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Profile of suppliers

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In 2017, the bank renewed its accreditation under the UNE 15896 Standard on value-added procurements management, which is the leading supranational standard promoting best corporate procurements practices across Europe and is a seal of excellence in purchasing.

This is a key milestone for the bank as it was the first financial institution to obtain and keep this accreditation, which drives ongoing improvements, minimises risks, and ensures sustainability criteria are adhered to in procurements management.

Bankia launched its ‘Valora’ IT tool to handle relations with suppliers and all product and service procurements. The application can be used to manage procurements online and evaluate bids received. Teams requesting a product or service must evaluate from a technical perspective any bids submitted by suppliers during a tender process.

Another positive fact to highlight is the presence of Bankia in the "Top 5" ranking of the Ibex 35 companies considered the best ones to work with its purchasing department, according to a study carried out by CPOnet, the first business social network for buyers and suppliers.

In terms of results, the entity has continued to improve the efficiency of its processes and in 2017 the average payment period for invoices to suppliers was reduced to 9.95 days, compared to 10.45 days in 2016. Regarding the total volume of purchases, turnover last year reached 649 million euros, of which 623.5 million were invoiced to domestic suppliers and 25.5 million to foreign suppliers.

CLASSIFICATION OF APPROVED SUPPLIERS

CLASSIFICATION OF ACTIVE SUPPLIERS BY SECTOR


SMES THAT ARE ACTIVE SUPPLIERS

ACTIVE SUPPLIERS BY SCOPE

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