Banken-KV 2026 and 2027 forecast

The Banken-KV (Kollektivvertrag für Angestellte der Banken und Bankiers) covers salaried staff of banks and bankers. It is negotiated between Verband österreichischer Banken und Bankiers / WKÖ Fachverband der Banken und Bankiers and Gewerkschaft GPA (bis 2020 GPA-djp). It sets a minimum salary for 7 groups with up to 9 steps, currently from €2,457 to €6,354 gross a month. It is paid 14 times a year: the holiday pay and Christmas pay are set by the agreement and taxed at a preferential rate.

It is renegotiated every year, usually from February; the raise applies from 1 April. The starting point is inflation over the reference period, last time January – December 2025 at 3.52%. The union makes a demand, the employers an offer, and the deal lands in between. It lifts the minimum salaries only. Anyone paid above them gets the raise only where the new minimum exceeds their pay; the over-payment shrinks accordingly.

What is left of a raise after tax depends on your salary: each extra euro carries social insurance and wage tax at your marginal rate, so net pay usually grows a little less, in percent, than gross. Whether a deal is enough shows in purchasing power: since 2018 minimum salaries under the Banken-KV rose by 42.85%, prices over the reference periods by 37.49%.

Banken-KV: pay and prices since 2017. How much salaries have risen in total since 2017 (each minimum raise on top of the last, +42.85% so far), against inflation over the reference periods (+37.49%). Where the solid line is on top, salaries gained purchasing power.