Coface

Downgraded assessments in the majority this quarter

The Board of Directors of COFACE SA met today and elected François Riahi, Chief Executive Officer of Natixis, as the Chairman of the Board of Directors.

Under the new IFRS 9 regulations which came into effect in January 2018, companies urgently need to put into place more accurate and forward-looking accounting systems for measuring Expected Credit Losses (ECL) on all their trade receivables.

As part of the refinancing of its factoring activity, Coface Poland Factoring signed an agreement with a group of banking partners for a €300m syndicated multicurrency loan (EUR, PLN) on 8 June 2018.

On the back of highly-synchronised economic growth, technological shifts boosting a surge in the use of metals and a shortfall in supply, metals have been benefitting from a bull market since mid-2016 (...)

Latin America has a track record of being led by dictatorial political systems and populist governments. The Coface Political Risk Index takes into consideration various risk aspects related to security, political and social fragility issues (...)

The European Union - Western Balkans Summit will take place in Sofia, Bulgaria, on the 17th of May 2018. This meeting aims to reaffirm the EU’s commitment towards the Western Balkans gaining EU membership. Coface’s economists see the EU accession as likely to happen, particularly as it would counterbalance Russian and Chinese presence in the region.

COFACE SA has published today its Solvency and Financial Condition Report (SFCR) for COFACE SA (Group) and Compagnie française d’assurance pour le commerce extérieur (the « Compagnie »), in compliance with the Solvency II requirements

Net income of €35.5m and RoATE(1) at 8.8%; Fit to Win execution drives profitability in a supportive economic environment

Adversely affected by the slump in raw material prices, most African currencies lost over 20% of their value between 2013 and 2016

Discover our new tagline, FOR TRADE, which conveys Coface’s culture and purpose, as well as our deep commitment to trade.

In the Mediterranean, the recent rise in protectionism is starting to transform the vast network of free trade agreements and reshape intra-Mediterranean trade routes. Two new trends are emerging.

Now that peak growth has been reached in the United States and Europe, businesses are preparing for supply side constraints and the risk of protectionism

The Registration Document of COFACE SA for 2017 (Document de référence 2017 in French) was filed with the French financial markets authority (Autorité des marchés financiers - AMF) on April 5th 2018 under the number D.18-0267.

With the wave of ongoing elections in countries such as Hungary, Czech Republic, Poland and Slovenia, Central and Eastern Europe is undergoing a major period of change against the background of economic growth that is still strong (...)

According to Coface, China and Japan are becoming competitors for trade and investment in the Asia Pacific region (...)

The International Women's Day is an opportunity to review the numerous projects carried out within the framework of the Women to Win dedicated to women's leadership, networking and knowledge and experience- sharing (...)

The beginning of the year marked a clear improvement in key business insolvency indicators (...)