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Bank Staff Get Raise as Year Nears End
Economy, Business And Markets

Bank Staff Get Raise as Year Nears End

Bank staff get raise as Vice President Mohammad-Bagher Nobakht has given a special order approving a salary raise for state-owned bank employees as of Feb. 2, right a month before the Iranian year ends, Tabnak news website reported on Monday. The employees were to get a 400,000 to 850,000 rials increase to their monthly salaries, amounting to a $1400 to $2900 rise in their annual salaries at current market exchange rates. Bank CEOs had previously proposed the increase which only pertains to staff with an over two year service record. Melli, Sepah, Keshavarzi, Maskan, Ta’avon, Industry and Mine, Export Development Bank of Iran and Post Bank employees are on the salary raise list. Bank retirees are excluded from the raise, although according to law their salaries were to be equalized with current staff.

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