Bank Union and Lenders Agree 1.9% June Raise as Entry Pay Nears $2.5 Million
The deal preserves an inflation‑linked update mechanism and pauses further changes until negotiators meet again in the second half of September.
Overview
- A pact announced Thursday between the Asociación Bancaria and the main employer chambers set a 1.9% salary increase for June 2026 that applies to all gross monthly pay and conventional and nonconventional add‑ons.
- The basic entry salary was fixed at $2,412,128.22 and the profit‑sharing payment (ROE) at $69,727.10, giving a starting total of $2,481,855.32 for the lowest category.
- With this adjustment, bank workers have recorded a 16.8% gain over the first half of 2026 measured from December 2025 wages, a result the union says preserved purchasing power.
- The agreement raises the minimum Day of the Banker bonus to $2,150,328.87, keeps the automatic inflation adjustment in July and August, and promises full salary scales to be published soon.
- The union continues to press job protections as it integrates 92 employees from Banco Columbia into the collective pact and protests branch closures and layoffs at several banks, which could shape talks in September.