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MCBA concludes new Collective Agreement with NUBE – Salary adjustment of 10%-12% for 20,000 bank employees

January 10, 2019
11:00 amto12:00 pm


The Malayan Commercial Banks’ Association (MCBA) and National Union of Bank Employees, States of Malaya (NUBE), today signed a new Collective Agreement (CA) for the period 1 January 2018 – 31 December 2020, which will, amongst others, see employees in the clerical and non-clerical categories from 20 banks receiving up to 12% salary adjustment as well as enhancement in current benefits and allowances, together with a number of new benefits.

The agreement was signed in the presence of the Minister of Human Resources, M Kulasegaran, and also witnessed by the Chairman of the Association of Banks Malaysia, Datuk Abdul Farid Alias and M R Shah, Secretary General, Asian Regional Organization of Banks, Insurances and Finance Unions. Signing on behalf of MCBA were its President, Nora Abd Manaf, and Executive Director, YY Lam, while NUBE was represented by its President, Tan Eng Hong and General Secretary J. Solomon.

In his speech, YB M Kulasegaran praised the parties for having concluded the CA amicably on their own without having intervention by third party. He said this should be the benchmark example for all others to follow.

Under this new CA, a number of existing employment benefits were enhanced and a range of new benefits were also introduced. The more significant one was that employees would enjoy 0% interest free loan for the first RM100, 000. Pregnant employee would have the choice to extend their 90-day paid maternity leave up to another 90 days on a half-pay basis. Non-Muslim would be eligible to go for pilgrimage leave up to 7 working days to perform their religious obligations according to their respective faiths and beliefs. Similarly, Muslim employee would also enjoy the same privileged for performing umrah, provided the leave so taken would be set off against their 30-day Hajj leave.

More than 200 guests from MCBA and NUBE attended the function which was held in Menara Maybank. Besides the EXCO members of MCBA, those who were present to witness the signing ceremony included the Director-General of IR En. Khalid Bin Jali and his deputy, Mr. Shanmugam a/l Thiagarajan and heads of HR, namely Puan Nor Rozita (Affin), Dato’ Hamidah Naziadin (CIMB), Ms. Nisha Padbidri (Citi), Ms. Mabel Goh Ewe Teen (MUFG), Ms. Kok Lai Ching (OCBC) and Mr.Lai Tak Ming (UOB).