ACCESS BANK AWARDS EMPLOYEES SALARY INCREMENT

Access Bank Zambia has signed the 2025-2027 collective agreement with the Zambia union of financial institutions and allied workers (ZUFIAW), delivering a 10 percent salary increment for unionised employees, reinforcing the bank’s commitment to employee welfare, fair labour practices, and harmonious industrial relations.

The collective agreement reached with the union marks a significant achievement in integrating the organisations, finalising the harmonisation of human capital for the merged company.

Speaking at the signing ceremony, Access Bank Zambia deputy managing Director Bobbline Cheembela said the agreement reflects the bank’s people-centered approach and commitment to fair outcomes.

Mr. Cheembela says this collective agreement is a significant milestone for the bank as it not only concludes the financial institution’s first post-merger negotiations but also seals the harmonisation process between banc ABC and Access Bank.

And Zambia union of financial institutions and allied workers secretary general, Kasapo Kabende said the union is delighted that the process has come to a conclusion.

And bargaining unit chairperson Constance Mwanachilenga commended representatives from both management and the union for working tirelessly to bring the collective agreement to a successful conclusion. 

Access bank acting head of human of people and culture, martin Mpandamabula said the unit remains committed to clear and consistent communication to ensure that employees fully understand and benefit from the provisions of the agreement.

Meanwhile, Access Bank Zambia management delegation leader Christopher Mwelo said the agreement strikes a balance between employee welfare and organisational sustainability.

This was contained in a statement issued by Access Bank Zambia's Head of Corporate Communications and Brand Management, Kalumbu Nyikosa-Kearns.