Page 64 - Annual Report 2022

Banka Kombëtare Tregtare Annual Report 2022 2

Banka Kombëtare Tregtare Sh.a.
Consolidated statement of profit or loss and other comprehensive
income for the year ended 31 December 2022 (Amounts in USD)

Year ended Year ended
Notes 31 December 2022 31 December 2021
Interest
Interest income 24 172,784,025 168,827,452
Interest expense 25 (29,597,962) (21,987,259)
Net interest margin 143,186,063 146,840,193

Non-interest income, net
Fees and commissions, net 26 29,130,738 26,819,308
Foreign exchange revaluation, net 27 (2,795,117) 3,765,189
Foreign exchange trading activities income, net 2,111,244 2,588,611
Securities trading gain, net 53,476,297 2,788,953
Other (expense) / income, net 28 5,833,191 5,132,099
Total non-interest income, net 87,756,353 41,094,160
Operating expenses
Personnel expenses 29 (27,683,420) (25,416,935)
Administrative expenses 30 (43,817,673) (39,938,158)
Depreciation and amortization 13,14,15 (9,378,577) (9,700,992)
Total operating expenses (80,879,670) (75,056,085)

Impairment losses on loans to customers 11 7,284,287 (4,020,610)
Impairment losses on financial assets, other than loans to
customers 31 (36,098,059) (1,017,690)

Profit before taxes 121,248,974 107,839,968
Income tax 32 (15,933,697) (14,747,072)

Net profit for the year 105,315,277 93,092,896
Foreign currency translation differences 6,540,795 (7,844,129)

Net change in fair value reserves and impairment of FVOCI (72,636,653) (24,286,153)
Other comprehensive income / (expense) for the year, net
of income tax (66,095,858) (32,130,282)
Total comprehensive income for the year 39,219,419 60,962,614

The consolidated statement of profit or loss and comprehensive income is to be read in conjunction with the notes to and
forming part of the consolidated financial statements set out on pages 6 to 89.