BRIEF HISTORY of Developments leading to the Foundation of FAF-DC

 

 

What is FAF DC

 

The First Albanian Financial Development Company (FAF-DC) established on early the beginning of 2009, as
an implementation of the Strategy “For the conversion of the Mountain Areas Finance Fund - MAFF’ into
‘Financial Development Company, endorsed by the Government of Albania, Decision of the Council of
Ministers No.904, date 27.06.2008”. FAF-DC is a governmental owned company opened to any potential strategic investor, with paid-up shareholder’s capital of ALL 1,030,100,000.


FAF-DC is registered at National Registration Centre on 31.12.2008 FAF-DC is licensed by the Bank of Albania for all sorts of crediting. On May 2009, the Ministry of Finance agreed to sub-lend to the Company the amount of Eur 5,000,000 originally borrowed from the Council of Europe Development Bank (“CEB”).

 

 

What is/was MAFF

 

·         Established as a Foundation by the Government of Albania (GoA), Mountain Areas Finance   

             Fund – MAFF, December 1999.

·         Registered as NGO in Tirana Court, April 2000.

·         Licensed as a Non Banking Financial Institution, March 2000

 

 

 
 

Lending and Funding

Credit fields

Interest rates
Our Clients

 

 
 
   
 
 
 
 

 

 
 
   
 

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