Banking Services Contract Award - Leeds City Council to NatWest
Summary
Leeds City Council has awarded a banking services contract to NatWest valued at £699,960 under the NEPO531 General Banking Services Framework. The contract covers the period 27 March 2026 to 31 March 2032, with an optional 48-month extension. This is a direct award procurement for council banking requirements including main and subsidiary accounts, cash facilities, electronic banking, and BACS services.
What changed
Leeds City Council formally awarded a banking services contract to NatWest for £699,960 (excluding VAT) under the NEPO531 General Banking Services Framework. The contract scope includes main bank account and subsidiary accounts, cheques and cheque facilities, branch cash and deposit facilities, and electronic banking services. The procurement was conducted as a direct award without prior publication of a call for competition, justified as falling outside the scope of the regulations as a call-off from an existing framework agreement.
This is a routine procurement notice and does not impose new obligations on third parties. No compliance actions are required from other entities. The contract term runs from 27 March 2026 through 31 March 2032, with a potential 48-month extension available. Banks and financial institutions should be aware that this represents ongoing public sector banking procurement activity under the NEPO531 framework.
Source document (simplified)
Contract
The Provision of Banking Services
- Leeds City Council F03: Contract award notice
Notice identifier: 2026/S 000-030044
Procurement identifier (OCID): ocds-h6vhtk-067a17
Published 31 March 2026, 6:05pm
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Contents
one. Contracting authority Press escape key to exit two. Object four. Procedure five. Award of contract six. Complementary information
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- Copy link Print this notice Report concerns about this procurement ## Section one: Contracting authority
one.1) Name and addresses
Leeds City Council
Civic Hall, Calverley Street
Leeds
LS1 1UR
Country
United Kingdom
Region code
UKE42 - Leeds
Justification for not providing organisation identifier
Not on any register
Internet address(es)
Main address
one.4) Type of the contracting authority
Regional or local authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
The Provision of Banking Services
two.1.2) Main CPV code
Banking services
two.1.3) Type of contract
Services
two.1.4) Short description
Provision of banking services for Leeds City Council. This is a direct award under the NEPO531 General Banking Services Framework.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £699,960
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKE42 - Leeds
two.2.4) Description of the procurement
The provision of all the council’s banking requirements which will include: a main bank account and a range of subsidiary bank accounts, cheques and cheque cashing facilities, cheque stopping and BACS recall facilities, branch cash and deposit facilities, electronic banking. This list is not exhaustive
The contract commences on 27/03/2026 and expires on 31/03/2032.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2.14) Additional information
1 x 48 month extension, to be taken in any combination
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Award of a contract without prior publication of a call for competition in the cases listed below
- The procurement falls outside the scope of application of the regulations Explanation:
This is a call-off from the NEPO531 General Banking Services Framework, therefore a previous notice was not required
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: No
Section five. Award of contract
Title
The Provision of Banking Services
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
27 March 2026
five.2.2) Information about tenders
Number of tenders received: 1
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
National Westminster Bank PLC
London
Country
United Kingdom
NUTS code
- UKI - London
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £699,960
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
The High Court of Justice
London
Country
United Kingdom
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