We determine our remuneration policy within the Bank in line with the level of risk undertaken and responsibilities assumed at each level, ensuring fair remuneration by safeguarding the fundamental rights of our employees and we provide various benefits. We review our remuneration policy once a year and when determining compensation for each manager and employee, we prioritize alignment with our ethical values, internal balance and strategic objectives, while ensuring that compensation is not solely linked to short-term performance.

Salaries and salary increases are determined through the Collective Bargaining Agreement with the Bank Finance and Insurance Employees Union (BASS) for covered employees and by  the decision of the Board of Directors for non-covered employees. We closely monitor sectoral developments, conduct comprehensive data analyses and regularly evaluate our position in the sector in line with the results of banking sector salary research prepared by independent institutions.

In addition to salaries, we provide our employees with bonuses, performance premiums, profit-sharing, health insurance covering family members and various types of leave to address fundamental needs. Alongside the base salary, referred to as the “Basic Salary,” we make additional payments such as duty allowances, foreign language allowances, licensing, and expertise compensation, considering the duties and responsibilities undertaken by employees.

Furthermore, in addition to offering our employees the opportunity to participate in the individual pension system, we also contribute within the framework of the Employer-Contributed Individual Pension Plan.