New Salary Increases for Banking Sector Employees

The Banking Association has confirmed a new wage increase for all employees in the sector, effective January 2025. The rise is aligned with inflation rates.


New Salary Increases for Banking Sector Employees

The Banking Association announced a salary increase of 2.7% for employees in the sector, in line with the inflation of December, which will be reflected in the January salaries. This increase applies to all gross remuneration and includes both conventional and unconventional bonuses.

"In this way, once again, the Banking Association guarantees the application of inflation indices so that banking workers do not lose against inflation, safeguarding the purchasing power of our representatives," the union highlighted. Furthermore, it was agreed that this adjustment mechanism linked to the Consumer Price Index will extend to the salaries of January and February 2025.

Negotiations will continue in the second half of March to establish future salary updates, including bonuses and the bonus for Banking Day. It has also been confirmed that this same adjustment scheme tied to the CPI will apply to salaries in the coming months, until the corresponding inflation index is determined.

On another note, different categories and salary scales have been established for the administrative branch of the banking sector. Over the years, progressive basic coefficients are detailed based on years of experience in the category, gradually increasing base salaries according to seniority in the position.

In addition, different additional concepts have been included in the salary structure of employees, such as bonuses for specific functions, academic qualifications, or workplace location, among others. Specific amounts for connectivity expenses have also been established depending on the frequency of work activity outside the headquarters.

On the other hand, it was reported that a system of additional bonuses will be implemented for certain functions or situations within the banking environment, such as cashier performance, cash shortfall, academic titles, or geographical location of work. These additional bonuses will be added to the salary increases already agreed upon for the coming months, with the aim of preserving the purchasing power of banking employees.