Page 131 - BKT Annual Report 2024 EN

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

Balances and transactions with directors and executive officers
The remuneration of directors and executive officers is included in personnel expenses. It can be detailed as follows:

Year ended Year ended
31 December 2024 31 December 2023
Directors 2,754,033 2,211,260
Executive officers 4,059,036 4,031,046
6,813,069 6,242,306

As of 31 December 2024, the total deposits of directors held with the Bank were USD 1,406,213 (31 December 2023: USD 4,418,573),
while the outstanding loans granted to directors were USD 1,199,511 (31 December 2023: USD 1,054,164).

35. CONTINGENCIES AND COMMITMENTS

Guarantees and letters of credit
INFORMATION ABOUT THE BANKING GROUP
31 December 2024 31 December 2023

Guarantees in favour of customers 77,953,274 93,129,123 Parent Institution
Banka Kombëtare Tregtare Sh.A. (Joint Stock Company)
Guarantees received from credit institutions 23,934,683 45,211,250
Address: Rruga e Vilave, Lundër 1, 1045, Tirana, Albania
Letters of credit issued to customers 7,279,725 10,025,513
Composition of the BKT Banking Group
Guarantees and letters of credit issued in favour of customers mostly are counter guaranteed by other financial institutions or fully cash Banka Kombëtare Tregtare Sh.A. (Joint Stock Company)
collateralised. Address: Rruga e Vilave, Lundër 1, 1045, Tirana, Albania
The Bank operates as an agent of the Government in the administration and implementation of certain loans to state owned entities
utilising credit lines received from international donors. These donors have received individual guarantees from the Government of BKT Pay Sh.A. (Joint Stock Company)
Albania to cover the reimbursement of their lines of credit. Address: Rreshit Çollaku Street, two-storey building, cadastral zone 8380,
Property number: 6/340, Tirana, Albania

Other
Banka Kombëtare Tregtare Kosovo Sh.A. (Joint Stock Company)
31 December 2024 31 December 2023 Address: Ukshin Hoti Street, No. 29, Pejton Neighborhood, Pristina, Kosovo
Undrawn credit commitments 272,805,545 290,078,945
Outstanding cheques of non-resident banks 307,628 326,566
Spot foreign currency contract 94,943,828 128,493,054

Collaterals for loan portfolio 5,193,270,708 4,654,093,419
Securities pledged as collateral (note 19) 227,990,707 145,749,308
Interest Rate Swaps 98,920,539 103,994,039

Legal
In the normal course of business, the Bank is presented with legal claims and litigation; the Bank’s management is of the opinion that
no material losses will be incurred in relation to legal claims outstanding as of 31 December 2024.

36. SUBSEQUENT EVENTS

There are no other subsequent events that would require either adjustments or other additional disclosures in
the financial statements.

ANNUAL REPORT 2024 76