---
title: "Banking Services - AWARD"
ocid: "ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UNIVERSITY OF READING"
published: "2022-07-18"
---

# Banking Services - AWARD

Buyer: UNIVERSITY OF READING  
Current stage: Award  
OCID: ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0

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## Summary

The University of Reading has successfully awarded a tender for Banking Services, classified under the CPV codes for banking and investment services. The procurement process followed a selective method, specifically a restricted procedure. The contract, which has a value of £750,000 and a minimum value of £600,000, is set to run from 12 April 2022 until 11 April 2037. The tendering period was open until 13 January 2022. The services will be provided at various locations, with the buyer based in Reading, South East England, at postal code RG6 6AB.

This awarded contract presents a significant opportunity for businesses specialising in financial services, particularly those offering corporate banking solutions, electronic banking platforms, and related services for higher education institutions. Companies well-suited for participation in future tenders in this domain should focus on those capable of managing multiple banking accounts and providing efficient transaction reporting for both domestic and international clients. Networking with the University of Reading could also yield further business prospects in a sector that increasingly values education and institutional finance solutions.

## Notice

The University of Reading has a requirement for the provision of Corporate Banking services in relation to itself and its UK subsidiaries. The University requires a banking service which will include the provision and maintenance of up to 10 bank accounts and banking services associated with higher education banking arrangements, including an electronic banking platform for both domestic and international payment initiation and balance/transaction reporting.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7d28c942-f4b6-4513-8a9b-1b05d3d33860 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 18 Jul 2022 |
| Submission deadline | 13 Jan 2022 |
| Future notice date | Not specified |
| Award date | 17 Jul 2022 |
| Contract period | 11 Apr 2022 - 11 Apr 2037 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £750,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF READING |
| Locality | - |
| Post town | Reading |
| Postcode | RG6 6AB |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ16 Berkshire West |
| Local authority | Wokingham |
| Electoral ward | Maiden Erlegh & Whitegates |
| Westminster constituency | Earley and Woodley |
| Delivery location | TLJ South East (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LLOYDS BANKING GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services
- 66100000 - Banking and investment services

## Release History

- 18 Jul 2022 at 14:35 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7d28c942-f4b6-4513-8a9b-1b05d3d33860
- 18 Jul 2022 at 14:35 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7d28c942-f4b6-4513-8a9b-1b05d3d33860

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7d28c942-f4b6-4513-8a9b-1b05d3d33860
  18th July 2022 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://reading.ac.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-db41bb12-c19a-4e15-b392-983f63a7e2b0.json.