PASHA_BANK ANNUAL REPORT 2021

(Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) PASHA Yatırım Bank A.Ş. Notes to Unconsolidated Financial Statements At 31 December 2021 General Information Remarks on Financial Information and Risk Management Information on Management and Corporate Governance Practices INFORMATION RELATED TO UNCONSOLIDATED FINANCIAL POSITION AND RISK MANAGEMENT (Continued) Prior Period Up to 1 month 1-3 months 3-12 months 1-5 years Over 5 years Total Forward Transactions-Buy 2,246 - - - - 2,246 Forward Transactions-Sell (2,226) - - - - (2,226) Swap Transactions-Buy 36,653 57,797 - - - 94,450 Swap Transactions-Sell (36,465) (59,256) - - - (95,721) Futures Transactions-Buy - - - - - - Futures Transactions-Sell - - - - - - Options-Buy - - - - - - Options-Sell - - - - - - Other - - - - - - Total 208 (1,459) - - - (1,251) VII. EXPLANATIONS ON LEVERAGE RATIO Unconsolidated leverage ratio was realized as 14.8% (31 December 2020 - 21.1%). The increase occurred in the on-balance sheet assets and off-balance sheet transactions led to a change in leverage compared to the previous period. Regulation has been linked to the provision of the minimum leverage ratio of 3%. Current Period (1) Prior Period (1) Asset On The Balance Sheet Assets on the balance sheet (excluding derivative financial instruments and loan derivatives, including collaterals) 3,319,383 2,220,580 (Assets deducted from core capital) (6,925) (5,665) Total risk amount for assets on the balance sheet 3,312,458 2,214,915 Derivative Financial Instruments and Loan Derivatives Renewal cost of derivative financial instruments and loan derivatives - 174 Potential credit risk amount of derivative financial instruments and loan derivatives 9,952 745 Total risk amount of derivative financial instruments and loan derivatives 9,952 919 Financing Transactions With Securities Or Goods Warranties Risk amount of financial transactions with securities or goods warranties (excluding those in the balance sheet) 28,255 10,410 Risk amount arising from intermediated transactions - - Total risk amount of financing transactions with securities or goods warranties 28,255 10,410 Off-the-Balance Sheet Transactions Gross nominal amount of the off-the-balance sheet transactions 699,957 413,523 Adjustment amount arising from multiplying by the credit conversion rate - - Total risk amount for off-the-balance sheet transactions 699,957 413,523 Capital and Total Risk Core capital 601,044 556,771 Total risk amount 4,050,622 2,639,767 Leverage Ratio Leverage ratio 14.8% 21.1% (1) Arithmetic average of last three months including reporting period.