Page 94 - Annual Report 2023

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

Fair values
The table below sets out the carrying amounts and fair values of the financial assets and liabilities and analyses financial instruments
measured at fair value at the end of the reporting period, by the level in the fair value hierarchy into which the fair value measurement
is categorised:

Carrying Amount Fair Value

31 December 2023 Note Level 1 Level 2 Level 3 Total
Placement and balances with 8 342,462,320 - 342,462,320 - 342,462,320
banks
Treasury bills 9 136,864,848 - 136,918,438 - 136,918,438

Trading and available-for-sale 10 1,108,565,120 948,148,904 160,416,216 - 1,108,565,120
securities
Held-to-maturity securities 11 2,170,817,396 1,099,563,287 1,045,051,662 - 2,144,614,949

Loans to banks 12 134,830,538 - 134,830,538 - 134,830,538
Loans to customers 13 1,694,028,984 - - 1,694,028,984 1,694,028,984

Total financial assets 5,587,569,206 2,047,712,191 1,819,679,174 1,694,028,984 5,561,420,349
Customer deposits 18 5,479,014,067 - - 5,479,014,067 5,479,014,067
Due to banks and financial 19 159,424,037 - 159,424,037 - 159,424,037
institutions
Debt securities issued 22 34,072,463 - 34,072,463 - 34,072,463
Subordinated debt 23 52,182,032 - 52,182,032 - 52,182,032

Total financial liabilities 5,724,692,599 - 245,678,532 5,479,014,067 5,724,692,599
31 December 2022 Note Carrying Amount Level 1 Level 2 Level 3 Total

Placement and balances with 8 473,902,012 - 473,902,012 - 473,902,012
banks
Treasury bills 9 226,996,072 - 226,996,072 - 226,996,072

Trading and available-for-sale 10 986,499,726 758,546,493 227,953,233 - 986,499,726
securities
Held-to-maturity securities 11 1,698,295,580 793,952,719 791,065,070 - 1,585,017,789

Loans to banks 12 145,894,324 - 145,894,324 - 145,894,324
Loans to customers 13 1,383,681,949 - - 1,383,681,949 1,383,681,949
Total financial assets 4,915,269,663 1,552,499,212 1,865,810,711 1,383,681,949 4,801,991,872

Customer deposits 18 4,591,435,866 - - 4,591,435,866 4,591,435,866
Due to banks and financial 19 305,784,334 - 305,784,334 - 305,784,334
institutions

Subordinated debt 23 50,319,179 - 50,319,179 - 50,319,179
Total financial liabilities 4,947,539,379 - 356,103,513 4,591,435,866 4,947,539,379

The fair value of foreign exchange contracts approximates their carrying amount, which is disclosed in Notes 16 and 21. The Fair value of loan to
customers and customer deposits approximates to their carrying value either due to interest rates approximating the market rates or due to short term
maturities.