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) Unconsolidated Income Statement For the Year Ended 31 December 2021 III. STATEMENT OF PROFIT OR LOSS INCOME STATEMENT Note Current Period 31/12/2021 Prior Period 31/12/2020 I. INTEREST INCOME (5.4.1) 219,309 129,745 1.1 Interest on Loans 175,815 107,605 1.2 Interest Received From Reserve Deposits 1,951 149 1.3 Interest Received From Banks 792 871 1.4 Interest Received From Money Market Transactions 4,528 3,401 1.5 Interest Received From Marketable Securities Portfolio 18,027 11,027 1.5.1 Financial assets at fair value through profit or loss - - 1.5.2 Financial Assets at Fair Value Through Other Comprehensive Income 3,925 2,318 1.5.3 Financial Assets Measured at Amortised Cost 14,102 8,709 1.6 Finance Lease Income 18,187 6,692 1.7 Other Interest Income 9 - II. INTEREST EXPENSES (-) (5.4.2) 106,394 53,853 2.1 Interest on Deposits - - 2.2 Interest on Funds Borrowed 56,267 28,006 2.3 Interest on Money Market Transactions 6,277 1,813 2.4 Interest on Securities Issued 39,854 22,706 2.5 Finance Lease Expense 54 24 2.6 Other Interest Expenses (5.4.12) 3,942 1,304 III. NET INTEREST INCOME/EXPENSE (I - II) 112,915 75,892 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 10,285 4,186 4.1 Fees and Commissions Received 15,431 5,923 4.1.1 Non-cash loans 3,927 3,585 4.1.2 Other (5.4.12) 11,504 2,338 4.2 Fees and Commissions Paid (-) 5,146 1,737 4.2.1 Non-Cash Loans 428 464 4.2.2 Other (5.4.12) 4,718 1,273 V DIVIDEND INCOME (5.4.3) - - VI. TRADING PROFIT/LOSS (Net) (5.4.4) 20,516 5,476 6.1 Profit/Losses From Capital Market Transactions 3,158 - 6.2 Profit/Losses From Derivative Financial Transactions 30,262 5,207 6.3 Foreign Exchange Profit/Losses (12,904) 269 VII. OTHER OPERATING INCOME (5.4.5) 11,155 9,065 VIII. GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII) 154,871 94,619 IX. ALLOWANCES FOR EXPECTED CREDIT LOSSES (-) (5.4.6) 37,459 4,520 X. OTHER PROVISION EXPENSES (-) (5.4.6) 100 28 XI. PERSONNEL EXPENSES (-) 28,442 24,265 XII. OTHER OPERATING EXPENSES (-) (5.4.7) 24,680 23,718 XIII. NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII) 64,190 42,088 XIV. SURPLUS WRITTEN AS GAIN AFTER MERGER - - XV. PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES - - XVI. NET MONETORY POSITION GAIN/LOSS - - XVII. PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS (XIII+...+XVI) (5.4.8) 64,190 42,088 XVIII. PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS (±) (5.4.9) 17,065 10,712 18.1 Current Tax Provision 15,635 8,744 18.2 Expense Effect Of Deferred Tax (+) 8,463 2,609 18.3 Income Effect Of Deferred Tax (-) 7,033 641 XIX. NET PROFIT/LOSS FROM CONTINUING OPERATIONS (XVII±XVIII) (5.4.10) 47,125 31,376 XX. INCOME FROM DISCONTINUED OPERATIONS - - 20.1 Income From Assets Held For Sale - - 20.2 Profit From Sale Of Associates, Subsidiaries And Joint Ventures - - 20.3 Other Income From Discontinued Operations - - XXI. EXPENSES FROM DISCONTINUED OPERATIONS (-) - - 21.1 Expenses On Assets Held For Sale - - 21.2 Losses From Sale Of Associates, Subsidiaries And Joint Ventures - - 21.3 Other Expenses From Discontinued Operations - - XXII. PROFIT/LOSS BEFORE TAXES FROM DISCONTINUED OPERATIONS (XX-XXI) (5.4.8) - - XXIII. TAX PROVISION FOR DISCONTINUED OPERATIONS (±) (5.4.9) - - 23.1 Current Tax Provision - - 23.2 Expense Effect Of Deferred Tax (+) - - 23.3 Income Effect Of Deferred Tax (-) - - XXIV. NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXII±XXIII) (5.4.10) - - XXV. NET PROFIT/LOSSES (XIX+XXIV) (5.4.11) 47,125 31,376 Profit/Loss Per Share (Expressed in exact TL) 0.0943 0.0628