An initial agreement for the renewal of the Collective Agreement between ETYK and KEST has been reached for the period 2023–2027. It includes provisions for salary increases, one-time payments, and an extension of leave days, according to a union announcement.
The agreement was achieved after months of intensive negotiations, which intensified recently, especially after Panikos Nikolaou assumed the presidency of the Bank Employers’ Association. It is noted that the Association was reestablished after nearly a decade and took on the negotiation for the renewal of the Agreement.
Salaries and Leave Days
The agreement covers all bank staff and provides for one-time increases totaling €4,500 for each employee, as well as increases in the basic salary by €100 (in two installments of €50 + €50). Special emphasis is placed on low-wage workers, for whom the increases are proportionally larger.
Additionally, there is a provision for an increase in annual leave days by six days for all staff. According to ETYK, this aims to reduce stress and work-related anxiety, which has intensified in recent years.
Loans and Salary Scales
The agreement also provides for a substantial increase in loan amounts that employees are entitled to (housing, car, student loans, etc.). A significant provision is the adoption of common salary scales for all banks and the adjustment of the contribution rate of banks to TUETYK.
Approval by General Assemblies
The initial agreement will be presented on Tuesday, December 23, 2025, at General Assemblies in all districts. ETYK members will be called to decide on its approval through a vote.
ETYK notes that with this agreement, workplace peace is ensured for the next two years, a development deemed beneficial for both banks and employees.
