Retail sector arrears up by nearly 9% y/y to PLN 2.28 bln

Total overdue liabilities of the retail sector exceed PLN 2.28 billion and have increased by nearly 9 percent over the last year, making it the most indebted sector of the Polish economy, according to data from the National Debt Register (KRD). A total of 68,300 entities from the trade sector are listed in the KRD. The average amount of overdue arrears of one company is PLN 33,400.

"Despite the visible beginnings of regeneration of the industry after the pandemic and positive forecasts for the future in the coming months, retailers will not yet be able to breathe. They have a lot of debt to make up for. The debts of the trade sector consist of obligations of wholesalers and retailers. The former is the worst in terms of timely payments. Companies involved in wholesale trade owe their creditors PLN 1.15 billion. Retailers owe PLN 824.3 million," the communiqué reads.

Debtors from Mazowieckie voivodeship have the most to pay (PLN 500.4 million). Silesian and Greater Poland trading companies should repay PLN 297.5 million and PLN 251.1 million, respectively. The least indebted are companies from the Opole (PLN 33.8 million), Świętokrzyskie (PLN 36.2 million) and Podlaskie (PLN 39.8 million) provinces.

(ISBnews)