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Argentina Bank Workers Get 2.3% October Raise, Starting Pay Now 1.96 Million Pesos

An automatic update clause enables faster application across pay items.

Overview

  • The agreement was signed by the Asociación Bancaria with ABAPPRA, Adeba, ABA, and the Central Bank.
  • The 2.3% adjustment applies to all remunerative and non-remunerative concepts, including allowances, bonuses, and overtime.
  • Retroactive amounts for October and the Bank Workers’ Day payment will be included with November salaries.
  • Bank Workers’ Day now has a minimum payment of 1,747,233.21 pesos that updates under the same mechanism.
  • Cumulative increases from January through October reach 24.8% versus December 2024, and entry compensation combines basic pay with ROE profit-sharing.