News

Quarterly updated country risk assessments

06/23/2015

Many countries are facing the full brunt of the decline in oil prices, especially emerging countries for which Coface has revised growth forecasts to 4% for 2015 (compared to 4.2% in March 2015). Meanwhile, developed economies (2% growth forecast for 2015 and 2016) are benefiting from the slight recovery taking shape in the eurozone (1.5% in 2015).

Read more

Company insolvencies in Western Europe: a drop of 7% expected in 2015 but situation is contrasted

09/10/2015

Company insolvencies in Western Europe have experienced two successive storms. The subprime crisis, which made insolvencies jump by an average of +11% in the twelve countries studied was, unsurprisingly, followed by further shock waves, with increases of +8% in 2012 and +5% in 2013. Today the skies have begun to clear. The average drop of 9% observed in 2014 will continue with -7% in 2015 . While insolvencies continue to increase in Italy and Norway, they are seeing the positive impact of the timid recovery in the eurozone in ten other countries (Germany, Belgium, Denmark, Finland, France, the Netherlands, Portugal, United Kingdom and Sweden).

Read more

Iran: Sharp turn ahead, drive carefully

03/17/2016

After five years of sanctions, Iran is finally to rejoin the global community. The
return of Iran should have an effect on international growth via the oil channel but, above all, will bring huge changes to Iran itself. The lifting of sanctions, following the P5+1 agreement, will have a significant effect on raising Iran’s output. This will revive the Iranian economy, particularly through the recovery of foreign trade and investments.

Read more

Coface 2015 results: net income €126M and proposed dividend stable at €0.48 per share (5)

02/09/2016

At the end of 2015, a year marked by a deterioration in the global economic environment, Coface recorded a slight increase in net income (group share), at €126M (€125M in 2014). Turnover for the year grew by 3.4% (+1.2% at constant scope and exchange rate), supported by emerging markets. The Group’s loss ratio net of reinsurance has stabilized over the last six months, at 52.5%. Coface is prepared for Solvency II, which came into force on 1 January 2016. The ratio of capital required to cover subscribed risks stands at 147%7, a level in line with Coface’s risk appetite and dividend pay-out policy of 60% of net income.

Read more

Country risks again under tension in 2016

01/28/2016

To be monitored: cheap oil, financial market volatility and the Chinese slowdown in advanced countries and growing debt of companies in emerging countries

Read more

Is a Chinese shadow cast over Asia?

09/29/2015

China is trying to find a way to achieve healthier, more sustainable growth, but this is not completely painless for its economy – or for those of its neighbours. According to Coface estimates, growth is unlikely to exceed 6.7% in 2015 and 6.2% in 2016, compared with 13.4% over the period 2006-2007. This is mainly a result of the technological and capital catch-up process running out of steam: several industries are suffering from overcapacity and corporate indebtedness is high, thus impacting investment. We are witnessing a shift in the Chinese economic model. Which Asian countries will be the first victims if there is a hard landing? And which will enjoy the greatest immunity?

Read more
All the news

Contact

Coface
Rue Belle-Fontaine 18
CH-1003 Lausanne
Tel: +41 (0)21 331 00 40
Fax: +41 (0)21 331 00 44
 
Zurich office
Hofwisenstrasse 50 B
CH-8153 Rümlang ZH
Tel: +41 (0)43 547 00 20
Fax: +41 (0)43 547 00 44
 
info.suisse@coface.com
www.coface.ch
Contact us
  • English
  • Français
  • Deutsch
  • TRADELINER
    
Close

    TRADELINER

    popin-EN