Coface: Profit of the Group Better than Before the Crisis in 2010

Published: April 8, 2011; 10:24 · (Vindobona)

Austria and the CEE surpasses the international trend: increasing sales, decreasing management costs and lower claims ratio improve financial strength.

Coface: Profit of the Group Better than Before the Crisis in 2010 / Picture: © Coface, CEE Top 500

The international credit insurer Coface has published its balance sheet figures for 2010 and was able to show a very successful recovery after the crisis year 2009.

In Austria, consolidated sales increased, compared with 2009, by 7.6% to € 54.9m. This was mainly due to successful new business and the positive development of premiums in contract renewals. But also the decline in…

This article includes a total of 213 words.

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