Updated / Thursday, 14 Jan 2021
11:46
Bank of Ireland reduced standard payment terms from 30 days to within five days for its SME suppliers
Bank of Ireland has extended its commitment to fast-track payments to its SME suppliers until the end of 2021 to help ease cash flow pressures during the Covid-19 pandemic.
In the first wave of the pandemic, Bank of Ireland reduced standard payment terms from 30 days to within five days for its SME suppliers.
The bank said today that smaller suppliers across a range of sectors including technology, advertising and recruitment will continue to benefit from its accelerated payment approach until the end of this year.