Page 61 - Annual Report 2023
P. 61
ANNUAL REPORT 2023 61
OTHER BENEFITS
The Bank provides other benefits awarded on the basis of individual employment contracts and local market
practice. This includes but is not limited to the provision of financial allowances, fringe benefits and other
benefits, all of which are determined, calculated and paid in line with internal bank policies and procedures.
INCENTIVE SYSTEM FOR SENIOR EXECUTIVES
The Incentive System for Executives aims to guide the behavior and managerial actions towards reaching
the objectives set for the Bank’s strategy and in the Business plan and to reward the annual performance
assessed with a view to optimize the risk/return ratio.
This System is formalized through Performance Scorecards. Performance Scorecards include both KPIs of
financial nature and non-financial KPIs.
The bonus amount is attributed based on the evaluation of the results of the individual Performance Scorecard.
Remuneration Forms and Elements for the Board of Directors
Banka Kombëtare Tregtare Sh.a. (Albania). (every end of year) amount in (000’ALL)
Total value of remuneration awards Immediate/for the For past Periods
for the current fiscal year current period Year 2023 Year 2022
Fixed elements of remuneration
Cash/bonus 109,896 120,982
Shares
Others
Variable elements of reward
Cash/bonus 65,172 56,515
Shares
Others
Remuneration Forms and Elements for the Executive Directors
Banka Kombëtare Tregtare Sh.a. (Albania). (every end of year) amount in (000’ALL)
Total value of remuneration awards Immediate/for the For past Periods
for the current fiscal year current period Year 2023 Year 2022
Fixed elements of remuneration
Cash/bonus 144,274 202,909
Shares
Others
Variable elements of reward
Cash/bonus 123,793 111,632
Shares
Others
