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Late payment Europe

Under EU law, whenever business clients pay their invoices late, late payment interest can be claimed.

This applies to all commercial transactions with other businesses (including sole traders, providing that they are acting in the course of their independent economic or professional activity) and public authorities.

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News

Banking in Europe: EBF publishes 2018 Facts & Figures

• European banks consolidate to boost efficiency and enhance profitability • Total number of credit institutions in the EU down by 31% since 2008 • Non-performing loans are no longer a specific European problem
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PAYMENT TERMS REACHED A TEN-YEAR HIGH

Euler Hermes publishes its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 20 sectors and 36 countries.
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Payment Behavior

Good news on global growth comes with a significant deterioration in payment terms.
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Exchange Rates

1 € (EUR):
AUD 1.61440
CAD 1.52630
CNY 7.91280
GBP 0.90328
HKD 9.09130
INR 83.10350
JPY 129.17000
MYR 4.80880
MXN 22.66000
KRW 1299.75000
CHF 1.12880
THB 38.03500
USD 1.15820
10.12.2018 © EZB

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