Page 117 - BKT Annual Report 2024 EN

Notes to the Consolidated Financial Statements for the year ended 31 December 2024 Notes to the Consolidated Financial Statements for the year ended 31 December 2024
(amounts in USD, unless otherwise stated) (amounts in USD, unless otherwise stated)

11. LOANS TO CUSTOMERS
f) Investment securities - measured at amortised cost (Held-to-maturity securities)
Held-to-maturity securities as of 31 December 2024 comprise as follows: Loans to customers consisted of the following:

Unamortized 31 December 2024 31 December 2023
Type Nominal Value Premium / Accrued interest Impairment Net Value Loans to customers, gross 1,958,189,878 1,744,795,259
(Discount)
Accrued interest 8,902,726 10,028,562
ALL denominated 1,007,582,219 10,536,476 16,386,979 (12,564,971) 1,021,940,703
Less allowances for impairment on loans (50,762,177) (54,577,751)
USD denominated 186,386,049 (1,244,495) 2,937,188 (2,023,947) 186,054,795
Less unamortized deferred fee income (7,283,945) (6,217,086)
EUR denominated 866,709,483 (28,131,240) 7,815,917 (1,575,346) 844,818,814
1,909,046,482 1,694,028,984
GBP denominated 36,353,066 (58,409) 731,713 107,785 37,134,155
CHF denominated 940,266 (96,711) 2,615 (297) 845,873
Movements in the allowance for impairment on loans:
2,097,971,083 (18,994,379) 27,874,412 (16,056,776) 2,090,794,340 31 December 2024 31 December 2023

At 1 January 54,577,751 57,612,141
Held-to-maturity securities as of 31 December 2023 comprise as follows: Impairment charge for the year, net 1,819,663 (5,369,981)
Unamortized Provision reversal of written off loans (3,732,926) (519,666)
Type Nominal Value Premium / Accrued interest Impairment Net Value Translation difference (1,902,311) 2,855,257
(Discount)
ALL denominated 1,028,111,561 (248,931) 16,258,924 (7,704,020) 1,036,417,534 At the end of the year 50,762,177 54,577,751
USD denominated 270,981,000 344,843 3,117,668 (3,263,487) 271,180,024
EUR denominated 839,967,779 (25,836,749) 6,729,300 (6,912,137) 813,948,193 All the loans are denominated in Lek, Euro and USD and bear interest at the following rates:
Loans in Lek 0.50% to 19.20%
GBP denominated 47,503,127 181,418 731,498 (13,996) 48,402,047
Loans in Euro 0.50% to 13.00%
CHF denominated 2,207,633 (151,879) 37,128 (1,223,284) 869,598
Loans in USD 5.31% to 10.76%
2,188,771,100 (25,711,298) 26,874,518 (19,116,924) 2,170,817,396
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:
10. LOANS TO BANKS
31 December 2024 31 December 2023
During 2024 the Bank has purchased syndicated loans of some non-resident banks and FIs as follows:
USD % USD %
31 December 2024 Wholesale and retail trade; repair of motor vehicles and
motorcycles 226,183,646 21% 228,867,300 24%
Principal Interest Impairment Total
Construction 177,333,482 17% 194,227,291 21%
USD denominated 38,000,000 581,337 (102,307) 38,479,030 Transportation and storage 91,854,951 9% 70,100,359 8%
Manufacturing 91,561,984 9% 68,295,540 6%
EUR denominated 100,249,196 519,140 (435,320) 100,333,016
Financial and insurance activities 81,241,393 8% 40,368,013 4%
138,249,196 1,100,477 (537,627) 138,812,046 Real estate activities 64,069,717 6% 56,960,851 6%
Electricity, gas, steam and air conditioning supply 61,582,636 6% 76,175,011 8%
Accommodation and food service activities 57,718,471 6% 49,056,607 5%
During 2023 the Bank has purchased syndicated loans of some non-resident banks and FIs as follows: Mining and Quarrying 45,688,573 5% 67,924,390 7%
Human health and social work activities 38,472,344 4% 8,808,155 1%
Agriculture, forestry and fishing 12,915,180 1% 20,354,479 2%
31 December 2023 Water supply; sewerage, waste management and remediation
activities 12,825,823 1% 14,948,498 2%
Principal Interest Impairment Total Education 10,660,955 1% 9,579,904 1%

USD denominated 26,142,857 468,741 (31,406) 26,580,192 Professional, scientific and technical activities 4,833,344 1% 3,355,241 1%
Administrative and support service sctivities 3,656,821 1% 2,150,687 1%
EUR denominated 108,644,577 1,093,349 (1,487,580) 108,250,346 Information and communication 3,246,192 1% 1,133,662 1%
134,787,434 1,562,090 (1,518,986) 134,830,538 Arts, entertainment and recreation 593,645 1% 552,906 0%
Public administration and defence; compulsory social security 434,670 1% 919,076 1%
Other service activities 6,656,161 1% 9,176,616 1%
991,529,988 100% 922,954,586 100%

ANNUAL REPORT 2024 62