Bank of Ireland has agreed a proposed pay deal with the Financial Services Union (FSU), Unite and SIPTU, which recommends salary increases for staff covered under collective pay agreements of 4% linked to performance.
The deal is subject to acceptance through staff ballots.
Bank of Ireland said it is also increasing entry-level salaries in the Republic of Ireland from €29,000 to €30,000.
"After constructive discussions with all three unions, we are pleased to offer our colleagues clarity on proposed 2026 pay arrangements, which will now proceed to a ballot," said Matt Elliott, Chief People Officer, Bank of Ireland.
Last week, AIB and the FSU reached an agreement on pay proposals that include a 3.5% increase.
It will be split between a 1.75% fixed increase and a 1.75% performance-related increase.
The deal also includes a tax-free €1,000 voucher.
FSU members at AIB are being balloted on the agreement.
The FSU said negotiations with Bank of Ireland had stalled before an agreed mediator intervened to put forward proposals which were accepted by both sides as a basis for moving forward.
"Following difficult and drawn-out pay negotiations over the past three months, the mediator intervened to put forward a proposal which the FSU has agreed to put to a ballot of our members," said Caitleen Desetti, Industrial Relation Organiser with the FSU.
