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INVITATION
of
STRATEGIC INVESTORS
The First Albanian
Financial Development Company
(FAF-DC), recently
founded
as the successor of
the Mountain Areas Finance Fund (MAFF)
and 100% owned by the
Republic of
Albania, and represented by the Minister of
Finance of the Republic of
Albania, invites
the participation of strategic investors:
a) to support
the strengthening of FAF-DC,
institutionally as well as in terms of
developing
supplementary financial products; and
b) to
contribute a minimum of € 5 million in share
capital in order to enable FAF-DC to
expand its business
activities, with the possible future option of
buying partially or
totally, the shares
owned by the Republic of Albania.
The predecessor of
FAF-DC, the Mountain Areas Finance Fund (MAFF),
was
established in 1999
as a Government owned foundation, with the
status as a non-bank
financial
institution, within the framework of the IFAD
loan financing the
Mountain
Areas Development
Programme
(MADP).
The original
mission of MAFF was to contribute to the
economic growth of the
generally poorer
mountain areas of Albania by providing access to
appropriate and
sustainable
financing of micro, small and medium enterprise
(MSME) customers’ with
investment needs
and business objectives.
Since its
establishment, MAFF has successfully responded
to its mandate and
developed into a
stable and sustainable financial institution
with a loan portfolio of good
quality, and with a
strong position among private clients and MSMEs
in rural and
mountain areas of
Albania.
For MAFF to
continue to respond to its mandate, it has been
transformed into a nonbank
financial
shareholding company, the First Albanian
Financial Development
Company (FAF-DC).
2
Strategic
investor/s invited should:
i.
Preferably to be a foreign based private sector
operator/s or a joint venture
with domestic
investors.
ii. Be willing to
to add value to the implementation of the
strategy and
privatization
process by contributing an equity capital of
minimum Euros
5 million into FAF-DC
as a down/payment or with instalments to be
disbursed within 12
months, and to maintain this equity position as
a
minimum for a
period of 3 years.
iii. Have an
experience and ongoing operational focus on the
financial
industry/sector at
minimum of 3 years, and by comprehensively
including
strategic investors
as single participants or as a consortium of
investors by
including
experienced members in the areas of
microfinance, investment
companies/funds,
insurance, etc., reflecting the nature of FAF
current and
future undertakings
on servicing the IFAD target group in the
mountain
areas, and be in
line with the approved Strategy.
iv. However a pure
financial investor should not be entitled to
participate,
neither on their
own nor as part of a consortium.
v. Have a minimum
equity size as a single entity or totally as a
consortium of Euros 30 million.

Interested
investors are invited to address their
expression of interest in writing at the
latest 12:00 AM,
12th July 2010 (Albania time) to:
FAF-DC
Capital Restructuring Committee,
Att.
The Secretary, Ms. Luiza Shehu
Address: Str.
“Dervish Hima” No.4
Tirana –Albania
Tel/Fax: +355 4
2232937
Additional
information can be obtained from the websites
www.faf-dc.com
and
www.minfin.gov.al
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