Balfin Group

Balfin Group represents a reliable and firm partner in all its
operating markets. It duly offers an extensive experience
and activity in major areas of the economy through proper
expertise and highly-qualified human resources. Be it
investments, advisory services and tutoring partnerships,
Balfin is there to lend a hand in our portfolio main sectors:
▪▪ Real Estate Development
▪▪ Retail Sale
▪▪ Energy
▪▪ Telecommunications
▪▪ Mineral Industry
We welcome your inquires and are happy to provide further
information at: info@balfin.al
Your Partner

Welcome, we appreciate your
interest in our company. Here
you can learn more about us
and what we do in every day
work, the history and growth of
Balfin Group and what we aim
to achieve in the future.
we operate. We work to meet our
policies in the context of improving
community life and development,
environmental protection, cultural
enrichment and education in every
area present with our companies and
employees.
Our business plans are aimed
towards the development of new
ideas by providing prosperity for the
community and further growth of our
group. Our investments are designed
towards providing quality assurance
and development. As we strive to
establish quality standards in the
industry, our products and services,
in coordination with management
companies work daily to improve
processes.
Our performance constantly
increases and reinforces
relationships we have with
customers, partners, communities
and other interest groups. Balfin
Group is in continuous development
and growth as a result of previous
investments and projects that have
been successful. In continuity we
aim to have successful performance
by further developing the quality,
involvement in other economic
sectors and geographical expansion
of the Balfin Group.
It is my belief and wish that you find
the information you seek through our
website. Also please do not hesitate
to contact us if you need more
information.
Samir Mane
President and CEO
Our business is focused on creating
economic and social value in all
markets we operate. We strive to
create economic value by exploring
market opportunities, particularly in
the areas of retail, real estate, and
mining industry in the Balkans and
beyond. Our group is in a continuous
further expansion through exploration
of new opportunities in other
segments using acquired market
knowledge and professionalism.
We create social value by striving
to be more than a growing business
portfolio and especially a group of
individuals active in the environment

DUBAI
SERBIA
KOSOVO
MACEDONIA
ALBANIA
AUSTRIA
MONTENEGRO
ITALY
group PRESENCE

Balfin - Balkan Finance
Investment Group is one
of the largest private
investment groups in South
East Europe
Group’s investment portfolio is
focused in several important sectors:
• Retail Sale
• Real Estate Development
• Mineral Industry
• Commercial and Industrial Space
Management / Services
• Telecommunications
• Customer Financing
• Pioneering Consumer Loyalty
Programs
Since its beginnings in the Austrian
capital, Vienna, in 1993, The Group
has already established a reputation
as the most active and innovative,
thanks to the successful investments
in ideas that have transformed
and revolutionized the market and
consumer behavior. Today, with
headquarters in Tirana, Balfin Group
is present with its activity beyond the
borders of Albania, Austria, Dubai,
Italy, Kosovo, Macedonia, Montenegro,
and Serbia.
This success is also due to the
dedicated and processional staff part
of Balfin Group and to an efficient
cooperation with our international
partners as we consider this a
vital symbiotic relationship. As we
dedicate our resources and support
in sustaining our common portfolio
and interests, this relationship is flag
shipped by new ideas and projects. We
take pride in solid co operations with
prestigious institutions such as:
• Albanian American Enterprise
Fund (AAEF)
• European Bank for Reconstruction
and Development (EBRD)
• Raiffeisen Bank
• AlbStar
• Samsung
• Arcelik
• LG
• BEKO
and other more.

With its beginnings since
1993 in the Austrian
capital, Vienna, it has
already established a
reputation of its own
as the most active
and innovative Group,
thanks to the successful
investments in ideas that
have transformed and
revolutionized not only
the market but also the
consumer behavior.
group timeline
Alba Trade is registered in Vienna
in 1993 as the official distributor
of electronic equipments. From
Austria, this company coordinates the
business processes of Neptun and
Neptun International.
In 2002 Balfin Group spearheaded a new
challenge in real estate and property
development by creating Mane TCI which
specializes in construction, design, project
development and management. It has since
conceived and completed industrial and
residential facilities, and villas offering
the highest standards with impeccable
infrastructure works.
1993 2005The first shopping center in Albania, Qendra
Tregtare Univers (QTU) was opened to the
public in 2005, a very ambitious project at
the time which revolutionized the way the
Albanian public shops. Still today, the Center
remains the most popular and successful
shopping center in Albania, hosting more
than 75’000 visitors per week.
1993 2002
Neptun is the largest chain
of electronic appliances and
devices in Albania and among
the companies with the highest
growth in the Western Balkans
region. Neptun is also present in
the markets of Kosovo, Macedonia,
Montenegro and Serbia.

Balfin Group concluded one of the
most important group investments
outside Albania, the Skopje City
Mall (SCM) in Macedonia.
In 2013 Balfin Group took a very
important step to diversify its
portfolio towards the mining industry
by acquiring 100% of the shares of
ACR Holding the largest company of
extraction, enrichment and processing
of chrome mineral in Albania.
FG was envisioned as the company
that would provide and strive to
offer collections from the latest
fashionistas. Currently with over 12
brands, Fashion Group is always
looking to bring new brands in Albania.
2012 2012
2013
2005
Balfin Group developed the first Albanian
chain of grocery stores and supermarkets,
Euromax. In a short period, the enterprise
managed to turn into the largest network
of supermarkets in Albania offering quality
with competitive pricing strategies.
Tirana Logistic Park is designed to
offer services and earn the status
as the biggest logistic park in The
Western Balkans. With Phase 2 well
under way, The Park has already
started providing prestigious partners
with its core services.
In 2011 Balfin Group completed
another important project, Tirana East
Gate (TEG). With an investment of
€54 Million, TEG represents the most
modern and the largest shopping center
in Albania with over 90’000 m2
.
20112005

History
Balfin Group strands are in 1993
in Vienna where Mr. Samir Mane
founded Alba Trade. Having
started with trading of electronic
devices, soon the Group
managed to create the largest
network of electronics stores in
Albania, Neptun and subsequently
extended the network in
neighboring countries.
Since 2002 Balfin Group
All the companies, part of Balfin Group, represent a success story in itself. As
the Group is always on the implementation of innovative ideas, it is creating
successful businesses but also offering the Albanian and regional markets
a solid benchmark to be followed. Today, Balfin Group is also considered
one of the few Albanian businesses that have managed to be successful
and competitive even outside the country. We are proud of the precious
involvement of our partners and the contribution given has inputted in
all achievements.
is present with projects in
real estate development and
management. Through Mane TCI
it has conceived and completed
industrial and residential facilities
offering the highest standards.
In 2005, first shopping center in
Albania, Qendra Tregtare Univers
(QTU) was inaugurated.
This was a very ambitious project
at the time and revolutionized the
way the Albanians used to shop.
QTU is still the most popular and
successful shopping center in
Albania.
The year 2005 marked the
establishment of the first Albanian
chain of supermarkets, Euromax.
In very little time Euromax
managed to turn into the largest

network of supermarkets in
Albania offering quality with best
prices.
Since 2005, Fashion Group
brought to Albania several popular
brands of clothing, satisfying the
needs and requirements of all
categories that visit shopping
malls. Fashion Group brands are:
Mango, Goldenpoint, Calliope,
Geox, Parfois, Okaidi, Prenatal,
Terranova, Springfield, Carpisa,
and Etam.
In 2011 Balfin Group completed
another important project, Tirana
East Gate. With an investment of
€ 54 million, it was constructed
the most modern and the largest
shopping center in Albania with
over 90’000 m2
.
In October 2012 Balfin Group
concluded one of the most
important investments of the
group abroad, Skopje City Mall.
This €68 million project was

developed in cooperation with
the participation of international
partners.
Again, during 2012, Balfin Group
undertook a bold project yet
again, building a logistic park,
which is another groundbreaking
innovation for the Albanian
market. Tirana Logistic Park, a
€44 Million pioneer investment,
is designed to provide services
not only to Albanian businesses,
but primarily offering an
international standard service to
foreign interests. This investment
is projected to be developed in
phases with the first one finalized
in October 2013.
In 2013 Balfin Group took another
step to diversify the portfolio
of activities in the mineral
industry by acquiring 100% of
the shares of ACR Holding, the
largest company of extraction,
enrichment and processing of
chrome in Albania.
In 2013 our group took an
important step to diversify
the portfolio of activities
in the field of mineral
industry by buying 100% of
the ACR Holding shares
100%
shares
acquired

Strategy and Values
Applying the Highest Standards
We seek in all Group companies
to follow a strict policy towards
the creation and application of
higher standards in every service
or product segment. Thanks to this
ongoing commitment to improve,
we remain the most reliable partner
for all foreign companies interested
to invest in Albania and the region.
Expansion and Diversification of
Operations
Balfin Group constantly aims to
improve the position in the domestic
and regional market, bringing our
products and services near bigger
markets. The diversification and
growth of our investment portfolio
is a top priority and constant
active strategy. The group is under
Balfin Group is keen on achieving results and high standards in all areas of
operation and services bringing innovative ideas to the market. To be the first
and the best is what guides our daily endeavor. We believe in our employee
motivation and desire to achieve even bigger projects in the future, not only in
Albania but in the region too.
continuous development by getting
involved in different areas of the
economy, from retail to mining
industry.
Capital for Companies Growth
All Group companies benefit from
the synergy and mutual exchange of
experience. The considerable Group
size enables all our companies to

have full support not only financially
but also tailored management
consideration. This ensures the
success of all Companies within the
Group by creating new projects and
confidence in investment safety to all
domestic and international partners.
Human Competitive Force
Balfin Group takes pride in the
creation of a healthy and professional
work environment where policy and
standardization procedures are aimed
at making its workforce happier and
more efficient. To us, human resources
are the most valuable partners for
the development of the Balfin Group
companies and therefore we pay
special attention to their growth and
promoting not only professionally but
also in personal terms.
Integrity and Ethics
Throughout daily activities Balfin
Group implements professional
ethics and compliance with
legislation. Legal and professional
commitments represent our core
values as well responsibility in
taking action. This has created a
transparent and fair culture towards
partners in each project. All of our
Group companies have established
partnerships with local and foreign
companies showing sportsmanship
and dedication to bilateral
agreements.
Environment and Community
We have always shown maximum
responsibility for employees,
customers, suppliers, partners,
and communities where our Group
companies develop environmentally
friendly and awareness activities.
Balfin Group companies apply
specific strategies to improve the
conditions of local communities
by increasing employment or
by supporting projects aimed at
social development. In any of our
investments, we are very careful
towards negative impacts on the
environment and community. This
is our commitment, not only for the
present but also for future generations.
Balfin Group is not only
one of the largest private
companies in Albania
but is also among the
largest and professionaly
engaging businesses
3000
EMPLOYEES
in Group Companies

Group Management
Besides the Strategic Board, all
daughter companies have their own
administration led by a Managing
Director MD that exercises
executive powers in cohesion with
decisions and guidelines of the
Strategic Board.
We are committed in applying the highest standards in Management and
Direction throughout the Balfin Group Corporate Entity.
Balfin Group Management is supported by the Strategic Board which is
chaired by the sole shareholder of the Balfin Group, Mr. Samir Mane. The
Strategic Board is formed by four vice presidents and two external members
with extensive business expertise.
Strategic Board
▪▪ Group President and CEO
▪▪ Vice President for International
Business
▪▪ Vice President for Retail Sales
and Real estate
▪▪ Vice President for Finance and IT
▪▪ Vice President for Projects and
Development
▪▪ 2 External Members
Balfin Group Strategic Board is
responsible for:
▪▪ Group’s Financial Performance
and Planning
▪▪ Business & Strategic
Direction
▪▪ Companies Acquisition and
Sales
▪▪ Risk Management
▪▪ Budgeting and Operations

Strategic Board
Group President
and CEO
Vice
President for
International
Business
Vice President
for Retail
Sales and Real
Estate
Vice
President for
Finance and IT
Vice
President for
Projects and
Development
2 External
Members

our businessBalfin Group is continually
in a process of growth, in
terms of operations and
geographically. Currently
Balfin Group is active in
Albania, Austria, Kosovo,
Macedonia, Montenegro,
Serbia, Italy and Dubai.
The Group manages
activities such as real
estate development, retail,
design and construction
of residential buildings,
providing the necessary
logistics and services to
businesses, development
of retail networks,
mineral industry,
telecommunication,
consumers financing
and consumer loyalty
programs.
Real Estate
Activities and projects of Balfin
Group in real estate propose
construction and management
of environments for living,
business, commercial activities
or industrial areas. Balfin Group
has constructed over 296’060
m2
gross space for housing,
commerce and upbringing
office; over 142’700 m2
in
shopping centers; 200’000 m2
of logistic and industrial park.
Retail Trade
Balfin Group is the pioneer
of retail chains in Albania by
proposing to the customers
quality products and best
brands at the affordable
prices. Retail trade activities
are concentrated in two main
groups: Electronics and
Fashion.

Services
Balfin Group activities in
services category include
a wide range which varies
from asset management of
real estate to giant spaces
for the development of
entrepreneurial activities.
Services provided by the
Balfin Group include full
professional systems that
provide easy access for
individual consumers as well
as companies.
Investments
Balfin Group is open to collaborate
with local or international partners
and the results of this partnership
are some of the best performing
companies in Albania and the region.
In the Groups portfolio of companies
there are companies where Balfin
Group is only an investor and doesn’t
manage them. We chose to become
part of these companies even if we
are not managing them because we
believe in our partners’ ability to
develop these companies.
Mineral Industry
Besides companies of which
Balfin Group owns all shares,
there are other economic and
operational activities in which the
group is involved in a non-majority
partnership. Investments of our
Group lay in different areas of the
economy by collaborating with
local, regional and international
partners. Balfin Group is open
to cooperation with national
and local partners in function of
various projects.

Real Estate
Mane TCI
Established in Albania, Mane TCI
is a leading company in the con-
struction business, investments
and real estate development in
Eastern Europe and the Balkans.
It is specialized in civil and indus-
trial constructions, including shop-
ping centers, residential buildings,
social and cultural centers and in-
frastructure development; making
quality a peculiar feature. The per-
manent progress, the state-of-the
art technologies, but also modern
extension investments in retail sales
drives key growth at Mane TCI.
Key Mane TCI Projects include:
Ambassador 1 represents a high-
end 10’000 m2
residential building
completed in March 2009. In total,
it has 14 above ground and two
underground parking floors. This
multifunctional building is among
the first of its kind to offer state-
This portfolio consists of activities and projects in construction and
management of facilities for residential, businesses and commercial
activities, office space and industrial areas. Balfin Group has constructed
over 300’000 m2
gross space for housing, commerce and upbringing office
and over 143’000 m2
in shopping centers and commercial malls. Another
considerable 200’000 m2
go to add the total surface of Balfin real estate
assets with the finalization of Tirana Logistic Park.

of-the-art construction standards
ever applied in Albania.
Ambassador 2 is situated near
the artificial lake of Tirana and
has access to all the main routes
of the capital. It contains two un-
derground parking floors, with the
first offering commercial space.
This building was designed as a
response to numerous requests
for luxury condos in a tranquil area
near the city center.
Ambassador 3 has been projected
to be a residential living space like
no other ever built in Albania. It is
designed to provide more lifestyle
shaping facilities, positioned in one
of the most prestigious areas, very
close to the center of Tirana and
Artificial Lake Park. With a total
construction surface of 32’300 m2
,
it will include four underground
parking floors, one for commercial
activities and 20 residential apart-
ments/condos.
Rolling Hills Luxury Residences
represents a magnificent lavish
gated community in a first-rate

neighborhood, with the best con-
struction standards. It represents
a first of its kind project in Albania.
This investment includes 122 luxu-
ry villas, subdivided in three differ-
ent types ranging in size from 350
m2
to 600 m2
New Born is an unparalleled 14
hectares gated residential and
touristic resort in Lalzi Bay, by the
Adriatic Sea, about 35 km from
Tirana and Durrës, approximate-
ly 100 km from Montenegro and
Kosovo, minutes away from the
International Airport of Tirana and
Port of Durrës.
Tirana Logistic Park
TLP will be the first logistics park
in Albania with access to the main
arteries of rail and road transpor-
tation, near the Durres port and
largest in the country and close
to Tirana International Airport. Ti-
rana Logistic Park with an area of
200’000 m2
will contain 3 storage
warehouses with an area of 80’000
m3 of Class A. Customs clear-
ance procedures are designed to
be performed within TLP prem-
ises thus facilitating operators
supply chain and bureaucratic
endeavors. Tirana Logistic Park
will offer all the services of a
technological park and the most
qualitative spaces for storage,
processing, manufacturing and
business development offices.
TEG – Tirana East Gate
TEG is the newest shopping
center of Tirana and the largest
in Albania. With 150 stores and
1,500 parking lots, and due to its
strategic positioning, TEG is an at-
tractive destination not only for Ti-
rana but for the city of Elbasan as
well. With its considerable 95’700
m2
, this shopping center is build
to offer a diverse portfolio of ser-
vices and products, the introduction
of exclusive brands, entertainment
areas, restaurants, cafes, and maxi-
mum comfort for customers.

Shopping
Center in Skopje
Balfin Group is the main
investor in the largest shopping
center in Macedonia. With a
planned area of 38’000m2
for
retailer it is 3 km away from
the city center of Skopje.
QTU – Univers Shopping Center
Balfin Group finalized the construc-
tion of Univers Shopping Center in
2005 and radically changed the
retail system in Albania. It is the
first and most successful shopping
center in Albania. Within its second
year, due to customer influx an ex-
pansion of its capacity was needed
which was successfully completed
within months. With a construction
area of 47’000 m2
, the Center shel-
ters more than 85 popular brand
stores worldwide while servicing
over 75,000 visitors per week and
800 vehicles parking space.
Skopje City Mall
Balfin Group is the majority inves-
tor in the largest shopping center
in Macedonia, with an area of al-
most 90’000 m2
and just about 3
km from Skopje city center. SCM
duly makes it to list of some of the
biggest shopping centers in the
South East Europe.

RETAIL TRADE
Alba Trade
Alba Trade registered in Vienna in
1993 as the official distributor of
electronic equipment for the Bal-
kans, and is represented in the lo-
cal market with the Neptun Interna-
tional network stores. Besides being
the official distributor of all brands
of electric household appliances
level A, Alba Trade plays a key role
in coordinating the whole Neptun
The creation of retail chains has been a pioneering competitive advantage
for Balfin which successfully promote clients brands and quality products.
Retail trade activities are concentrated in two main groups: Electronics and
Clothing, including more recent endeavors in bookselling and toys.
Balfin Group has a considerable thriving culture in managing and expanding
the networks of retail stores in the Albanian market and has built precious
experience on how to adapt to the regional ones. This record is evidently
proven through the expansion of electronic device networks and clothing
stores in Kosovo, Macedonia, Montenegro and Serbia.
group; it manages and implements
the annual distribution policy for
each country, supports and helps
in studying the regional market,
improves business conditions in
the actualization of the state of the
market and competition, coordinat-
ing budget plans for international
expansion of Neptun network stores
in the region.
Neptun
Neptun is the largest network of
electronic devices in Albania and
among the highest growth compa-
nies in the Western Balkans. Neptun
provides retail sales of electronic
products from TVs and computers
to household appliances, to a full
range of products to suit across the
board demand. With 14 stores in Al-

bania and constantly expanding, Neptun
is present in all major cities of the coun-
try. By providing the latest products as
well as having the largest range of elec-
tronic equipment, Neptun has earned
the retail electronic equipments market
leader position. The Albanian company
Neptun owns Neptun Company in Mon-
tenegro, a fast growing retailer of elec-
tronic products.
Neptun International
Neptun International Network offers the
best brands of appliances and techno-
logical devices in the western Balkan
countries such as Macedonia, Kosovo,
Montenegro and Serbia. Neptun Interna-
tional consists of 18 stores in Macedonia,
6 stores in Kosovo, 5 stores in Montene-
gro and 9 stores in Serbia. Offering the
widest and most spacious new electronic
equipment and appliances for consum-
ers, Neptun is the market leader in Mace-
donia and Kosovo and is taking a leading
position in Serbia and Montenegro. Cur-
rently Neptun International has agree-
ments with international best market of-
fering products of high-tech electronics.

Fashion Group
Fashion Group clothing stores
provides choices of the latest fashion
clothing for Albanian consumers.
Currently with over 12 brands,
Fashion Group is always looking
to bring new brands of clothing
in Albania. Brands and prices are
chosen specifically to suit the needs
of the market through the likes of
Etam, Goldenpoint, Caliope, Geox,
Parfois, Okaidi, Prenatal, Terranova,
Springfield, Mango and Carpisa.
Bookstore
Bookstore Library is the largest and
most modern space dedicated to
books in Albania. The library was
conceived and built on European
models of libraries such as “Feltri-
nelli”, “Mondadori”, and “Fnac”.
The library offers a total space of
640 m2
, of which 120 m2
books pro-
motion hall and various presentations
of domestic and foreign publishing
houses, from authors and translators.
The Library currently offers more
than 20’000 titles and growing.
Fashion Group
Among the most popular
brands of Fashion Group
are: Etam, Goldenpoint,
Caliope, Geox, Parfois,
Okaidi, Prenatal, Terranova,
Springfield, Mango and
Carpisa.
Kidzone-Jumbo
Kidzone is the official operator in Al-
bania for Jumbo© franchise. Jum-
bo’s offers a wide array of activities;
toys and clothing for children, books
and office supplies, as well as sea-
sonal, decorative and celebrative
items.

MINERAL INDUSTRY
AlbChrome
AlbChrome is the largest company
of chrome mineral mining, enrich-
ing and processing in Albania and
one of the largest in Europe. Start-
ing 2013, Albanian Chrome is 100%
owned by Balfin. Actually among the
leading exporters in Albania, ACR
has developed an important network
of international partners. Its main fo-
cus lies on exports, mainly towards
developed industrial countries in Eu-
rope, Asia and America. Currently Al-
bChrome has undergone a complete
investment plan that aims increasing
production, improving general condi-
tions in all the company’s assets in
Bulqiza, Klos, Elbasan, Burrel, etc.
Ferro-Chrome Factory of Elbasan
started operating in 1989 and is de-
signed to produce high-carbon ferro-
chrome using raw chromium mate-
rial coming from mines all over the
Starting 2013, Albanian Chrome is 100% owned by Balfin Group after
purchasing shares from the Austrian of DCM DECO Metal GmbH. AlbChrome
is by far the largest company of chrome mineral mining, enriching and
processing in Albania and one of the largest in Europe. The Group considers
this acquisition a serious portfolio expansion and international positioning that
guarantees a dominant and solid growth prospective.

country, mainly from the Bulqiza
area.
Enrichment plant of Klos is the
only one of its kind in Albania. It
has been build and actually op-
erating for the sole purpose of
enriching lesser quality mineral
being excavated from the mines.
Bulqiza’s Mine is the richest
area with chromium mineral in
Albania and has a reputation
for its high quality extracts. The
mine has been operational for 65
years and today its depth goes
up to 800 meters making it one
of the largest
Ferro-Chrome Factory of
Burrel, built in 1979, is one of the
first investments in minerals in-
dustry in Albania and geographi-
cally close to the mining process.
The plant covers an area of 14
hectares and has three electric
furnaces with 9 MW installing
power.

SERVICES
ACREM - Albania Commercial
Real Estate Management
ACREM manages Balfin Group’s
real estate properties for Albania
and is the biggest of this kind. This
company provides management
services for commercial real estate
as for malls and other commercial
entities. ACREM currently manages 4
Trade Centers in Albania, Tirana Lo-
gistic Park and residential buildings.
Balfin Group has developed a service platform including a wide array
of activities that spreads from property management to considerable
entrepreneurial activities spaces. The services provided by The Group
include full professional systems that provide easy access for the individual
consumers as well as the companies. The shopping centers, logistic park,
residence management, restaurants & food service etc. are some of the many
offered in Albania and the region.
Food Way
This unit offers quality service in
terms of bars, pizzerias and restau-
rants. Food Way is present in both
shopping centers in Tirana, QTU
and TEG, offering visitors cafeterias
and restaurants with self-service
of a high quality. Yamato, the well
respected authentic Japanese res-
taurant, is part of Food Way’s port-
folio.
Electro-Service
Electro-Service was designed to
provide maintenance and repair for
electronics and appliances. A fully
dedicated staff of professionals
helps costumers at any hour of the
day wherever they might be located.
Maintenance and repairmen of elec-
trical and electronic equipment is
offered at the company’s premises
and as well at the clients’ premises.

INVESTMENTS
Plus Communication
Balfin Group is one of the sharehold-
ers of Plus Communications, fourth
mobile operator in Albania since
2009 and it represents a consortium
of several Albanian successful com-
panies with diverse portfolios.
Fin-Al
Fin-Al is one of the first non-banking
financial institution licensed by the
Central Bank of the Republic of Al-
bania that offers customized prod-
ucts in financing customer purchas-
es. Through this service customers
in Albania find access to products
through a fast, simple and transpar-
ent financing. Fin-Al supports leading
brands in the Albanian market such
as Neptun, Vodafone, AMC, Plus, EMI-
GRES and many others through its
over 70 service points in country.
Balfin Group has kept an open collaboration strategy towards local and
international partners. Many of these partnerships have resulted into leading
performing companies in Albania and the region. Balfin is also present in
other investment enterprises on minority partnership terms only. We consider
this form of participation a clear sign of reciprocal respect and trust in
developing business and in our partners.

Euromax’s 2012 acquisition was a
particularly important project that
recognized immediate revitalizing
sales.
Tirana Logistic Park, the first
logistic park in Albania and one of
the biggest in Western Balkans, is
another main investment of Balfin
Group, which started in 2012 and
the first phase of the project was
inaugurated in October 2013.
Tirana Logistic Park offers all
the services of a technological
park and best quality spaces
for storage, processing,
manufacturing and offices for
business development.
2012 represents another crucial
investment in the preparatory
phase to the acquisition of
AlbChrome (ACR holding) from
the Austrian company DCM DECO
Metal GmbH. This acquisition
was finalized in January 2013,
further expanding the portfolio
of operations and imposing a
stronger position in international
markets.
We take pride in our financial
performance during FY 2012. The
Group saw an increase of 27%
compared to 2011 and is on the way
to yet again confirm the position.
2012 was a very positive year for Balfin Group, all the companies
achieved good results in their business performance. Aside the positive
performance of the companies part of the Group, during 2012 several
operations resulted very positive.
Financial Highlights

Long term debt/Equity ratio 2011
Long term debt/Equity ratio 2012
18.22%
16.27%
45.14%
51.26%
58.38%
55.78%
28.87%
21.83%
electronics real estate retail services
Due to current 2011
investments, Retail
Trade saw further
debt exposure
compared to other
divisions, but that
further solidifies
the expansion
strategy planned.
This operation lies
well controlled
below the 60%
Group ratio ceiling.

turnover 2011 by industry
14%
2% 1%
83%
11% 4% 1%
84%
electronics
electronics
real estate
real estate
retail
retail
services
services
turnover 2012 by industry
Electronics is the
main contributor in
the total turnover of
the Group. It has had
a positive growth in
2012 compared to
2011.

59%
4% 11%
25%
63%
5% 12%21%
totalassets2011byindustry
totalassets2012byindustry
Compared with 2011,
Real Estate increased
its presence in terms
of assets, confirming
its weight for Balfin
Group’s portfolio.

turnover 2011 by region
turnover 2012 by region
0 10 20 30 40 50 60 70 80
67.92%
32.08%
international
national
0 10 20 30 40 50 60 70 80
73.62%
26.38%
international
national
The biggest
contributor in the
Group’s Turnover
during 2011 and 2012
is Electronics division
which is located
mostly abroad Albania
in the region of South
East Europe.

totalassets2011byregion
totalassets2012byregion
0 10 20 30 40 50 60 70 80
65.34%
34.66%international
national
0 10 20 30 40 50 60 70 80
66.97%
33.03%international
national
Real Estate division
(industry) is the main
contributor to the
total assets of the
group. This industry is
mostly concentrated
in Albania.

SOCIAL RESPONSIBILITY
Balfin Group is committed to pro-
mote higher social values and show
care for community and environ-
ment. We believe that business
growth must be accompanied by a
parallel community development
and social growth culture wherever
it operates. Therefore, we always
appreciate and take active care of
social and environmental policies
and application development proj-
ects throughout Group network
structure.
We aim to make sure that our busi-
ness activities weigh in as an invest-
ment in improving the social em-
ployment conditions, infrastructure,
health care, education and culture in
the communities in which we oper-
ate.
In light of modern globalization is-
sues and environmental protection
strategies, we consider it a special
mission to consider these topics by
assessing any potential impact dur-
ing project implementation.
Balfin Group companies are not lim-
ited to providing jobs for local com-
munities in which they operate but
strive to make a positive impact in
the lives of families and country.
Our key pillars in social programs are:
▪▪ Environment
▪▪ Education
▪▪ Culture
▪▪ Health
human resource
Energy for the future
Balfin Group is always looking for
qualified people to be part of the team
working into future projects. To par-
ticipate in projects that will shape the
future, Balfin Group seeks energetic
people with great communication and
technical skills that will be an added
value to the challenging Albanian mar-
ket and its needs.
Work and Family
At Balfin, we believe that, Family is a
central pillar to healthy professionals
and emotional stability. We strive to
provide an adequate environment so
our professional can conduct an equili-
brated relationship between work and
private life.
Representatives of employees
Balfin Group is very attentive and con-
siderable on employee feedback. We
support and conduct regular meet-
ings with employee representatives
and unions, as we duly support all
employees to exercise the right to ex-
press concerns and suggestions. Our
HR department makes its purpose to
accommodate needs and requests in
prospective to a healthy and happy
work environment.
Students’ internships
Balfin Group provides full or part time
professional practice for all qualified
students. A professional internship is
a real contribution we provide towards
education and counseling of future
specialists and professionals. Our cor-
porate responsibility and contribution
towards community and society is a
mission we take very seriously.

Street ‘Papa Gjon Pali II’, ABA Business Center, 12th
Floor, Tirana, Albania
www.balfin.al

Balfin Group

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