Tuesday December 1, 2020

Credit among Irish retailers dries up

Retailers, including many household names, are increasingly being forced to pay cash upfront for goods, due to a significant reduction in trade credit insurance.

21st November, 2009

Retailers, including many household names, are increasingly being forced to pay cash upfront for goods, due to a significant reduction in trade credit insurance.

Billions of euro in trade is covered by trade credit insurance, but a dramatic increase in bad debts and claims has resulted in cover being slashed by insurers.

Monthly claims paid out have escalated from €2-3 million a month to €20 million a month this year, according to Atradius, one of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 11 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago