Page 127 - Annual Report 2023
P. 127
ANNUAL REPORT 2023 58
Notes to the Consolidated Financial Statements for the year ended 31 December 2023
(amounts in USD, unless otherwise stated)
2023 2022
Geographical Segments
Albania Kosovo Consolidated Albania Kosovo Consolidated
Interest
Interest income 192,337,893 50,769,710 243,107,603 134,598,824 38,185,201 172,784,025
- Intragroup transactions 669,460 5,634 - 237,646 6,797 -
Interest expense (38,047,207) (12,075,727) (50,122,934) (22,230,432) (7,367,530) (29,597,962)
- Intragroup transactions (5,634) (669,460) - (6,797) (237,646) -
Net interest margin 154,290,686 38,693,983 192,984,669 112,368,392 30,817,671 143,186,063
Non-interest income, net
Fees and commissions, net 24,043,064 9,732,200 33,775,264 20,508,477 8,622,261 29,130,738
Foreign exchange revaluation (14,407,428) 231,565 (14,175,863) (2,626,524) (168,593) (2,795,117)
gain, net
Foreign exchange trading 4,947,617 347,909 5,295,526 2,258,660 (147,416) 2,111,244
activities income, net
Securities trading gain, net (748,644) 782,734 34,090 51,408,983 2,067,314 53,476,297
Other (expense) / income, net 1,015,620 78,774 1,094,394 5,368,409 464,782 5,833,191
Total non-interest income, 14,850,229 11,173,182 26,023,411 76,918,005 10,838,348 87,756,353
net
Operating expenses
Personnel expenses (28,849,022) (8,667,569) (37,516,591) (21,186,835) (6,496,585) (27,683,420)
Administrative expenses (42,581,908) (8,905,869) (51,487,777) (36,288,922) (7,528,751) (43,817,673)
Depreciation and amortization (9,722,737) (1,595,418) (11,318,155) (7,876,562) (1,502,015) (9,378,577)
Total operating expenses (81,153,667) (19,168,856) (100,322,523) (65,352,319) (15,527,351) (80,879,670)
Impairment of loans 6,046,670 (676,689) 5,369,981 6,869,466 414,821 7,284,287
Impairment of other financial (15,461,484) (2,943,759) (18,405,243) (31,061,482) (5,036,577) (36,098,059)
instruments
Profit before taxes 78,572,434 27,077,861 105,650,295 99,742,062 21,506,912 121,248,974
Income tax (12,081,939) (2,705,826) (14,787,765) (14,122,786) (1,810,911) (15,933,697)
Net profit for the year 66,490,495 24,372,035 90,862,530 85,619,276 19,696,001 105,315,277
