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BankiaAverage period for payment to suppliers

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The entry into force of the law 31/2014, of 3 December amending the law 15/2010, of 5 July, which in turn modified the law 3/2004, of 29 December, which establish measures of combating late payments in commercial operations, establishes the obligation for trading companies to publish in the notes on their consolidated accounts and their website, expressly, the average period of payments to suppliers.

With regard to this obligation about the information, the average invoice payment time with Bankia suppliers during the fiscal year 2015 was 11.66 days since their issue (11.13 days in the case of e-invoice). In this way, the 97% payments by the entity (including which are carried out with electronic invoice and without it) are already made in less than 30 days.

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