CST was established in 1997, with the aim of providing credit reinsurance support, under SARL jurisdiction and became an SAL company in 2015, coupled with professional expertise in the management of such credit granted by banks and financial organizations. CST also manages all kind of consumer loans, beginning with selection and ending with bad debts recoveries.
Credit insurance, allows a true and real “TRANSFER OF RISK” allowing the bank to rest safe in case of payment default. Hence the effective risk is in fact borne by the insurance company. CST acts as a perfect go-between between the bank, the insurance company, the participating merchants and finally the consumer or end-user.
CST acts as the back-office for parties involved in such financing schemes: The bank, the insurance company, the trader, etc… Within our system, the credit operation is followed since the time the credit application is filled by the consumer and up to the time when the latter has totally reimbursed his loan.
CST makes the necessary inquires and evaluates the credit risk (credit scoring), it also takes in charge the daily follow-up of payment delays, and eventually the claim process and recovery in case of payment default.
CST Offshore was created early 2014.
The main purpose of CST Offshore is to control and manage CST foreign subsidiaries.
CST Offshore is also in charge of exploring foreign markets and find new opportunities in the Middle Eastern area