The Financial Services Union (FSU) and Belfast-headquartered Danske Bank have agreed a pay increase of 5.2% for staff from this April.
The deal was accepted following a ballot of FSU members working in Danske.
The agreement includes an overall pay pot of 5.2%, while all eligible grade 2 to grade 8 employees will receive a performance pay matrix percentage increase of between 4% and 7%, or a £1,500 pay increase, whichever is greater.
All salary pay ranges will move by 3%, and the new minimum starting salary has been increased from £23,500 to £25,000.
Mandy LaCombre, senior industrial relations officer with the FSU said: “This is a positive outcome for our members in Danske Bank.
“The agreed pay increase is above the sector average and takes account of economic and labour market data, and the bank’s performance and profitability.
“It was important to the FSU that the pay increase recognised the professional work done by our members.”
She added: “The talks were constructive in nature and the FSU negotiating team felt the bank listened to the member feedback from our recent ‘Your Say for Better Pay’ member survey.
“A pay increase of 5.2% is welcome reward for the professionalism and dedication of the staff in Danske Bank who deserve to share in the value they create.”
Danske Bank, which employs 1,400 staff and currently has 24 bank branches across the north, posted a 12% increase in pre-tax profit of £250.4 million for 2025 – a figure thought to be unsurpassed in banking history in Northern Ireland.