PASHA_BANK ANNUAL REPORT 2021

17 Annual Report 2021 PASHA Bank Changes in Organization Structure Based on the Board of Directors’ resolution dated 17 December 2021, organizational structure of the Bank was reorganized and the following changes were realized within the scope of growth objectives anticipated at the strategic plan of 2021‑2023 period: Reorganization of Units directly reporting to CEO and of Deputies: · “Information Security” Unit and “Change and Project Management” Unit will be directly reporting to CEO through a Directorship position. · Position for the Deputy CEO in charge of operations was aborted. Finance, Operations and Administrative Affairs were consolidated to report to the same Deputy CEO. Reorganization of Units under Deputy CEO in charge of Marketing: · Marketing function was reorganized based on customer segment‑oriented approach as per our strategy, under three different unit organization as “Corporate Banking”, “Commercial Banking” and “Premium Banking”. The first two units will be reporting to the newly established “Corporate and Commercial Banking Director” position. Reorganization of Units under Deputy CEO in charge of Credits and Information Technologies: · “Information Technologies” function was restructured as “System and Network Management” Unit and “Core Banking and Application Management” Unit. Reorganization of Units under Deputy CEO in charge of Finance: · “Financial Planning, Control and Strategy” Unit was reorganized under two different units; “Balance Sheet Management” Unit and “Reporting” Unit. These two units were restructured under “Finance” Directorship which reports directly to the same Deputy CEO, along with the “Accounting” Unit. “Administrative Affairs” Unit and “Operations” Unit will continue to report to the related Deputy CEO. Reorganization of Units under Deputy CEO in charge of Treasury: · A new Deputy CEO position was established to be in charge of Treasury, Financial Institutions and Investor Relations. These functions were structured under “Treasury and Investor Relations” Directorship to report to the same Deputy CEO. Financial Institutions and Investor Relations functions were organized as two separate units. Reorganization of Units under Audit Committee and Risk Management Committee: · “Internal Control” Unit and “Compliance” Unit which was previously reporting to Risk Management Committee was reorganized to report directly to the Audit Committee.