CrediaBank has signed a new three-year Enterprise Collective Labor Agreement (ECLA) with its employee trade unions, establishing—for the first time—a unified framework covering salaries, benefits, and employment relations across its entire workforce. The agreement was signed by CrediaBank’s Management Board and two representative unions: the Pan-Hellenic Association of CrediaBank Employees ATE (PAS.E.KR.E.T.) and the CrediaBank Employees’ Association – Founding Association of Attica Bank Employees (S.Y.C.B.).
A Milestone After Merger Integration
This is the first unified ECLA following the merger of Attica Bank and the former Pankritia Bank, marking a key step in harmonizing labor conditions across the newly formed institution. The agreement enters into force on 1 April 2026 and remains valid until 31 March 2029.
Salary Adjustments and Minimum Wage Floor
The new agreement introduces phased salary increases—with particular emphasis on employees at lower pay grades—and sets a minimum gross monthly wage of €1,600. It also consolidates various operational allowances into a single, standardized Enterprise Allowance, aiming to create a more equitable and transparent compensation system across the bank’s human capital.
Enhanced Family Support Measures
The agreement significantly expands family-oriented benefits. These include strengthened support for childcare—covering expenses related to nurseries and kindergartens—as well as increased allowances for marriage and maternity leave. Additional provisions benefit families with three or more children, while academic achievement bonuses are introduced for employees’ children. The existing group life and health insurance program remains in place, and the agreement paves the way for a new pension plan and extends the existing children’s savings program to all employees.
Investment in Professional Growth
Education and career development are central pillars of the agreement. It includes financial support for postgraduate studies and grants additional study leave for employees pursuing university degrees. To improve work-life balance, the agreement introduces flexible working hours and strengthens formal dialogue between management and employee representatives. Notably, it explicitly enshrines a zero-tolerance policy toward any form of workplace violence or harassment.
In a statement marking the signing, CrediaBank’s CEO, Eleni Vrettou, said: “With this new Collective Agreement, we take another meaningful step forward—building a shared, fair framework that recognizes our people’s efforts, enhances their compensation and benefits, and opens up greater opportunities for professional growth. CrediaBank is in a period of rapid expansion, and the success of this journey depends first and foremost on our people.”