Workers at Bank of Ireland will receive a pay rise of 2.2% this year.
Under the pay deal negotiated between IBOA and bank management, employees will receive another rise of over 2.6% in 2017.
The agreement follows a deal reached at the end of 2014 on a new career and reward structure.
Staff received an increase of 1.75% in 2014 and 2% last year as part of the most recent pay deal.
The latest proposals were formulated by an independent mediator.