As part of its workforce renewal, the Bank today announced a Voluntary Departure Programme.
The Programme, according to reports, is aimed at employees aged 55 and over, with favourable terms and enhanced financial incentives. Employees must have at least six years’ service to participate.
Depending on the age bracket, the applicable supplement for each child regardless of age, and when the application to participate is submitted, the maximum compensation for immediate departure is €200,000. For those opting to leave with long-term leave (lasting up to seven years), the maximum amount is €220,000.
The Programme retains its package of additional benefits, including continued medical and hospital cover for up to seven years, as well as career transition programmes and advisory services to support a safe and smooth move to the next stage of employees’ careers.
Among others, employees in customer-facing units are excluded from eligibility, including the PFM, CIB, Wealth & Asset Management business lines and the branch network.
The period for expressing interest opens today and closes on Monday, 26 October 2026. Participation in the Programme is entirely voluntary, and no specific participation target has been set.