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Corporate Profile

Mission

Operate as an undisputed local and regional investor in the targeted markets by anticipating customer’s spending habits and offering a positive value proposition to serve those habits through excellent service, while creating attractive returns to the shareholder.

Balfin’s ability to convert challenges into value-creating business opportunities is the reason why we exist.

 

Vision

“To become an international investor setting new standards of excellence in all areas of activity.”

 

History

  • Balfin Group’s beginnings originate in 1993. Having started with trading of electronic devices, soon the Group managed to create the largest network of electronics stores in Albania, Neptun. Subsequently its network extended in the neighboring countries.

  • Since 2002 Balfin Group 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 Albania.

  • In 2005, the first shopping center in Albania, Universe Shopping Center (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 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, Cortefiel, Goldenpoint, Geox, Parfois, Okaidi, Prenatal, Carpisa, Springfield and Terranova.

  • In 2007 Balfin Group established ACREM (Albanian Commercial Real Estate Management). This company provides management services for commercial real estate which include shopping malls and other commercial entities.

  • FoodWay was established in 2008 and it offers quality service in terms of bars, pizzerias and restaurants. Food Way is present in both shopping centers in Tirana, QTU and TEG.

  • Established in 2008, Elektro-Servis is designed to provide maintenance and repair for electronics and electric appliances. These services are offered at the company’s or at the clients’ premises.

  • “Alcred” shpk was purchased by Balfin Group in 2008 and has developed one of the largest residential and service areas in Tirana consisting of approximately 1,000 apartments with a total surface of 100.000 sqm.

  • In 2011, Jumbo the largest toy store in the Balkans became part of Blafin Group in a franchise deal with Kidzone. Jumbo’s main activity is trading toys for children, kids; items, books and stationeries, as well as seasonal and decorative items.

  • 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 sqm.

  • During 2012, Balfin Group started the building of Tirana Logistic Park, a €43 Million pioneer investment, designed to provide services not only to Albanian businesses, but primarily offering an international standard service to foreign interests.

  • 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.

  • In 2013 Balfin Group acquired 100% the shares of ACR Holding and is now called AlbChrome. AlbChrome is the leader in the mining and metallurgy industry in Albania, the Balkans and the second largest in Europe. AlbChrome is the only vertical integrated producer of High Carbon Ferrochrome in Europe.

  • Albanian Energy Supplier, established in 2014, operates in the field of importing, exporting, wholesale and retail trading of electricity.

  • Tirana Business University, the only Business School in Albania, established according to the most advanced and successful models of academic education and teaching values, became part of Balfin Group in 2014.

  • In 2015 the chain of Carrefour Albania supermarkets became part of Balfin Group in a franchise deal.

  • In 2015 Balfin Group started the construction of Green Coast Resort the only High End Luxury Resort located on Palasa Beach. The resort contains four different types of buildings, from elite villas to apartments. These spacious and stylized villas and apartments offer exceptional services and view.

  • AgroCon Albania was established in 2015. It develops its activity in the field of agriculture in activities such as construction of protected environments for the production of agricultural products, wholesale and retail of agricultural products in Albania and abroad.

  • SPAR became part of Balfin in 2016 intending major investment and an expansion of SPAR in Albania, thus making it the largest network of supermarkets.

  • Stella Mare is a joint venture established by Milsped and Balfin Group in 2017. Stella Mare is representative of Maersk Line Company, the largest group of shipping containers in the world, offering its services in Albania.

  • SmartPoint, established in 2017, operates in the field of electronic commerce, dedicated to the sale of smart devices, telecommunication services, value added and after sales services.

  • Skopje East Gate (SEG), established in 2017, it’s a project with an investment of about 350 million euros. This project will include 10 blocks of residential complexes, 5 building blocks for business purposes and a shopping center with over 250 stores with world-famous brands.

  • Established in 2018, Balfin Real Estate is a real estate company offering premium properties to Albanian and international buyers.

  • On 2018, Balfin Group acquired “Dyqan Taxi”, the largest online retailer in Albania.

  • NewCo Ferronikeli, the largest exporter of Kosovo and one of the largest producers of Nickel in Europe was acquired by Balfin Group in 2018.

  • Established in 1996, Tirana Bank, the first private Bank in Albania became part of Balfin Group in 2018.



 
 
 
 
 
 
 
News
Publication in Monitor magazine
In the last number of the prestigious "Monitor" magazine, which addresses important issues on the economy, business and the market, a special space was dedicated to Tirana Bank. In the "Special" section, was published an Interview of the banks’ CEO Mr. Dritan Mustafa regarding an analysis of ...
NOTICE TO CUSTOMERS
Dear customers, Following the official Holiday Calendar of the Bank of Albania, we want to inform you that: Friday, November 30, 2018, will be a holiday for all branches of Tirana Bank except for the  Agencies of City Park, Kapshtica and Kakavija. We wish you a cheerful holidays!...
Donation for the families in need
In the framework of the "World Day Against Hunger", Tirana Bank in cooperation with Spar Albania and with the support of the Albanian Red Cross, prepared 100 baskets of basic food supplies for the families in need in Tirana area. Tha packages distribution took place in Tirana Branch Red Cross ...
New Terms & Conditions for Businesses, in force from 05.11.2018
You can compare the current Terms & Conditions with the new ones by the highlighted changes in yellow. ...
Tirana Bank employees donate blood
Every blood drop is valuable! Under this slogan, on October 10th, Tirana Bank employees joined the humanitarian blood donation initiative in collaboration with the Albanian Red Cross. Gratitude and respect for all those who donated, for this noble act and the 10 years tradition build within our ba...
Meeting with Tirana Region branches staff - Analysis of Retail Business Results
The meeting of September 17, 2018 that took place in the premises of Mak Albania Hotel, brought together Retail Division and Tirana Region Branches staff. Main topics addressed in this meeting were; Region’s results for the 8-month period of year 2018, regarding all performance indicators, th...
 
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