The Banking Association (AB) and the business chambers agreed today jointly on a salary advance for this month of 16.8% and an update for last August of another 5.2%, which will total an increase of 22%, and confirmed that The bonus for the non-working "Banking Day" will be almost 407 thousand pesos, the union reported. Workers will receive a bonus for their day, which is commemorated on November 6, of 406,654.92 pesos, due to the agreement reached today between the initial minimum wage and participation in Profits (ROE, Return On Equity, financial income in English), a banker will charge an initial amount of 472,647.82 pesos in September, made up of 456,164.56 pesos plus another 16,483.26 for Profits. The union's general and press secretaries, Sergio Palazzo and Claudio Bustelo, indicated in a statement that the agreement occurred today in the context of "the continuity of joint negotiations", so workers will receive a salary advance for this month. of 16.8% and another 5.2% retroactive to August 1. The salary increase to be received this month will be as an "advance", since the Bank detailed that in the case of exceeding 97% inflation "it will be adjusted automatically" and financial entities will have to apply the respective retroactive salary difference . "This salary recovery and the economic impact that the decree of the Executive Branch will represent starting next October, which modified the non-taxable minimum of the Income Tax to 1,770,000 pesos or 15 minimum, vital and mobile salaries, will reflect a substantial improvement in the workers' salaries," they noted. The unionists added that "the commitment of the union organization was to provide strong support for these measures and to accompany the Minister of Economy, Sergio Massa, and the national deputies" who gave half-sanction to that bill, which modified and eliminated the tax. for the fourth category, the press document stated.