Agreement reached between Coface State Garantees and the Central Bank of of Iran

Paris, 29 January 2016

 
 Agreement reached between Coface State Garantees and the Central Bank of of Iran
 
During the visit of the Iranian President in Paris on January 27&28 2016, Coface State Guarantees acting on behalf of the French State in the field of export credit insurance and the Central Bank of the I.R. of Iran have reached an agreement on the payment of amounts due by Iranian debtors that were blocked since international sanctions have been put in place.
 This agreement paves the way for business restoration and development between both countries. This mutual agreement represents a significant step necessary to return to the usual business. Coface State Guarantees is now able to help and provide guarantees for medium and long term projects, in compliance with the international rules.

 

About Coface
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 2014, the Group, supported by its 4,440 staff, posted a consolidated turnover of €1.441 billion. Present directly or indirectly in 99 countries, it secures transactions of over 40,000 companies in more than 200 countries. Each quarter, Coface publishes its assessments of country risk for 160 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.

www.coface.com
 
Coface SA.  is listed on Euronext Paris – Compartment A
ISIN: FR0010667147 / Ticker: COFA
 
 
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