National Irish Bank (NIB) has concluded negotiations on extra payments for staff due to the changeover conversion to the euro - the third of the major banks to do so. The package recommended by an independent tribunal yesterday is very similar to those already proposed agreed at for AIB and Ulster Bank.

A similar deal is expected when the Bank of Ireland tribunal issues its recommendation next week.

All 700 NIB's 700 staff are being offered one day's leave or a minimum £150 (€190) payment and the 600 people directly involved in the changeover will receive an extra £600, plus overtime at 30 per cent above existing premium rates.

Like staff at the Ulster Bank, the special overtime rates will prevail until January 12th.