Santander will be the exclusive provider of financial services to the CNMV
The value of the contract for the first year will be 475,530 euros. For three decades, this service was in the hands of BBVA.
Banco Santander has won a contract worth up to 2.2 million euros to provide exclusive insurance, banking and investment services to Spain's National Securities Market Commission (CNMV). The contract, which replaces one previously held by BBVA for 33 years, is valued at 475,530 euros for the first year and can be extended for up to four years.
Santander's bid was the only one that met the conditions of the tender, and the bank already held the previous contract. The CNMV was established in 1988 and has previously been served by Caja Postal and Argentaria, both of which were absorbed by BBVA.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
