In stating that, I refer to the most recent wage settlement in the German banking sector. Negotiators have agreed on a wage increase of slightly less than 3 %. Now that economic risks can no longer be ignored, it is extremely important to negotiate moderate wage settlements.
This reflects the increased business from expansion and diversification drives by banks. •  The number of branches stood at 918, an increase of 130 branches from the corresponding period in 2008. 6. Ladies and Gentlemen: It is worth noting that in the year, significant steps were made in operationalising a credit information sharing mechanism for the banking sector.