Page 41 - Annual Report 2022

2021
2022

inspections by regulatory bodies (BoA, the Deposit of loan customers, which are now identified and
Insurance Agency, the Tax Office), has also managed collected automatically in a real-time and more
the yearly affirmation process of the credit ratings efficient manner.
from JCR-ER Rating Agency, which assigned very
satisfactory ratings to the Bank in November 2022, Along with its main financial reporting, budgeting
affirming for the 14th time in a row its ratings on and control functions, the Finance Group has also
the Long-Term National Scale as ‘AAA (Alb)’, which endeavoured to deliver high-quality services with its
denotes the highest investment grade, along with a Support Services Department (SSD).
‘Stable’ outlook. In addition, during June 2022 the The Appraisals Unit, one of the units within SSD,
Group successfully handled the yearly review process along with its regular appraisal reports and opinions
of Quality Management System ISO 9001:2015 with managed the revaluation of all BKT collaterals, either
TUV Austria, by confirming the full application of the residential or commercial, totalling more than 4,000
respective standards in all the branches operating apartments, units, offices, dwellings and industrial
in Albania. buildings, according to the appraisal frequencies

In relation to its regular functions, Finance Group stated in the internal manuals and in compliance
managed the entire framework and concluded the with the requirements of BoA regulations and the
budgeting process for 2023, as well as contributed IFRS framework. In this regard, during 2022 the
to the formulation of long-term strategy and vision of number of appraisal reports and evaluation opinions
the Bank, under the guidance of Calik Holding and provided for BKT customers and staff collateral
the Board of Directors. requests increased by around 30%, considering
also the new EUR mortgage product launched and
During 2022, while executing its regular duties, the marketed by the Bank throughout the year.
Financial Control & Accounting Department was
also actively involved and collaborated closely in the In addition, during the year the Appraisal Unit
projects led by Risk Management Group, related to effectively concluded the recently introduced
the enhancement and maintenance of the insurance yearly performance evaluation of the Independent
and legal prepayments made by the bank on behalf Appraisers working with the Bank. Following the