an automatic update scheme tied to the monthly inflation index. In this way, both salaries and additional payments will continue to be adjusted based on the evolution of the CPI.
As planned by the parties, in-person negotiations will resume during the second half of June to define the next salary tranche of the year.
