Page 136 - Annual Report 2022

Banka Kombëtare Tregtare Annual Report 2022 74

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

11. Loans to customers
Loans to customers consisted of the following:

31 December 2022 31 December 2021
Loans to customers, gross 1,439,309,110 1,376,515,254
Accrued interest 6,874,328 6,792,467
Less allowances for impairment on loans (57,612,141) (67,952,698)
Less unamortized deferred fee income (4,889,348) (4,756,688)
1,383,681,949 1,310,598,335
Movements in the allowance for impairment on loans:

31 December 2022 31 December 2021
At 1 January 67,952,698 70,691,386
Impairment charge for the year, net (7,284,287) 4,020,610
Provision reversal of written off loans (784,202) (2,856,381)
Translation difference (2,272,068) (3,902,917)
At the end of the year 57,612,141 67,952,698

All the loans are denominated in Lek, Euro and USD and bear interest at the following rates:
Loans in Lek 0.50% to 25.00%
Loans in Euro 0.50% to 13.00%
Loans in USD 3.09% to 9.00%
The Bank has granted few loans with interest rates at the minimum limit shown above, which are lower than the rates that are
generally offered by the Bank, and are covered by cash collaterals or are granted to personnel under special conditions.
The classification of business loans by industry is as follows:
31 December 2022 31 December 2021
USD % USD %
Construction 198,152,150 25% 189,319,911 21%
Wholesale and retail trade; repair of motor vehicles and motorcycles 196,940,601 24% 213,097,134 24%
Mining and Quarrying 80,912,355 10% 86,472,785 10%
Electricity, gas, steam and air conditioning supply 75,202,910 9% 82,414,448 9%
Manufacturing 66,804,441 7% 66,115,107 8%
Accommodation and food service activities 42,316,432 5% 41,016,523 5%
Financial and insurance activities 35,224,897 4% 42,918,600 5%
Transportation and storage 25,236,100 3% 11,977,308 1%
Agriculture, forestry and fishing 17,748,633 2% 17,159,117 2%
Water supply; sewerage, waste management and remediation
activities 14,578,051 2% 15,618,291 2%
Human health and social work activities 16,889,568 2% 10,784,520 1%
Education 10,136,931 1% 12,458,028 1%
Real estate activities 8,599,826 1% 1,867,261 1%
Administrative and support service sctivities 2,745,387 1% 2,839,159 1%
Professional, scientific and technical activities 1,738,311 1% 430,974 1%
Public administration and defence; compulsory social security 1,514,397 1% 2,258,000 1%
Information and communication 946,264 1% 39,235,598 5%
Arts, entertainment and recreation - 0% 5,380 1%
Other service activities 5,195,942 1% 7,383,597 1%
800,883,196 100% 843,371,741 100%