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Profile of suppliers

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In 2019, Bankia passed the annual audit according to UNE Standard 15896, which consolidates the excellence of the entity’s purchasing management system and certifies that it is in line with European best business practices.

Bankia was the first financial institution to obtain this certification, the first supranational standard, which helps with continuous improvement, minimizes risks and guarantees that aspects of sustainability in purchasing management are respected.

To transfer its commitment to its suppliers and establish a relationship based on communication and in order to involve them in its value chain, Bankia celebrated the 'Supplier's Day' for the fourth consecutive year, which was attended by about 300 suppliers of the entity.

During the 2019 financial year, Bankia worked with 2,132 suppliers, of which 1,927 were domestic and 205 foreign. A total of 571 suppliers were rated with CSR criteria.

CLASSIFICATION OF ACTIVE SUPPLIERS BY SECTOR

ACTIVE SUPPLIERS BY SCOPE


  2019 2018
Total invoicing (total purchasing volume) (€Mn) 828.79 1,198.3
Invoicing with national suppliers (local scope) (€Mn) 792.74 1,158.8
Invoicing with foreign suppliers (outside local scope) (€Mn) 36.05 39.5
Average supplier peyment period 9.44 days 8.88 days
Percentage of invoices paid within the maximun legal period (30 days) 98.66% 97.07%

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