ENP Newswire - 21 February 2014
Release date- 20022014 - SACE guaranteed a fine nziamento EUR 10 million granted by Mediocredito Italian, the Pole of corporate finance of the Intesa Sanpaolo Group to support investment and growth processes of the companies, to support the ' expansion into Turkey of CRIF, a global company specializing in the development and management of credit information systems, business information and decision support.
The funding will contribute to the acquisition of stakes in 4 companies under turkish active in the supply of systems and software solutions, strengthening the internationalization strategy of CRIF launched the Nineties.
In addition to Turkey, CRIF has established a direct presence abroad in 19 countries, including Russia, USA, Mexico, Great Britain, India, China, Czech Republic, Slovakia, Austria and Switzerland and has recently announced the opening of two new offices in Hong Kong (China) and Manila (Philippines) to meet the growing local demand for solutions for credit management in South East Asia.
The transaction strengthens the excellent cooperation of SACE with the operator market leader in Italy and Europe.
SACE offers export credit, credit insurance, investment protection abroad, financial guarantees, sureties and factoring. With EUR 70 billion of insured operations in over 189 countries, the group SACE supports the competitiveness of companies in Italy and abroad, ensuring more stable cash flows and transforming the risk of insolvency into development opportunities.
CRIF. Specializing in credit information systems, business information and decision support, CRIF offers to banks, companies and financial institutions, insurance companies, utilities companies and qualified support for risk management and for marketing. Established in Bologna (Italy ) in 1988, with approximately 1,600 employees worldwide and has subsidiaries in 20 countries, today CRIF develops projects in more than 40 countries on four continents (Europe, America, Africa and Asia), supporting its services on a daily basis with over 2,400 banks and financial companies and more than 25,000 companies worldwide. In addition, CRIF has been the first Italian company to have obtained registration at Community level as Credit Rating Agency, empowered to provide assessments of the creditworthiness of businesses based on the application of rigorous quantitative models as well as on the skills and professionalism of its analysts.
Mediocredito Italian is the Pole of Corporate Finance of the Intesa Sanpaolo Group dedicated to the support of strategic investments and growth processes of the companies, a point of reference in Italy for the Group as a consultant for corporate finance, specialized finance, subsidized credit and leasing.
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