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Argentina Banking Paritaria Sets Initial Pay at $1.915 Million for November, Confirms $1.708 Million Bonus

The update reflects an inflation-linked automatic clause agreed with banking associations alongside the central bank.

Overview

  • The Asociación Bancaria set the initial salary at $1,915,982.88 plus ROE per scale, with the figure published on the union’s official tables (amounts in Argentine pesos).
  • The latest recomposition tracks a 2.1% inflation print and applies across remunerative and non‑remunerative items, including conventional and non‑conventional allowances.
  • The Día del Bancario bonus was fixed at a minimum of $1,708,032.46 as a non‑remunerative payment, with retroactive amounts paid with October salaries and credit scheduled this month.
  • Year to date, bank employees accrued a 22% increase versus December 2024 under the automatic‑adjustment mechanism signed with ABAPPRA, ABA, ADEBA and the BCRA.
  • One outlet reported a conflicting initial‑salary figure of $1,930,971.08, diverging from the union’s posted scales, while another report noted plans to reopen talks in the second half of November.