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Updated: 52 min 11 sec ago

Coface appoints Carmina Abad Sanchez to lead its Latin America region

July 16, 2018
Coface announces today the appointment of Carmina Abad Sánchez as CEO, Latin America Region.

Patrice Luscan, Coface, becomes the 41st President of ICISA

July 3, 2018
At the Annual General Meeting of ICISA (International Credit Insurance and Surety Association), marking its 90th anniversary, the membership elected Patrice Luscan, Marketing and Innovation Director of the Coface Group, as President of ICISA.

Coface awarded “Best Credit Insurance brand in France 2018”

June 28, 2018
Coface France has been recognised as industry leader with the Best Credit Insurance brand France 2018 Award by Global Brands Magazine (...)

Coface sells its stake in Cofacrédit

June 27, 2018
Coface announces today that it has ceded to Factofrance (Groupe Crédit Mutuel – CM11) its 36% stake in the capital of Cofacrédit, a factoring company previously jointly owned by the two groups.

Country and sector risks worldwide: Signals of risk on the increase in the 2nd quarter

June 21, 2018
Downgraded assessments in the majority this quarter

France’s loss of market share in Africa benefits several European countries, China and India

June 19, 2018
While France’s trade balance has remained in surplus, its market share of exports to Africa halved from 11% in 2000, to 5.5% in 2017.

François Riahi is appointed Chairman of the Board of COFACE SA

June 15, 2018
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.

Coface’s new service to guide companies in IFRS 9 compliance and improve risk management

June 15, 2018
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.

COFACE SA announces €300m syndicated loan agreement for its Polish subsidiary Coface Poland Factoring

June 14, 2018
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.

Global metals sector: prices to continue to rise in 2018, ahead of a possible slight decline in 2019

June 1, 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 (...)

Election season in Latin America: Growing political risks undermine economic essentials

May 23, 2018
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 (...)

Western Balkans’ accession to EU membership likely to be completed - supported by the region’s strategic importance

May 14, 2018
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: Publication of SFCR Group and Standalone as at 31st December 2017

May 4, 2018
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

Coface results for the first quarter 2018:

April 24, 2018
Net income of €35.5m and RoATE(1) at 8.8%; Fit to Win execution drives profitability in a supportive economic environment

Africa: diminishing reserves increase risks of another crash

April 24, 2018
Adversely affected by the slump in raw material prices, most African currencies lost over 20% of their value between 2013 and 2016

Coface’s purpose & new tagline: for trade

April 12, 2018
Discover our new tagline, FOR TRADE, which conveys Coface’s culture and purpose, as well as our deep commitment to trade.

New Mediterranean trade routes will be through the South and East of the region

April 10, 2018
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.

Country and sector risks worldwide

April 10, 2018
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

Coface announces the publication of its 2017 Registration Document

April 5, 2018
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.