Coface continues its expansion in Central Europe by offering credit insurance in Croatia
(Vienna, Zagreb 2013) Coface launches credit insurance from the very first day of Croatia´s accession to the European Union on 1st of July 2013. For the worldwide credit insurance company it is not an unknown country: Since 1998 Coface has been active on this market by offering business information and debt collection services for Croatian and international customers. Over these 15 years Coface has built up a profound knowledge of the market specifics and needs. “The expansion in Croatia marks a further milestone in the history of Coface”, explains Mrs. Katarzyna Kompowska, Executive Manager Coface Central Europe, “this is a next step to extend our already strong presence and to complete our offer in the Balkan countries”.
Entrepreneurs in Croatia will be serviced by the local team of Coface Croatia with Coface Austria acting as the issuer of the policy. “By providing local support we guarantee our customers the best service”, comments Mr. Christian Berger, Country Manager Austria. With this step Coface underlines its leadership in Central Europe with a geographical coverage in 13 countries. “The cross border trade activities within the Central European region make up nearly 1/3 of all exports and thus our strong network is a main benefit for our clients”, concludes Berger.
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The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2012, the Group posted a consolidated turnover of €1.6 billion. 4,400 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 158 countries, based on its unique knowledge of companies’ payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors.
In France, Coface manages export public guarantees on behalf of the French state.
Coface is a subsidiary of Natixis, corporate, investment management and specialized financial services arm of Groupe BPCE.