The four employee unions of Piraeus Bank have announced the signing of a new three-year Enterprise Collective Labor Agreement, which they describe as one of the most significant for bank staff in recent years. According to the unions’ announcement, the new agreement establishes a minimum wage of €1,700 for all employees effective February 1, 2027, along with cumulative increases to the enterprise allowance of up to €305 over the 2027–2029 period.
Piraeus Bank: What the new enterprise agreement includes
Employee representatives also note that the agreement includes immediate benefits for 2026, such as a prepaid shopping card, an extraordinary contribution to the Occupational Insurance Fund, and the allocation of bank shares to employees at specific grade levels. In addition, according to the unions, a range of social benefits will be enhanced, including allowances for families with three or more children, a widowhood benefit, and financial support for the birth of a third child or more. The unions also highlight that the new enterprise agreement includes a dedicated provision on Artificial Intelligence matters, as well as a codification of the existing enterprise agreement on remote working. Employee representatives maintain that the agreement is the result of months-long negotiations with bank management, and believe it sets a new benchmark both for Piraeus Bank employees and for the broader banking sector.
