Bpifrance to take over as French ECA by end of 2016

(Global Trade Review, Paris, 16 April 2016) France’s export credit agency (ECA) activities will be placed under the responsibility of the Banque Publique d’Investissement (Bpifrance) by the end of this year, now that the conditions of the transfer from Coface have been agreed on. Under the agreement, all of Coface’s public export guarantee activities will be moved to Bpifrance Assurance Export, a new subsidiary created for that purpose. All employees working on these activities will become Bpifrance employees, and even relevant IT systems will be transferred.