Bois-Colombes, France, 15-Apr-2019 — /EuropaWire/ — Coface supports its strategy of profitable growth in Central & Eastern Europe region with the acquisition of SID – PKZ, the market leader in credit insurance in Slovenia with a high market share. The business will operate under the new brand name Coface PKZ.

SID – PKZ was founded by SID Bank in 2005. It has recorded EUR 14.3 m of gross written premium in 2018. The transaction will have a neutral impact on Coface’s solvency ratio.

Coface strengthens its market position in the Adriatic region with this strategic step. Coface will enhance the support of Slovenian exporters with its broad range of services and a vast international network. Adding value to its clients and contributing to the economic development of the country. https://news.europawire.eu/coface-acquires-market-leader-in-credit-insurance-in-slovenia-98732564/eu-press-release/2019/04/15/