Banking Services

The Council requires a bank to provide a corporate banking service to manage the £2.2 billion funds that it receives and the estimated £1.2 billion that it pays out on an annual basis. The service must be capable of meeting the requirements of all divisional directorates across the Council, including a number of Lambeth schools. The service must be capable of safeguarding the Council’s financial assets, deliver ethical banking, whilst delivering value for money.