late payments rate

European SMEs

Business Late Payments (280 billion) Stifle SMEs

Gerardo Cuerva (*) | For more than ten years, the fight against business late payment has been a priority for the Spanish Confederation of Small and Medium-sized Enterprises (CEPYME). It has been developing a strategy of monitoring and recommending good practices aimed at bringing about a cultural change to banish this negative business practice. This strategy has been reinforced in the last year with the creation and promotion of the…

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Wednesday’s Spanish graph: late payments rate will approach 9.8pc by 2013

From Renta 4 analysts, a confirmation that late payments rate was 7.91pc in January, the maximum level seen by the Spanish financial sector since December 1994. And it was 8pc for the depositary entities. The increase in both cases has been the highest since February 2009, but the experts said today that they discard further acceleration. “During the next months, the situation should be stable and late payments rate is…