Banking sector revises proposed pay rises upwards to 1.8%
Unions said they had lowered their demand for a pay rise from 5.7% to 4.6%, 'a clear sign of responsibility and openness to negotiation', but they viewed the sector's response as 'offering crumbs'.
Banks revise pay-rise proposal up to 1.8%, but unions say it is insufficient
Banks have raised their proposed wage increases to 1.8%, but trade unions argue the offer falls short of workers' demands.
Abanca offers exit to a further 120 employees
Abanca has launched a new voluntary redundancy programme, the second in a matter of months. In October, 77 staff from the commercial division had already left under mutual-agreement terminations and early retirements. Now it is opening the door for a further 120 central services employees to leave the bank that has just acquired EuroBic.
ECB sees lower risk at BCP and Novo Banco, but still above the European average
The national banking sector’s assessment has improved. Caixa Geral de Depósitos is the bank most favoured by the requirements. Stricter rules will apply to the sector in 2026, but the public bank avoids a reserve on real estate exposures.
