INVITATION

OF STRATEGIC INVESTORS

The First Albanian Financial Development Company (FAF-DC), newly founded as a successor to the Mountain Areas Finance Fund (MAFF) and 100% owned by the Republic of Albania, represented by the Minister of Finance, 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 € 8 million in share capital in order to enable FAF-DC to expand its business activities, with the possible future option of buying into the shares owned by the Republic of Albania, partially or totally

The predecessor of FAF-DC, the Mountain Areas Finance Fund (MAFF), was established in 1999 as a Government owned foundation, with status as a non-bank financial institution, within the framework of the IFAD loan financed 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) clients’ 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 non-bank financial shareholding company, the First Albanian Financial Development Company (FAF-DC).

  Strategic investor/s invited should:

     i.   Be foreign based private sector operator/s
 

     ii.  Be willing to contribute equity capital of minimum € 8 million into FAF-DC, and to maintain

        this   equity for a minimum period of 3 years
 

      iii. Have a minimum equity size of  € 50 million
 

      iv. Have a minimum of 5 years, and ongoing operational focus on the financial sector/lending sector,      and significant experience in rural and MSME (micro, small and medium enterprise) financing

                                                             Main highlights of FAF-DC/MAFF

Investors interested in responding to this invitation, should express such interest to:

FAF-DC Capital Restructuring Committee,

Att. The Secretary, Ms. Luiza Shehu, e-mail: lshehu@ffzmal.org, tel: +355 4 222 026

from whom further information may also be requested.