Page 75 - Annual Report 2023

ANNUAL REPORT 2023 6
Notes to the Consolidated Financial Statements for the year ended 31 December 2023
(amounts in USD, unless otherwise stated)

1. GENERAL
Banka Kombetare Tregtare Sh.a. is a commercial bank offering a wide range of universal services. The consolidated financial statements
comprise the bank in Albania, Kosovo BKT Pay and its associate Albania Leasing (together referred to as the “Bank” “BKT” or the
“Group”).
The Bank provides banking services to state and privately owned enterprises and to individuals. The main sources of funding for the
Bank are deposits, which are accepted in various forms including current accounts, demand and term deposits, in both Lek and
foreign currency. BKT offers a variety of corporate and consumer loans, Europay / MasterCard / Visa (“EMV”) – compliant debit and
credit cards, ATMs, sophisticated internet banking, mobile banking, on-line banking facilities, qualified international banking services
and various treasury products. It also invests in securities and takes part actively in the local and international inter-bank markets.
BKT was established in its present legal form on 30 December 1992, although its first branch was opened on 30 November 1925.

BKT is subject to Law no. 8269 “On the Bank of Albania” dated December 1997 and Law no. 9662 “On Banks on the Republic of
Albania”, dated 18 December 2006.

Upon the Shareholder’s Decision dated 30 March 2023, the Bank created legal reserves of Lek 407,586 thousand (equivalent of USD
3,906,700) and decided to distribute Lek 5,216,500 thousand as dividends (equivalent of USD 50,000,000, using the exchange rate
published by Bank of Albania as at 30 March 2023 - 104.33 Lek per USD), using part of the statutory net profit for the year ended
December 31, 2022 and part of the net profit of the year 2021. The remaining part of the net profit of the year 2022 was kept as retained
earnings. The dividend was paid in May 2023. Meanwhile, the suspended dividend payment during 2022 was paid in February 2023
following the respective Bank of Albania decision.

As at 31 December 2023 and 31 December 2022, the registered share capital was USD 300,000,000.3 divided into 24,291,498 shares
with a nominal value of USD 12.35, while the shareholding structure was as follows:

31 December 2023 31 December 2022

No. of shares Total in USD % No. of shares Total in USD %

Calik Holding A.S. 24,291,498 300,000,000.3 100 24,291,498 300,000,000.3 100

The headquarters of BKT is located in Tirana. The network of the Bank in Albania includes 60 branches and 3 custom agencies.
Twenty-five branches are located in Tirana, and the other branches are located in Durres, Elbasan, Vlora, Shkodra, Fier, Pogradec,
Korca, Bilisht, Gjirokastra, Delvina, Saranda, Orikum, Berat, Kucova, Lushnja, Librazhd, Peqin, Rrogozhina, Shkozet, Kavaja, Vora,
Kamza, Fushe Kruja, Lac, Lezha, Rreshen, Kukes, Peshkopi, Bushat, Koplik, Gramsh and Skrapar, followed by custom agencies in
Durrës Seaport, Rinas Airport and Corovoda.

The network in Kosovo includes 22 units. Seven units are located in Prishtina, and the other units are located in Prizren, Peja, Gjilan,
Ferizaj, Mitrovica, Gjakova, Vushtrri, Fushe Kosova, Podujeva, Drenas, Rahovec, Viti and Lipjan, Dheu i Bardhe, Prishtina Airport and
Skenderaj.

The Bank had 1,516 (31 December 2022: 1,406) employees as at 31 December 2023, out of which 466 (31 December 2022: 427)
employees belong to BKT Kosovo.
The average number of employees of the Bank for the period ended 31 December 2023 is 1,448 (31 December 2022: 1,349) out of
which 447 (31 December 2022: 411) employees belong to BKT Kosovo.