Open Responsive Menu

The Bank and its Shareholders

ProCredit Bank Albania was founded in 1995 as the “Foundation for Enterprise Finance and Development” (FEFAD) with 100% of its share capital provided by KfW. The institution focused on providing small and very small Albanian businesses with access to finance.
Despite the country’s economic and political turmoil of 1997, FEFAD achieved a strong financial performance and received a banking license in 1999, becoming FEFAD Bank. The founding shareholders of the bank were FEFAD Foundation, ProCredit Holding (then known as IMI), the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation; they were joined by Commerzbank AG in 2002.
In 2003 the institution was renamed “ProCredit Bank”, thus reflecting its affiliation with the ProCredit group.

Shareholder structure as of December 2018:

Shareholders Sector Head Office
Shares Value
ProCredit Holding Investment Frankfurt, Germany 100.00 % ALL 3,763,884,034.39
Total
100.00 % ALL 3,763,884,034.39

ProCredit Holding is the parent company of ProCredit Group. ProCredit Holding was established as Internationale Micro Investitionen AG (IMI) in 1998 from IPC.