Signature of the banking sector Collective Labour Agreement

The collective labour agreement for employees in the banking sector was signed on Thursday, August 1, 2024. It takes retroactive effect from January 1, 2024 and is valid until December 31, 2026.

Negotiations, conducted by ALEBA, LCGB and OBGL, began in November 2023 and were suspended at the time of the social elections in spring 2024. The most contentious points concerned the increase in the starting amounts and thresholds for the four groups, as well as the increase in the loyalty bonus.

Negotiations eventually led to a number of improvements, including:

• Special bonus of € 500 for all employees, payable in 2025;
• Increase in the loyalty bonus;
• Budget for 2024, 2025 and 2026 to reward employee commitment;
• Increase in starting salaries and thresholds for the four salary bands;
• Increase in estimated skills acquisition;
• Introduction of a minimum budget of €5,000 (up to a maximum of €8,000) for outplacement training;
• Increase the annual training and development budget by 10%;
• Granting of an individual training allowance of at least 16 hours per year.

ALEBA would like to thank its negotiators and all the staff representatives who contributed to this success.