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Bank Workers Win 2.6% April Raise as Minimum Salary Tops 2.3 Million Pesos

Paid retroactively in May, the CPI‑linked update is meant to protect bank workers’ purchasing power before formal negotiations resume in the second half of June.

Overview

  • On May 19 the Asociación Bancaria confirmed a 2.6% salary increase for April that is retroactive to April 1 and will be paid in May, lifting the sector's starting salary to $2,319,195.20.
  • The agreement applies the increase to all monthly pay elements, covering remunerative and non‑remunerative items as well as conventional and extra add‑ons.
  • With the April adjustment the union says bank wages have risen 12.3% since December 2025, a series of monthly updates tied to recent CPI readings aimed at limiting real‑wage erosion.
  • The minimum Día del Bancario annual bonus was fixed at $2,067,482.29 and will be adjusted by future paritaria updates to prevent loss of value from inflation.
  • Bank pay combines base salary, profit‑sharing (ROE) and multiple bonuses, so the new pact protects workers’ take‑home pay while raising recurring payroll costs for banks and could shape other sectoral talks when formal negotiations reopen in late June.