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Argentine Bank Workers Secure 2.3% October Raise as Entry Pay Hits $1.96 Million

The pact triggers automatic application under a sector clause, with October back pay plus the Banking Day bonus set for November payrolls.

Overview

  • Union leaders aligned the increase with October CPI at 2.3%, setting the basic starting salary at $1,959,956.26.
  • All remunerative and non‑remunerative items are updated, including function bonuses, productivity or punctuality premiums and overtime.
  • The agreement was signed by the Asociación Bancaria with ABAPPRA, ADEBA and ABA, alongside the Central Bank.
  • Cumulative adjustments now total 24.8% for 2025 relative to December 2024 salaries.
  • The Banking Day payment floor is $1,747,233.21 for the initial category, and entry compensation includes a ROE profit‑sharing component.