News

Results for the first half of 2014: Growth and profitability in line with guidance

07/29/2014

Turnover growth of +1.8% on a like-for-like basis
Customer retention rate increased to 92.3% and production of new contracts
up +14%

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Appointments to the Coface Board of Directors

07/28/2014

The Combined General Meeting of Shareholders of COFACE SA, which was held on 2 June 2014, appointed four new independent directors with effect from 1 July 2014, for a term of four year

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Downgraded to A4, Brazilian economy gears towards a year of adjustments in 2015

07/15/2014

Coface expects a considerable slowdown of GDP in 2014 (at +1.3% in 2014, down from +2.5% in 2013), due to household consumption growing at a slower pace, investments losing momentum and a weak trade balance. Coface considers 2015 to be a turning point, boosting GDP in the medium term.

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Coface appoints Nicolas Garcia as Group Commercial Director

07/21/2014

In this new position, he also becomes a member of the Group Management Board and the Executive Committee.

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The UK upgraded to A2 due to the strength of its recovery

06/25/2014

Affected in 2009 by a recession more intense than other European countries under the effect of a sharp drop in household consumption and investment, the British economy is currently distinguished by the strength of renewed growth (1.8% in 2013). Forecast at +2.7% in 2014 by Coface, it could be as dynamic as that of the United States and exceed Germany (2%).

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Success of the Coface IPO

06/27/2014

"During the IPO, we received a warm welcome from investors, who were particularly receptive to us, both in France and abroad. This makes us proud of the work of our teams around the world to build a solid group, which is profitable and has confirmed growth prospects[...]" Jean-Marc PILLU, Coface Chief Executive Officer

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Partners

  • PING-AN_square100
      Credit Insurance Partner
     
    Our Partner in Mainland China.
    Ping An Property & Casualty Insurance Company of China ltd. is the subsidiary of Ping An Group, the second largest P & C Insurance company in China.
     
     
    In 2003, Coface supported Ping An P & C Insurance Company of China Ltd. to launch the 1st short term domestic trade credit insurance in Mainland China, protecting local enterprises against the risk of non-payment.
     

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Contact

HONG KONG
29/F, @Convoy, 169 Electric Road
North Point, Hong Kong
 T. +852 2585 9188
F. +852 2585 9100
coface.hk@coface.com
 
 
MAINLAND CHINA
Suite 1319-1338, Shanghai Central Plaza
381 Middle Huaihai Road
Shanghai 200020, P.R. China
T. +86 21 6171 8100
F. +86 21 6288 0009
shanghai@coface.com
 
 
TAIWAN
Room A5, 6/F, No 16
Section 4, Nanjing East Road
Taipei 10553, Taiwan, ROC
T. +886 2 2577 5797
F. +886 2 2577 5795
taipei@coface.com
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    WHAT'S NEW? 

    DOWNGRADED TO A4, BRAZILIAN ECONOMY GEARS TOWARDS A YEAR OF ADJUSTMENTS IN 2015 (15/07/2014)

    Coface expects a considerable slowdown of GDP in 2014 (at +1.3% in 2014, down from +2.5% in 2013), due to household consumption growing at a slower pace, investments losing momentum and a weak trade balance. Coface considers 2015 to be a turning point, boosting GDP in the medium term. Read more

     

    - SEE ALSO PUBLICATION : PANORAMA COUNTRY: BRAZIL (15/07/2014)

    From 2004 to 2008 Brazil had grown, on average, by 4,8% a year, but in the former period, from 2009 to 2013, the average rate declined to 2,7%. The country did not take advantage of the good winds to make important reforms, such as improving the infrastructure and the business climate... Read more