Founded in 1946, Coface is a subsidiary of Natexis Banques Populaires and the Banque Populaire Group, whose regulatory capital (tier 1) amounted to €12.2 billion at 31 December 2003. Coface facilitates global trade by offering companies solutions to manage, finance and protect their customer portfolio and enabling them to outsource all or part of their receivables management, as well as the related risks.
Coface has over 4,000 employees serving 85,000 clients, with an organisation in each country based on integrated sales forces and four product lines: credit insurance; credit information and corporate ratings; receivables management; and factoring and receivables securitisation. Coface also offers three other business lines: guarantee insurance, receivables management training and, in France, public procedures management for export guarantees on behalf of the State.
Coface has subsidiaries or branches in 57 countries and offers local services in 91 countries.
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