New collective agreement for credit financial institutions

The General Directorate of Labor, under the Ministry of Labor and Social Economy, has registered and ordered the publication of the Framework Collective Agreement for financial credit establishments, by resolution dated September 7, 2026. The text, signed on July 30, 2026, and corrected on September 1, appears in the Official State Gazette (Boletín Oficial del Estado) number 228, dated September 15, 2026, in section III (reference BOE-A-2026-19247).

The agreement, with registration code 99001945011981, was signed by the National Association of Financial Credit Establishments (ASNEF) and the Spanish Leasing and Renting Association (AELR), representing the companies, and by CC.OO.-Services Federation, representing the workers. The resolution bears the signature of the Director General of Labor, María Nieves González García.

Scope and Validity

The agreement serves as a minimum framework of mandatory application throughout the territory of the State and affects all financial credit establishments, as well as entities associated with ASNEF or AELR whose primary activity is that of these entities. Banks, savings banks, and credit cooperatives that do not meet these conditions are excluded.

Entry into force: January 1, 2026.
Expiration date: December 31, 2026, with automatic termination at the end of the term.
It fully replaces previous agreements regarding the regulated matters.

Salaries, Payments, and Working Hours

The text establishes the minimum guaranteed gross annual salary tables for 2026, structured into three professional groups (Management and Leadership, Managers and Specialized Technicians, and Technicians and Administrative Staff), each with levels A, B, and C:

Group I: €41,396.27 (A), €40,224.65 (B), and €38,000.23 (C).
Group II: €36,040.94 (A), €34,081.60 (B), and €31,673.81 (C).
Group III: €26,747.16 (A), €23,560.08 (B), and €19,862.32 (C).

Seniority is paid in three-year increments and, in the absence of an agreement, salaries are distributed in fourteen annual payments, with two extraordinary payments in June and December. The maximum ordinary working day for 2026 is set at 1,710 hours per year, with 26 working days of vacation. The habitual overtime hour is abolished, and the maximum is limited to 80 hours per year.

Employment and Productivity Clause

The agreement prioritizes the defense of employment: in the event of staff adjustments, companies must meet with worker representatives and prioritize voluntary methods before resorting to collective dismissals. It is recommended to replace each retirement with new hires.

Additionally, a salary update clause linked to the 2026 results is incorporated, which will be paid in the first half of 2027:

Losses: 0%.
Profits: 1.00%.
Profits higher than the previous year: 1.25%.
Profits higher in double-digit percentage: 1.70%.

Joint commissions and protection

Sectoral joint commissions for interpretation, health and safety, and equality are created, composed of four members from ASNEF/AELR, two from CC.OO., and two from UGT, with an annual credit of 60 hours. The agreement also incorporates a protocol against harassment based on gender orientation, identity, or expression, and refers conflicts to the agreement on the extrajudicial resolution of labor conflicts (ASAC).

Publication in the BOE grants general regulatory effectiveness to the agreement, which becomes a mandatory reference for the negotiation of company agreements in the financial credit sector during 2026.

Source: Official State Gazette, no. 228, September 15, 2026, Sec. III, page 122330 (official reference: BOE-A-2026-19247).