Report
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

Coface : What are the possible impacts of the crisis?

>Russia/Ukraine account for a little less than 1% of commitments - At end-2021, Coface had a maximum theoretical exposure relating to credit insurance operations of € 588bn (+21% vs end-2020 and +9% vs end-2019), with 80% in developed economies and 20% in emerging markets. We understand that this maximum theoretical exposure amounts to around € 5bn for Russia and Ukraine (i.e. ~0.85% of the group's total commitments), with nearly all of that in Russia. We assume that ...
Underlying
Coface SA

Coface is a holding company that performs its activities through its primary operating subsidiary, Compagnie franASSaise d'assurance pour le commerce extA(c)rieur and its subsidiaries. Through its subsidiaries, Co. is a provider of credit insurance to businesses with solutions to protect them against the rist of client insolvency on both domestic and export markets.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Roland Pfaender,MBA,CFA,CCRA

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