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France

AXA and Coface sign credit insurance partnership agreement

In line with the terms of this agreement and following approval by the relevant authorities, Coface takes a 40% share in AXA Assurcrйdit is a 100%-owned credit insurance subsidiary of AXA France. AXA Assurcrйdit, managed since July 2002 by Gйrard...

Coface Scrl accredited with international quality standard

Coface Scrl has just been accredited with ISO 9001 certification, version 2000, for the provision of economic, financial and commercial…


French manufacturers' confidence unexpectedly drops

French manufacturers' confidence this month unexpectedly dropped to the lowest level since November 2001, increasing the chances that Europe's third-largest…

#bank#exporters#interest rates


Euler-Sfac forecast a rise in bankruptcies

The French credit insurance company Euler-Sfac said yesterday that the number of company defaults in France is likely to show…


Valtech enter factoring agreement to reduce debt by Ђ1.1...

Valtech, the French global group of Advanced Technology Solution Centres, has transformed its main line of credit in France into…

#cash-flow#interest


Credit Agricole and Credit Lyonnais get green light to...

France's main banking regulator approved a Ђ19.5bn (US$21.2 bn) merger between Credit Agricole and Credit Lyonnais on condition the banks…

#bank#banks#Credit Agricole


Paris office of Mayer, Brown, Rowe & Maw recruits...

The Paris office of Mayer, Brown, Rowe & Maw has recruited a team of corporate lawyers from SG Archibald, a…


A.M. Best affirms rating of Assurances Generales de France

A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Assurances Generales de France (AGF), France, and…

#acquisition#Allianz#international


French government presents plan to spur new businesses

The Cabinet on Wednesday approved a proposal to spur business growth in France by tripling tax breaks for investors in…


New Chairman of the board at Gras Savoye Langlois...

Christian Rocheteau has been appointed chairman of the board of directors of Gras Savoye Langlois SA, the factoring and credit-insurance…


Credit Cooperatif in deal over its factoring and venture...

French bank Credit Cooperatif has acquired a 2 per cent stake in the capital of the national bank that heads…

#bank


Vice-Chairman of Eurofactor Comments on Company’s Plunge into the...

Philippe Zamaron, vice-chairman of the board of management at Eurofactor in France spoke to BCR to explain why Eurofactor has…

#insurance#interest rates#management

Eurofactor’s Profits Plunge into the Red

Eurofactor, the factoring subsidiary of French credit-insurance group Euler & Hermes, has seen its profits plunge into the red, down…

#Allianz#bad debts#interest rates

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