Page 68 - Annual Report 2022

Banka Kombëtare Tregtare Annual Report 2022 6

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

1. General
Banka Kombetare Tregtare Sh.a. is a commercial bank offering a wide range of universal services. The consolidated financial
statements comprise the bank in Albania and in Kosovo and its associate Albania Leasing (together referred to as the “Bank”
“BKT” or the “Group”).
The Bank provides banking services to state and privately owned enterprises and to individuals. The main sources of funding for
the Bank are deposits, which are accepted in various forms including current accounts, demand and term deposits, in both Lek
and foreign currency. BKT offers a variety of corporate and consumer loans, Europay / MasterCard / Visa (“EMV”) – compliant
debit and credit cards, ATMs, sophisticated internet banking, mobile banking, on-line banking facilities, qualified international
banking services and various treasury products. It also invests in securities and takes part actively in the local and international
inter-bank markets.
BKT was established in its present legal form on 30 December 1992, although its first branch was opened on 30 November 1925.
BKT is subject to Law no. 8269 “On the Bank of Albania” dated December 1997 and Law no. 9662 “On Banks on the Republic
of Albania”, dated 18 December 2006.
Upon the Shareholder’s Decision dated 28 April 2022, the Bank created legal reserves of Lek 859,352 thousand (equivalent
of USD 7,523,659). Moreover, upon the Shareholder’s Decision dated 24 November 2022, the Bank decided to distribute Lek
5,618,000 thousand as dividends (equivalent of USD 50,000,000, using the exchange rate published by Bank of Albania as at 24
November 2022 - 112.36 Lek per USD), using part of the statutory net profit for the year ended December 31, 2021 and part of
the net profit of the year 2020. The remaining part of the net profit of the year 2021 was kept as retained earnings. The dividend
payment was suspended until 2022 end and is paid in February 2023 based on the respective decisions of the Supervisory
Council of Bank of Albania. Meanwhile, the suspended dividend payment during 2021 was paid in February 2022 following the
respective Bank of Albania decision.

As at 31 December 2022 and 31 December 2021, the registered share capital was USD 300,000,000.3 divided into 24,291,498
shares with a nominal value of USD 12.35, while the shareholding structure was as follows:

31 December 2022 31 December 2021
No. of shares Total in USD % No. of shares Total in USD %
Çalık Holding A.S. 24,291,498 300,000,000.3 100 24,291,498 300,000,000.3 100

The headquarters of BKT is located in Tirana. The network of the Bank in Albania includes 60 branches and 3 custom agencies.
Twenty-five branches are located in Tirana, and the other branches are located in Durres, Elbasan, Vlora, Shkodra, Fier, Pogradec,
Korca, Bilisht, Gjirokastra, Delvina, Saranda, Orikum, Berat, Kucova, Lushnja, Librazhd, Peqin, Rrogozhina, Shkozet, Kavaja,
Vora, Kamza, Fushe Kruja, Lac, Lezha, Rreshen, Kukes, Peshkopi, Bushat, Koplik, Gramsh and Skrapar, followed by custom
agencies in Durrës Seaport, Rinas Airport and Corovoda.
The network in Kosovo includes 22 units. Seven units are located in Prishtina, and the other units are located in Prizren, Peja,
Gjilan, Ferizaj, Mitrovica, Gjakova, Vushtrri, Fushe Kosova, Podujeva, Drenas, Rahovec, Viti and Lipjan, Dheu i Bardhe, Prishtina
Airport and Skenderaj.
The Bank had 1,406 (31 December 2021: 1,333) employees as at 31 December 2022, out of which 427 (31 December 2021: 394)
employees belong to BKT Kosovo.
The average number of employees of the Bank for the period ended 31 December 2022 is 1,349 (31 December 2020: 1,326) out
of which 411 (31 December 2021: 391) employees belong to BKT Kosovo.