Press release

SACE - Cerved agreement for credit recovery

Rome, 21 February 2017 – SACE (CDP Group) and Cerved join their credit recovery expertise and announce the finalization of a collaboration agreement to offer companies more effective services in Italy and abroad.

Through this agreement, the two companies will provide their respective clients the foreign credit recovery services developed by SACE and the domestic credit recovery services developed by Cerved Credit Management.

“We are proud to initiate this important collaboration in 2017 alongside one of the principal credit recovery servicers in Italy - declared Valerio Ranciaro, General Manager of SACE SRV, the SACE company specialized in credit recovery and commercial information services -. In recent years, the serious economic difficulties at the global level have made credit recovery one of the most pressing needs for Italian companies: this need becomes crucial abroad, especially in the emerging markets outside Europe, where SACE holds 40 years of experience unique in our Country.”

“This partnership with SACE strengthens our leadership in the credit collection field and offers greater protection for Italian exporters - declared Andrea Mignanelli, CEO of Cerved Credit Management -. Based on recent ISTAT data, it is estimated that in the first 11 months of 2016 the exports of Italian goods to emerging markets outside Europe under extended payment conditions totaled €103 billion: Cerved's experience in identifying collectible credits, formulating action priorities, and soliciting payments is now united with SACE’s international coverage to improve the efficiency of recovering the foreign credits of Italian companies.”