Saturday 17 March 2018

Exporters who bank with AIB to avail of new credit insurance product by Euler Hermes

Gavin McLoughlin

Gavin McLoughlin

Exporters who bank with AIB will be able to avail of a new credit insurance product launched by French multinational Euler Hermes.

The product, called ‘Simplicity’, will provide a minimum of 60pc cover against bad debts.

It’s available because AIB has signed a partnership with the French company.

AIB’s retail and business banking director Bernard Byrne said the product would “enable AIB to provide additional working capital and other trade finance product support to our customers expanding into new markets.”

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