Royal Bank of Scotland Selected as Primary Bank for Dutch Ministries
The Royal Bank of Scotland (RBS) has been selected as primary bank with responsibility for a substantial part of the payments and collections of the Dutch ministries. Starting from May 2009, the Dutch government will run more than 66 million transactions per year via RBS.
The new agreement was reached after a European tendering procedure and is valid for a minimum of four years and a maximum of seven years. The two parties signed the contract on 20 February in Amsterdam. The implementation has started – the first ministries and state departments will transfer to RBS accounts on 1 May 2009.