ProCredit Bank is a development-oriented commercial bank. We offer excellent customer service to small and medium enterprises and to private individuals who would like to save. In our operations, we adhere to a number of core principles: we value transparency in our communication with customers, we do not promote consumer lending, we strive to minimize our ecological footprint, and we provide services which are based both on an understanding of each client’s situation and on sound financial analysis.
In our operations with business clients, we focus on small and medium-sized enterprises, as we are convinced that these businesses create jobs and make a vital contribution to the economies in which they operate. By offering simple and accessible deposit facilities and other banking services and by investing substantial resources in financial education we aim to promote a culture of savings and responsibility.
Our shareholders expect a sustainable return on investment over the long term, rather than being focused on short-term profit maximization. We invest extensively in the training and development of our staff in order to create an open and efficient working atmosphere, and to provide friendly and competent (customer) service for our clients.
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 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. This year, ProCredit Holding further consolidated its stake in the bank, taking over the shares of EBRD. Paid-in capital has risen continuously and now amounts to EUR 25,7 million. In 2003 the institution was renamed “ProCredit Bank”, thus reflecting its affiliation with the ProCredit group.
ProCredit Holding AG & Co. KGaA is the parent company of the group, controlling the majority of shares in all ProCredit institutions worldwide. The main functions of ProCredit Holding vis-à-vis its subsidiaries are the provision of equity and debt financing, strategic guidance and supervision. It sets the overall policy guidelines and standards regarding all key areas of banking operations. ProCredit Holding is responsible for ensuring that all ProCredit institutions have appropriate organizational structures and procedures in place that reflect these policies, and that they apply appropriate standards for risk management and the prevention of money laundering, fraud and the financing of terrorism. IPC is the leading shareholder and strategic investor in ProCredit Holding. IPC has been the driving entrepreneurial force behind the ProCredit group since the foundation of the banks.
Management of ProCredit Bank Albania:
Adela Leka – Spokesperson of Management Board
Ardiola Hristiç – Member of Management Board
Besnik Berisha – Member of Management Board
Board of Directors members:
• Adela Leka • Borislav Kostadinov, Chairman of the Board • Wolfgang Bertelsmeier • Mimoza Godanci • Jordan Damcevski
Control Committee members: • Marion Bouillie • Jovanka Joleska Popovska • Maja Mehmedovic