Bank employees have achieved an increase in their basic salaries for December 2024, reaching a total of $1,648,506.09 after adding the corresponding profit-sharing participation. The variation, according to salary ranges, was established at different percentages ranging from a minimum of 0% to a maximum of 25%.
Subsequently, a 2.7% increase was announced to be applied to January salaries, which will be paid in February, covering all gross monthly remuneration, regular, extraordinary, remunerative, and non-remunerative, including additional payments usually granted.
The Banking Association and representatives of the sector chambers have agreed to start a new collective bargaining negotiation in mid-March 2025. This agreement includes a salary adjustment mechanism indexed to inflation, which will also be applied in February of the following year, once the consumer price index for January is announced.
The bank union reaffirmed its commitment to maintain workers' purchasing power in the face of inflation, with a forthcoming increase to be confirmed according to the inflation figures of January. Additionally, it is emphasized that the salary increase agreement is linked to the consumer price index, following the same adjustment scheme until February 2025.
In November, the union of bank employees led by Sergio Palazzo had agreed on a salary increase, thus maintaining an adjustment mechanism tied to the ongoing inflation until February 2025. The last increase, of 2.4% in December, is in line with the consumer price index published by INDEC in November.
