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 EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) II. EXPLANATIONS AND NOTES RELATED TO LIABILITIES 1. Information on deposits The Bank has no deposits due to its nature as an investment bank. 2. Negative differences related to derivative financial liabilities Current Period Prior Period LC FC LC FC Forward transactions - - - - Swap transactions - 114 118 1,312 Futures transactions - - - - Options transactions - - - - Other - - - - Total - 114 118 1,312 3. Information on borrowings a. Information on banks and other financial institutions Current Period Prior Period LC FC LC FC Borrowings from the CBRT - - - - From domestic banks and institutions 40,053 98,068 40,304 50,155 From foreign banks, institutions and funds 50,894 1,187,037 52,225 660,540 Total 90,947 1,285,105 92,529 710,695 b. Information on maturity structure of borrowings Current Period Prior Period LC FC LC FC Short-term 90,947 535,169 92,529 282,362 Medium and long-term - 749,936 - 428,333 Total 90,947 1,285,105 92,529 710,695 c. Additional explanation related to the concentrations of the Bank’s major liabilities on the basis of concentrations, fund providing customers, sector groups and other criteria where risk concentration is observed The Bank funds its foreign currency assets mainly with medium and long term funds borrowed and debt securities issued. The Bank funds its local currency assets mainly with its capital, funds borrowed and debt securities issued. The Bank aims to have consistency on interest and maturities among assets and funding. 4. Money Market Funds As of 31 December 2021, the Bank have money market borrowings amounting to TL 105,023 through repo transaction and 100,500 through Takasbank transaction (31 December 2020 - TL 22,782 through repo transaction and TL 30,481 through Takasbank transaction)