Workers in that sector receive a 20% increase in advance in February.
According to the latest data reported by Indec (National Institute of Statistics and Censuses), inflation reached 25.5% in December, and 2023 closed with an annual price increase of 211.4%.
The bank workers who work in the different entities throughout the national territory receive in the month of February and corresponding to the first salary of the year 2024, an increase as an advance, in their assets, due to the most recent joint agreement. The salary increase was agreed upon by the business chambers of the sector.
Last Thursday, January 18, through a statement on its official site, The Bank reported that the sector will obtain an advance corresponding to the month of January of 20% that will be applied to all conventional and non-conventional remunerations and additional payments.
“Based on the salary for December 2023, It was agreed to incorporate a 20% advance for the month of January 2024, for all conventional and non-conventional remunerations and additional payments,” states the message about the parity update.
The increase for the month of January is in advance, since “If inflation exceeds 20%, it will be automatically adjusted, and banking entities must apply the corresponding retroactive salary difference.”, explains the official message.
Previously, bank workers had received a 23.2% update, retroactive to December 1, based on December 2022 salaries. This adjustment applied to all conventional and non-conventional remuneration and additional benefits.
How much does a bank employee earn in February 2024
Considering this last adjustment, The minimum initial banking salary is composed as follows: for the current month:
- January starting salary: $865,277.01
- Profit Share (ROE): $39,080.67
- February Total: $904,357.68
According to the latest data reported by Indec (National Institute of Statistics and Censuses), inflation reached 25.5% in December, and 2023 closed with an annual price increase of 211.4%. This is the highest price increase in more than 30 years: the last time there was a similar variation was in 1990, after emerging from hyperinflation.
Although inflation expectations are beginning to moderate, the private sector predicts that the data released by the INDEC for the month of January will continue to be very high. For example, from Econviews they expect 25% and from Labor Capital & Growth (LCG) near a 23%. According to La Bancaria, financial entities must automatically update these numbers.
Source: Ambito
