Page 132 - Annual Report 2023

63 BANKA KOMBËTARE TREGTARE
Notes to the Consolidated Financial Statements for the year ended 31 December 2023
(amounts in USD, unless otherwise stated)

11. LOANS TO CUSTOMERS

Loans to customers consisted of the following:

31 December 2023 31 December 2022
Loans to customers, gross 1,744,795,259 1,439,309,110
Accrued interest 10,028,562 6,874,328
Less allowances for impairment on loans (54,577,751) (57,612,141)
Less unamortized deferred fee income (6,217,086) (4,889,348)
1,694,028,984 1,383,681,949

Movements in the allowance for impairment on loans:
31 December 2023 31 December 2022
At 1 January 57,612,141 67,952,698
Impairment charge for the year, net (5,369,981) (7,284,287)
Provision reversal of written off loans (519,666) (784,202)
Translation difference 2,855,257 (2,272,068)
At the end of the year 54,577,751 57,612,141

All the loans are denominated in Lek, Euro and USD and bear interest at the following rates:
Loans in Lek 0.50% to 25.00%
Loans in Euro 0.50% to 19.60%
Loans in USD 4.00% to 11.47%
The Bank has granted few loans with interest rates at the minimum limit shown above, which are lower than the rates that are generally
offered by the Bank, and are covered by cash collaterals or are granted to personnel under special conditions.
The classification of business loans by industry is as follows:

31 December 2023 31 December 2022
USD % USD %
Wholesale and retail trade; repair of motor vehicles and 228,867,300 24% 196,940,601 24%
motorcycles
Construction 194,227,291 20% 198,152,150 25%
Electricity, gas, steam and air conditioning supply 76,175,011 8% 75,202,910 9%
Transportation and storage 70,100,359 7% 25,236,100 3%
Mining and Quarrying 68,295,540 7% 80,912,355 10%
Manufacturing 67,924,390 7% 66,804,441 7%
Real estate activities 56,960,851 6% 8,599,826 1%
Accommodation and food service activities 49,056,607 5% 42,316,432 5%
Financial and insurance activities 40,368,013 4% 35,224,897 4%
Agriculture, forestry and fishing 20,354,479 2% 17,748,633 2%
Water supply; sewerage, waste management and remediation 14,948,498 2% 14,578,051 2%
activities
Human health and social work activities 9,579,904 1% 16,889,568 2%
Education 9,176,616 1% 10,136,931 1%
Other service activities 8,808,155 1% 5,195,942 1%
Administrative and support service sctivities 3,355,241 1% 2,745,387 1%
Professional, scientific and technical activities 2,150,687 1% 1,738,311 1%
Public administration and defence; compulsory social security 1,133,662 1% 1,514,397 1%
Information and communication 919,076 1% 946,264 1%
Arts, entertainment and recreation 552,906 1% - 0%
922,954,586 100% 800,883,196 100%