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Spain's banking and finance market is the fifth-largest in the European Union, with assets worth over €1.5 trillion. The market is dominated by domestic banks, which account for over 80% of total assets. The Spanish government is the largest customer of banking and finance services in the country, spending over €20 billion annually.
The Spanish government is committed to open and transparent procurement practices in the banking and finance sector. All government procurements over €15,000 must be published on the government's website. The government also uses a number of electronic procurement tools to streamline the procurement process.
The main banking and finance products and services procured by the Spanish government include:
Financial advisory services
Investment banking services
Asset management services
Payment services
Trade finance services
The top authorities for Spain banking and finance procurement are:
The Ministry of Finance
The Bank of Spain
The National Securities and Exchange Commission (CNMV)
The top winners of Spain banking and finance procurement are:
BBVA
Santander
Caixabank
Bankia
Sabadell
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