Post by account_disabled on Feb 22, 2024 2:01:12 GMT -5
Surprise in the financial world after it became known this week that Bankia has been left out of the banking services contract of the Madrid City Council. After years of mutual collaboration, which comes from the Caja Madrid stage, the low profitability it provides to the entity's income statement is behind this withdrawal.
In recent days, the sector has sought an answer to this question. There has been talk that the entity had presented an unattractive offer compared to the competition, formal defects in the procedure, even that it was excluded because it is a bank that has received public aid .
All of these reasons are Denmark Mobile Number List perfectly valid, but there are others of greater weight that explain the loss of this contract. As El Confidencial Digital has learned from financial sources, Bankia was not really interested in continuing to provide this service . The reason: its low profitability.
The contract that is awarded to the entities for the management of the collection of the payroll of City Hall officials, the payment of municipal taxes or fines contemplates that the user cannot be passed on via commissions , even if he is not a client, the cost per provide these services.
This circumstance shows that, although the treasury business that it contributes to the bank is positive, that return is not extremely relevant either .
In the sector, they highlight that Bankia has taken into account that to provide this service it is necessary to assign personnel , for example in the case of collecting non-debited bills and non-customers. Employees must abandon other more productive functions for the entity to dedicate themselves to this work.Furthermore, they highlight that the induced business is not significant either . It refers to those who are not clients who go to the branches to pay the bills, and through this visit they could be linked to the entity.
In recent days, the sector has sought an answer to this question. There has been talk that the entity had presented an unattractive offer compared to the competition, formal defects in the procedure, even that it was excluded because it is a bank that has received public aid .
All of these reasons are Denmark Mobile Number List perfectly valid, but there are others of greater weight that explain the loss of this contract. As El Confidencial Digital has learned from financial sources, Bankia was not really interested in continuing to provide this service . The reason: its low profitability.
The contract that is awarded to the entities for the management of the collection of the payroll of City Hall officials, the payment of municipal taxes or fines contemplates that the user cannot be passed on via commissions , even if he is not a client, the cost per provide these services.
This circumstance shows that, although the treasury business that it contributes to the bank is positive, that return is not extremely relevant either .
In the sector, they highlight that Bankia has taken into account that to provide this service it is necessary to assign personnel , for example in the case of collecting non-debited bills and non-customers. Employees must abandon other more productive functions for the entity to dedicate themselves to this work.Furthermore, they highlight that the induced business is not significant either . It refers to those who are not clients who go to the branches to pay the bills, and through this visit they could be linked to the entity.