Page 56 - BKT Annual Report 2024 EN

Consolidated statement of financial position as at 31 December 2024 Consolidated statement of profit or loss and other comprehensive income for the year ended 31 December
(Amounts in USD) (Amounts in USD)

Notes 31 December 2024 31 December 2023 Year ended 31 Year ended 31
Notes
Assets December 2024 December 2023
Cash and balances with Central Bank 7 677,670,397 676,805,203 Interest
Placement and balances with banks 8 337,777,101 342,462,320 Interest income 25 290,658,382 243,107,603
Interest expense 26 (68,141,397) (50,122,934)
Investment securities 9 3,655,250,131 3,416,247,364
Net interest margin 222,516,985 192,984,669
Loans to banks 10 138,812,046 134,830,538
Loans to customers 11 1,909,046,482 1,694,028,984
Non-interest income, net
Investment in associates 12 738,255 934,512
Fees and commissions, net 27 38,739,512 33,775,264
Property and equipment 13 44,075,820 43,567,945 Foreign exchange revaluation, net 28 397,490 (14,175,863)
Intangible assets 14 15,074,861 13,821,035 Foreign exchange trading activities income, net 8,739,896 5,295,526
Right of use asset 15 15,211,167 15,263,559 Securities trading gain, net 4,903,787 34,090
Deferred tax assets 20 9,091,229 11,339,037 Other (expense) / income, net 29 (1,985,338) 1,094,394
Other assets 16 52,926,766 59,360,383 Total non-interest income, net 50,795,347 26,023,411
Total assets 6,855,674,255 6,408,660,880
Operating expenses
Liabilities and shareholder’s equity Personnel expenses 30 (46,188,101) (37,516,591)
Liabilities Administrative expenses 31 (62,933,171) (51,487,777)
Depreciation and amortization 13,14,15 (14,531,971) (11,318,155)
Customer deposits 17 5,747,654,883 5,479,014,067
Total operating expenses (123,653,243) (100,322,523)
Due to banks and financial institutions 18 236,967,285 159,424,037
Due to third parties 19 3,812,079 8,138,846
Impairment losses on loans to customers 11 (3,398,517) 5,369,981
Accruals and other liabilities 21 27,789,439 24,657,661 Impairment losses on financial assets, other than loans to customers 32 (4,070,884) (18,405,243)
Lease Liability 15 13,955,175 14,182,808
Debt securities issued 22 63,543,076 34,072,463 Profit before taxes 142,189,688 105,650,295
Subordinated debt 23 49,096,696 52,182,032
Total liabilities 6,142,818,633 5,771,671,914 Income tax 33 (20,507,413) (14,787,765)

Shareholder’s equity Net profit for the year 121,682,275 90,862,530
Share capital 24 350,000,000 300,000,000
Foreign currency translation differences (1,904,175) 5,028,839
Legal reserve 24 76,742,114 72,819,171
Translation reserve 24 (1,904,175) 5,028,839
Net change in fair value reserves and impairment of FVOCI 15,056,476 22,022,625
Fair value reserve and impairment of FVOCI 24 8,985,288 (6,071,188)
Retained earnings 24 279,032,395 265,212,144
Other comprehensive income/ (expense) for the year, net of
Total shareholder’s equity 712,855,622 636,988,966 income tax 13,152,301 27,051,464
Total liabilities and shareholder’s equity 6,855,674,255 6,408,660,880
Total comprehensive income for the year 134,834,576 117,913,994

The consolidated statement of financial position is to be read in conjunction with the notes to and forming part of the consolidated
financial statements set out on pages 6 to 75. 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 75.
The consolidated financial statements were authorised for release by the Board of Directors on 22 January 2025 and signed on its
behalf by:

SEYHAN PENCABLIGİL SKËNDER EMINI
CEO and Board Member Head of Finance Group

01 BANKA KOMBËTARE TREGTARE