Tuesday, August 14 2018 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 57 min 43 sec ago
In the first half of 2018, Coface continues to record a solid performance in a gradually normalising risk environment
Net profit of €62.8m and RoATE1 at 7.8%
Coface announces today the appointment of Carmina Abad Sánchez as CEO, Latin America Region.
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 France has been recognised as industry leader with the Best Credit Insurance brand France 2018 Award by Global Brands Magazine (...)
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.
Downgraded assessments in the majority this quarter
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.
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.
COFACE SA announces €300m syndicated loan agreement for its Polish subsidiary Coface Poland Factoring
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
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 (...)
Western Balkans’ accession to EU membership likely to be completed - supported by the region’s strategic importance
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