PASHA_BANK ANNUAL REPORT 2021

(Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) PASHA Yatırım Bank A.Ş. The accompanying notes are an integral part of these financial statements General Information Remarks on Financial Information and Risk Management Information on Management and Corporate Governance Practices (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) SECTION TWO UNCONSOLIDATED FINANCIAL STATEMENTS I. BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) Current Period 31/12/2021 Prior Period 31/12/2020 ASSETS Note LC FC Total LC FC Total I. FINANCIAL ASSETS (Net) 77,046 501,397 578,443 64,098 273,939 338,037 1.1 Cash and cash equivalents 10,078 483,120 493,198 31,283 268,006 299,289 1.1.1 Cash and balances at Central Bank (5.1.1) 7,592 276,177 283,769 6,083 149,017 155,100 1.1.2 Banks (5.1.3) 2,967 206,943 209,910 2,522 118,989 121,511 1.1.3 Receivables from money markets - - - 23,011 - 23,011 1.1.4 Allowance for expected credit losses (-) (481) - (481) (333) - (333) 1.2 Financial assets at fair value through profit or loss (5.1.2) 2,679 18,277 20,956 1,472 5,933 7,405 1.2.1 Public debt securities - - - - - - 1.2.2 Equity instruments - 18,277 18,277 - 5,933 5,933 1.2.3 Other financial assets 2,679 - 2,679 1,472 - 1,472 1.3 Financial assets at fair value through other comprehensive income (5.1.4) 50,685 - 50,685 30,850 - 30,850 1.3.1 Public debt securities 39,205 - 39,205 14,039 - 14,039 1.3.2 Equity instruments 7,659 - 7,659 7,659 - 7,659 1.3.3 Other financial assets 3,821 - 3,821 9,152 - 9,152 1.4 Derivative financial assets 13,604 - 13,604 493 - 493 1.4.1 Derivative financial assets at fair value through profit or loss (5.1.2) 13,604 - 13,604 493 - 493 1.4.2 Derivative financial assets at fair value through other comprehensive income (5.1.11) - - - - - - II. FINANCIAL ASSETS MEASURED AT AMORTİSED COST (Net) 677,541 2,030,857 2,708,398 419,389 1,146,377 1,565,766 2.1 Loans (5.1.5) 663,192 1,553,258 2,216,450 404,170 980,596 1,384,766 2.2 Receivables from leasing transactions (5.1.10) 88,824 117,178 206,002 57,377 50,792 108,169 2.3 Factoring receivables - - - - - - 2.4 Financial assets measured at amortised cost (5.1.6) - 361,103 361,103 - 116,776 116,776 2.4.1 Public debt securities - 189,860 189,860 - 45,092 45,092 2.4.2 Other financial assets - 171,243 171,243 - 71,684 71,684 2.5 Allowance for expected credit losses (-) (5.1.5) (74,475) (682) (75,157) (42,158) (1,787) (43,945) III. NON-CURRENTS ASSETS OR DISPOSAL GROUPS HELD FOR SALE AND FROM DISCONTINUED OPERATIONS (Net) (5.1.16) - - - - - - 3.1 Held for sale - - - - - - 3.2 Held from discontinued operations - - - - - - IV. INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES - - - - - - 4.1 Investments in associates (Net) (5.1.7) - - - - - - 4.1.1 Associates accounted by using equity method - - - - - - 4.1.2 Non-consolidated associates - - - - - - 4.2 Investments in subsidiaries (Net) (5.1.8) - - - - - - 4.2.1 Non-consolidated financial subsidiaries - - - - - - 4.2.2 Non-consolidated non-financial subsidiaries - - - - - - 4.3 Jointly Controlled Partnerships (Joint Ventures) (Net) (5.1.9) - - - - - - 4.3.1 Jointly controlled partnerships accounted by using equity method - - - - - - 4.3.2 Non-consolidated jointly controlled partnerships - - - - - - V. TANGIBLE ASSETS (Net) (5.1.12) 87,982 - 87,982 88,878 - 88,878 VI. INTANGIBLE ASSETS AND GOODWILL (Net) (5.1.13) 7,784 - 7,784 6,849 - 6,849 6.1 Goodwill - - - - - - 6.2 Other 7,784 - 7,784 6,849 - 6,849 VII. INVESTMENT PROPERTIES (Net) (5.1.14) 143,910 - 143,910 144,862 - 144,862 VIII. CURRENT TAX ASSETS 483 - 483 632 - 632 IX. DEFERRED TAX ASSETS (5.1.15) 13,020 - 13,020 13,746 - 13,746 X. OTHER ASSETS (Net) (5.1.17) 22,505 28 22,533 20,639 - 20,639 TOTAL ASSETS 1,030,271 2,532,282 3,562,553 759,093 1,420,316 2,179,409 Unconsolidated Financial Statements At 31 December 2021