“After many days and difficult negotiations, the new Sectoral Collective Labor Agreement of OTOE-Banking 2025-2027 was signed yesterday, April 2, 2025,” according to a statement from the Hellenic Banking Federation (OTOE).

Specifically, OTOE states the following:

“Twelve years, after the latest payment of the ‘Balance Sheet allowance’, OTOE has succeeded in covering all employees in the industry, with the establishment of a new collective remuneration, which was agreed, equal to half an additional monthly salary per year, based on sectoral earnings, resulting in even more than 8% Basic scales of the single payroll from 1/7/2025 to 1/12/2027.

In addition to establishing the institution, the new sectoral collective agreement highlights the importance of the social partners in every industry and business and in the country as a whole, constituting the solid basis for further success.

In summary, the new sectoral collective agreement 2025-2027:

– It ensures sectoral earnings from the inflation of 2025, 2026 and 2027, with reversed increases in 2025, which, cumulatively, in its three -year period of validity, exceed 8% (8.25%).

– Establishing the payment from 2026 onwards to all employees of half an additional sectoral monthly salary each year as a new sectoral benefit for the results of prior management use of banks.

Half of this salary is a collectively agreed sectoral benefit and is not offset by any superior remuneration. It is, provided that banks, which employ 70% and more of the industry employees, will distribute dividends to shareholders in any form.

The increases in the salaries of the industry, along with the above mentioned half a sectoral monthly salary, which will be paid from 2026 onwards each year, amount to 12%depth.

– Keeps the employment protection clause and all the economic and institutional rights and benefits of previous sectoral collective agreements, with the same strong retention provision and codification of newly agreed arrangements in a single text.

– After 30 years, it improves the child allowance by 1 percentage unit for the second child (from 7.5% to 8.5%) and by 2 percentage points from the 3rd child or more (3rd child from 10% to 12% and 4th child and more from 15% to 17%).

– from 1/6/2025, reduces the interest rate on the first residence of housing personnel to the maintenance of all previous positive terms to 1.75%.

– For the first time, it introduces a sectoral collective agreement in our country a framework for artificial intelligence, with which banks recognize and commit to its responsible and fair implementation, the protection of employees and customers’ personal data, the constant training and upgrading of the skills, as well as the skills and upgrades to other of the work changes, which it inevitably brings.

– Improves the provision for medically assisted reproduction, extends the license of single parent families and to the divorced parent, as long as he or she has the sole custody of his or her children and gives an additional license with remuneration to parents of disabled children.

– Increases 25% of the childbirth allowance from 2,000 euros to 2,500 euros.

– It boosts the nurseries by 30% from 231 euros to 300 euros.

-Improves the amounts for research-deductive and cultural-athletic activities of OTOE’s statutory body, activities that are targeted and covered by all employees in the industry. “

“In a time of growing geopolitical instability and uncertainty, economic and trade conflicts internationally, with unpredictable consequences, but also ongoing challenge of our labor rights, with the institutions of collective bargaining, Shielding the economic and institutional rights of workers in the industry, while also developing the conditions for their expansion in the future, ”OTOE points out.