Page 131 - Annual Report 2022

69 Banka Kombëtare Tregtare Annual Report 2022

Banka Kombëtare Tregtare Sh.a.
Notes to the Consolidated Financial Statements for the year ended
31 December 2022 (Amounts in USD, unless otherwise stated)

6. Segmental reporting (continued)

Geographical Segments 2022 2021
Albania Kosovo Consolidated Albania Kosovo Consolidated
Interest
Interest income 134,598,824 38,185,201 172,784,025 133,558,148 35,269,304 168,827,452
- Intragroup transactions 237,646 6,797 - 53,823 3,413 -
Interest expense (22,230,432) (7,367,530) (29,597,962) (15,098,781) (6,888,478) (21,987,259)
- Intragroup transactions (6,797) (237,646) - (3,413) (53,823) -
Net interest margin 112,368,392 30,817,671 143,186,063 118,459,367 28,380,826 146,840,193

Non-interest income, net
Fees and commissions, net 20,508,477 8,622,261 29,130,738 19,839,345 6,979,963 26,819,308
Foreign exchange revaluation gain, (2,626,524) (168,593) (2,795,117) 4,125,489 (360,300) 3,765,189
net
Foreign exchange trading activities 2,258,660 (147,416) 2,111,244 2,001,077 587,534 2,588,611
income, net
Securities trading gain, net 51,408,983 2,067,314 53,476,297 927,003 1,861,950 2,788,953
Other (expense) / income, net 5,368,409 464,782 5,833,191 4,236,438 895,661 5,132,099
Total non-interest income, net 76,918,005 10,838,348 87,756,353 31,129,352 9,964,808 41,094,160

Operating expenses
Personnel expenses (21,186,835) (6,496,585) (27,683,420) (19,002,207) (6,414,728) (25,416,935)
Administrative expenses (36,288,922) (7,528,751) (43,817,673) (32,861,866) (7,076,292) (39,938,158)
Depreciation and amortization (7,876,562) (1,502,015) (9,378,577) (7,914,321) (1,786,671) (9,700,992)
Total operating expenses (65,352,319) (15,527,351) (80,879,670) (59,778,394) (15,277,691) (75,056,085)

Impairment of loans 6,869,466 414,821 7,284,287 (2,335,972) (1,684,638) (4,020,610)
Impairment of other financial (31,061,482) (5,036,577) (36,098,059) (285,621) (732,069) (1,017,690)
instruments

Profit before taxes 99,742,062 21,506,912 121,248,974 87,188,732 20,651,236 107,839,968
Income tax (14,122,786) (1,810,911) (15,933,697) (12,765,727) (1,981,345) (14,747,072)
Net profit for the year 85,619,276 19,696,001 105,315,277 74,423,005 18,669,891 93,092,896