Around 6,000 staff at Bank of Ireland are in line for a 3.75% pay increase – part back-dated to July, along with a 5% lump sum payment before Christmas.
It's the first widespread pay increase at any of the bailed out banks since 2008.
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Bank of Ireland has repaid its bailout loans and is back in profitability, but the bank recently refused a cut to its variable mortgage rate holders.
The Finance Union, the IBOA says it's also in talks with AIB over a pay increase, but that these talks are at an early stage.
