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Our offer

Alongside businesses to protect them against unpaid invoices

At Coface, our main mission is to insure businesses – from SMEs to multinationals - against unpaid invoices, which can undermine their activity. In this way, we have designed a range of credit insurance solutions covering 4 key requirements expressed by businesses for export: insuring their sales, financing their development, covering their risks on a case-by-case basis and evaluating markets.
 
This “made by Coface” protection is based on a powerful prevention system: our experts work around the globe to analyse the financial strength of businesses and anticipate payment arrears. Through this continuous review, we provide feedback on all or part of the customer portfolio, complementing and partnering with businesses. 
 
Our in-depth knowledge of buyers and the markets enables us to offer bespoke advice and services, in addition to taking action quickly when risks of unpaid invoices materialize. This responsiveness is possible thanks to the unique close ties established with our customers, backed by our presence in 99 countries. In Romania, the underwriting division along with specialized brokers nationwide and a dedicated Key Accounts team in Bucharest and also in Cluj, keep us alert and help us to be proactive and anticipate risky situations.
Coface is the only provider of integrated credit risk management services in Romania. In addition to credit insurance, Coface offers factoring, business information production and receivables management services in some countries.

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News

How did CEE Top 500 companies perform during the pandemic?
11/22/2021

The 13th CEE Top 500 study provides an insight into the future and summarizes the region’s economic activity for the previous year. Moreover, it describes the condition of the 500 largest companies in CEE by their turnover. This edition describes the struggles of the new Covid-19 pandemic environment as well as how companies adjusted to this new situation. Jarosław Jaworski, CEO of Coface Central and Eastern Europe, explains that “the CEE economies have adapted to the new, pandemic environment, but its positive picture is challenged by the global and European perspective. Central and Eastern Europe’s 500 largest businesses faced a decrease in revenues and an even sharper drop in profits in 2020.” The Top 500 companies' turnover has dropped by 3.3% to 667 billion euros. Average turnover contracted to 1,333 million euros compared to last year’s 1,378 million euros, showing the impact the pandemic has had on the region, but also its resilience and growth potential.

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COFACE ACHIEVES RECORD NET INCOME OF €67.7M IN THE THIRD QUARTER
10/29/2021

Turnover of first nine months: €1,158m, up +7.9% at constant FX and perimeter, and up +8.9% in Q3-2021
Trade credit insurance premiums increased by +9.3% due to growth in activity on the back of the economic recovery and past price adjustments
The price effect was positive over nine months (+1.6%) but pricing has been negative for the past two quarters
Information services growing +13.4% year-to-date and +18.0% in Q3-2021

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