Page 144 - BKT Annual Report 2023 EN

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

Balances and transactions with related parties

31 December 2023 31 December 2022
Assets
Placement and balances with banks:
Current accounts with Aktifbank 88,410 112,198
Placements with Aktifbank - 14,940,217
Loans to Banks 14,371,583 -
Investment Securities with Calik Holding 26,334,823 18,892,512
Loans to customers:
ArkEstate 14,404,069 5,568,248
Total assets 55,198,885 39,513,175

Liabilities
Due to banks and financial institutions:
Borrowings from Aktifbank 10,762,697 15,080,244
Customer deposits:
Albania Leasing 71,825 79,420
Calik Pamuk Dogal Vesen El Tic As 111,013 -
Calik Elektrik Dagitim A.S And Calik Enerji A.S. Consortium 12 -
KEDS / KESCO 11,700,522 19,057,455
Calik Holding 15,041,883 -
Other Liabilities:
Dividend Payable to Calik Holding - 50,000,000
Total liabilities 37,687,952 84,217,119

2023 2022
Statement of comprehensive income
Interest income from:
Albania Leasing - 6
Aktifbank 371,583 586,900
Calik Holding 3,021,297 372,862
ArkEstate 647,965 3,272

Interest expenses for:
Aktifbank (77,999) (150,992)
Calik Holding (362,056) -

Fees and commissions:
Albania Leasing 4,107 3,707
KEDS / KESCO 42,817 35,204

Operating expenses:
Calik Holding and Aktif Tech (1,128,772) (514,144)
Net 2,518,942 336,815

Balances and transactions with directors and executive officers
The remuneration of directors and executive officers is included in personnel expenses. It can be detailed as follows:

Year ended Year ended
31 December 2023 31 December 2022
Directors 2,211,260 2,004,327
Executive officers 4,031,046 4,358,157
6,242,306 6,362,484

As at 31 December 2023, the total deposits of directors held with the Bank were USD 4,418,573 (31 December 2022: USD 4,495,731),
while the outstanding loans granted to directors were USD 1,054,164 (31 December 2022: USD 540,572).