Spotlight

Shorter payment delays are reported in China and higher economic growth is expected in 2023

Companies in China report shorter payment delays in 2022 and expect higher economic growth in 2023

05/23/2023

Coface’ survey shows that fewer firms encountered payment delays in 2022. 40% of respondents reported overdue, down from 53% in 2021. The average payment delay was shortened from 86 to 83 days in 2022. More information here and in our publication.

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News

Appointment of Grishma Kewada as Coface Country Manager for Singapore

03/28/2023

Coface is pleased to announce the appointment of Grishma Kewada as Country Manager for Singapore effective April 1st 2023. She reports directly to Graham Crozier, CEO of Coface South East Asia & India and is based in Singapore.

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Is There A Difference In How Small Businesses Enforce Debt Collection Services

04/03/2023

Debt collection is a tricky business for companies of all shapes and sizes, but the process is particularly vital to small and medium sized enterprises (SMEs), which often don’t have the cash flow to absorb losses as easily as larger organisations.

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From excessive pessimism to excessive optimism - Coface Barometer Q4 2022

02/14/2023

2023 starts with good news on the macroeconomic front. First, Europe has avoided a recession that looked long promised. Second, the prospect of a rebound in China in the second half of the year, also raises hopes for the global economy. In this context, Coface's risk assessments have changed only slightly, with 5 changes for country risks and 16 changes for sector risks. Discover which ones in our latest barometer.

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Germany Corporate Payment Survey 2022: Battered companies prepare for another crisis

09/19/2022

The impact on corporate payments in 2022 appears to be moderate and comparatively lower than the shock on the economy. However, companies are vigilant in the short-term and very pessimistic about the future.

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Asia-Pacific: Companies face rising credit risks despite shorter payment delays

06/29/2022

Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia-Pacific region during another pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) and 13 sectors located in the Asia-Pacific region.

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Coface China Corporate Payment Survey : Increasing risks in supply chain disruptions and rising raw material prices

05/11/2022

Coface’s 2022 China Corporate Payment Survey shows that fewer firms encountered payment delays in 2021, but those that did report longer periods of overdue payments than in the previous year. The average payment delay rose from 79 days in 2020 to 86 days in 2021. Firms in 9 out of 13 sectors reported an increase in payment delays, led by agri-food, which recorded the largest increase of 43 days, followed by wood, transport, and textile.

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Key figures

€1.812 M OF TURNOVER IN 2022
 100
  1. COUNTRIES OFFERING OUR SERVICES
 ~4,721 EMPLOYEES
 €283.1 M OF NET PROFIT
 AA- (Stable Outlook) FITCH
 A2 (Stable Outlook) Moody's
 A (Stable Outlook) Am Best
ALL THE KEY FIGURES

Partners

  • BHARTI AXA
    		  Credit Insurance Partner
     
    Our Partner in India.
    Bharti AXA General Insurance Company Limited
     
     
    ICICI Lombard
    		  Credit Insurance Partner
     
    Our Partner in India.
    ICICI Lombard General Insurance Company Limited
     

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  • ITGI
    		  Credit Insurance Partner
     
    Our Partner in India.
    IFFCO - TOKIO General Insurance Company Limited
     
    Universal Sompo
    		  Credit Insurance Partner
     
    Our Partner in India.
    Universal Sompo General Insurance Company Limited

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