Coface PKZ, Prva kreditna zavarovalnica (ранее SID - PKZ)

2019: Inclusion in the Coface group

On April 17, 2019 the Coface company announced a successful completion of the transaction on acquisition of SID – PKZ – the credit insurer of Slovenia owning a considerable market share. SID – PKZ in this regard is renamed into Coface PKZ. Coface considers that acquisition of SID – PKZ will promote the active growth of Coface in Central and Eastern Europe.

This step promotes strengthening of a market position of Coface in the countries of the region of Adriatic Sea. Advantages of the international presence and the unrolled product line of Coface will allow the Slovenian insurers to develop safely export trade and to promote thereby increase in growth rates of national economy. Coface PKZ will be included into group of departments of the region of Central and Eastern Europe which area chief executive is Declan Daley.

Acquisition of SID – PKZ is a major step of Coface in the direction of external growth for the last 10 years. This step will allow to strengthen Coface positions in the region, important for the company, and will promote realization of goals, Fit to Win set within the plan of strategic development. Xavier Durant, chief executive of the Coface group

We consider that the current owner of SID – PKZ will be able to provide the companies of an opportunity for growth and further expansion of scales of activity. Inclusion in the Coface group will allow the company to get access to a large number of foreign markets that, I am sure, will contribute to the development of the Slovenian economy. Also the transaction will have a positive impact on the service layer in the market of insurance and reinsurance of entrepreneurial risks. We consider that it will promote increase in export volumes and steady growth of the national market. Sibyl Svilan, chairman of the board of directors of SID Bank

As division of the SID Bank group our company worked for the benefit of the Slovenian economy of 27 years. We are sure that as division of the Coface group our company will be able to bring customer service quality to other level and to strengthen the position in the market of credit insurance in the region of Adriatic Sea. Sergey Simoniti, the chairman of the board of SID – PKZ

2018

In the 2018th the total amount of the signed awards digging was 14.3 million euros. The transaction will not have significant effect on Coface solvency ratio.

2005

The SID company – PKZ was founded by SID Bank in 2005.