National Bank of Greece faces labor complaints over low wage hikes amid €661 million profit

The Attica Financial Sector Union has lodged serious complaints about working conditions at the National Bank of Greece (Ethniki Trapeza). The union says the bank, which reported a profit of €661 million for the first half of 2026, is offering only minimal "crumb" wage increases of €50‑100 gross and continues to employ staff through contracting firms, labeling them "rentable" workers. These practices, the union claims, can even reduce net earnings for some employees.

The union is demanding genuine wage raises, an immediate review of cases where workers received lower net salaries, and the abolition of the "rentable" worker status. It also seeks an urgent meeting with the bank’s management, stating that previous attempts at dialogue have been ignored. Specific grievances include irregular daily hours, stagnant wages for years, and compensation that in some cases is lower than in 2010. The union cites a recent adjustment by the bank that it considers insulting after a decade of wage stagnation.

The bank’s recent profit figures contrast sharply with these labor disputes, highlighting tension between financial performance and employee remuneration.