Accountants claim banks are not open for business

Most accountants do not believe the banks are open for business in terms of releasing credit, a new survey has found.

More than 90% of accountants surveyed in the survey by the Institute of Certified Public Accountants (CPA) said their clients are finding it increasingly difficult to secure credit.

"Almost 80% of respondents have witnessed a viable business getting into trading difficulties due to a lack of credit from their bank," the CPA said today.

One in two respondents (50%) said many of their clients would not survive 2009.

The three issues of most concern to CPA accountants are getting paid, client survival and stress.

More in this Section

PwC: More supports needed for businessesPwC: More supports needed for businesses

Brian Keegan: New ways to manage economy will be neededBrian Keegan: New ways to manage economy will be needed

Killarney could prove to be barometer for tourism recoveryKillarney could prove to be barometer for tourism recovery

Mortgage Advisory group predict spike in mortgage switching applicationsMortgage Advisory group predict spike in mortgage switching applications


Lifestyle

Des O'Driscoll looks ahead at the best things to watch this weekFive TV shows for the week ahead

Frank O’Mahony of O’Mahony’s bookshop O’Connell St., Limerick. Main picture: Emma Jervis/ Press 22We Sell Books: O’Mahony’s Booksellers a long tradition in the books business

It’s a question Irish man Dylan Haskins is doing to best answer in his role with BBC Sounds. He also tells Eoghan O’Sullivan about Second Captains’ upcoming look at disgraced swim coach George GibneyWhat makes a good podcast?

The name ‘Dracula’, it’s sometimes claimed, comes from the Irish ‘droch fhola’, or ‘evil blood’. The cognoscenti, however, say its origin is ‘drac’ — ‘dragon’ in old Romanian.Richard Collins: Vampire bats don’t deserve the bad reputation

More From The Irish Examiner