Average period of payment to suppliers

The Renta 4 Banco Group has adapted its internal processes and its payment terms policy to the provisions of Law 15/2010 (as amended by Law 31/2014) and Royal Decree-Law 4 / 2013, which modify Law 3/2004 establishing measures to combat late payment in commercial transactions. In this sense, the conditions of hiring commercial suppliers have included payment periods equal to or less than 30 days, in accordance with the terms agreed between the parties.

According to our best estimates, the average period of payment to suppliers of the companies of the Renta 4 Banco Group in 2015 amounted to 30 days.