Members of the Financial Services Union (FSU) in Ulster Bank have voted to accept a pay deal for 2023 which includes a proposed 7% increase for those on the mid-point of the pay range.
The deal also includes a cost-of-living payment of €1,150 to be paid in January 2023.
Last month, Ulster Bank announced details of two voluntary redundancy programmes which will see about 600 staff leave the bank as part of its withdrawal from the Irish market.
Commenting on the outcome of the ballot Gareth Murphy, Head of Industrial Relations and Campaigns with the FSU said that this year had been very challenging for Ulster Bank staff.
"The FSU was very conscious of the impact that the withdrawal was having on members throughout the negotiations and were determined to extract the best deal possible," Mr Murphy said.
"The union was satisfied that the best deal possible was achieved and the members have now endorsed that position in a ballot," he added.
