Extra Financial Benefits for Erste Bank Hungary Staff

Erste Bank Hungary contributes to the financial health of its employees with extra financial benefits and an early pay rise. In September, all eligible employees of the financial institution also received EUR 350 from the Austrian parent bank.

A press release by the company says that in view of the rising cost of living due to the high inflationary environment and the dramatic increase in energy prices, Erste Bank is providing its employees whose full-time monthly salary does not exceed HUF one million gross with an extra allowance: for salaries below HUF 500,000, this means HUF 300,000 gross, while for salaries between HUF 500,000 and HUF 1 million, this means HUF 200,000 gross. Erste's management has also decided to bring forward half of the double-digit pay increase planned for next year to January, while the next round of pay increases will be in July.

"The increasingly difficult economic environment is also affecting the personal financial lives of the bank's employees. At Erste, we believe that the financial health and wellbeing of our colleagues is the foundation for the satisfaction of our customers and owners. Even in difficult times, Erste Bank stands by its customers and employees and does not abandon them," the CEO of the financial institution, Radován Jelasity said.

Erste also launched an employee share program in the fall. In September, all eligible employees received a share bonus of EUR 350 from the Austrian parent bank. The bank has also covered the tax and contribution costs associated with the share bonus.