Coface is a financial insurance company. It would not be wrong to express it this way. Your receivables and debts are covered by insurance. In this way, you minimize your risks. Coface’s development over the years:
Coface was established as a French company specializing in export trade credit insurance.
International growth has begun. The network began to develop gradually in new countries, especially in Germany and Austria in 1991, the United Kingdom and Italy in 1992.CreditAlliance was established with the participation of worldwide insurance companies, intelligence companies, agencies, fronters and factoring companies.
Coface is privatized. The group continued to manage public guarantees on behalf of the French State.
Coface’s ownership has been completely transferred to Natixis, the financing, asset management and financial services unit of the BPCE Group, the second largest banking group in France.
The activities are again focused on our traditional core business, trade receivable insurance.
The number of countries in which we operate directly has reached 66.
The number of countries we have given collateral has reached approximately 200.
Launch of Coface Global Solutions (services for multinational companies) and Top Liner (additional security for trade credit insurance) products.
Coface IPO’s Euronext Paris success. Final partnership rates as of 2 July 2014 are as follows;
Public: 58.50%; Natixis: 41.24%; Employees: 0.26%
Direct service in 66 countries
Guarantee in nearly 200 countries
Coface operates in many countries of the world. You will not only secure your local borrowings and loans. The fact that it operates in more than 200 countries allows you to guarantee your import and export transactions.