In France, Coface also manages export public guarantees provided by the French state.
Coface is a subsidiary of Natixis whose share capital (Tier 1) was 12.7 billion Euros end December 2009. Natixis is the corporate, investment and financial services arm of BPCE, the 2nd-largest banking group in France with 22% of total bank deposits and 37 million clients spread over two networks, Banques Populaires and Caisses d’Epargne. With around 22,000 employees, Natixis has a number of areas of expertise which are organized in three main business lines: Corporate and Investment Banking, Investment Solutions (asset management, private banking, insurance) and Specialized Financial Services.
Coface figures:
130,000 customers worldwide
7000 staff
Over 190 companies operating in 67 countries
50 million rated companies in its database
Trade Receivables (i.e.all of a company’s commercial receivables) represent a sizeable asset in company balance sheets, frequently the biggest category of assets ahead of stocks and property. By its complementary expertises on its different business lines, Coface offers an integrated, comprehensive and modular range of receivables management services to companies of all sizes, banks and factoring companies.