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. Other provisions are explained if they exceed 10% of the total provision balance Other provisions amount of TL 7,800 (31 December 2020 - TL 7,250 bonuses and ongoing lawsuits) is comprising of provisions for bonuses and ongoing lawsuits. iii. Obligations related to employee rights In accordance with Turkish Labour Law, the reserve has been calculated by estimating the present value of the future probable obligation of the Bank arising from the retirement of its employees. The movement of employee termination benefits is shown below Current Period Prior Period Balance at the Beginning of the Period 226 152 Provisions Recognised During the Period 29 74 Balance at the end of the period 255 226 In addition, as of 31 December 2021, the Bank have unused vacation provision of TL 734 (31 December 2020 - TL 582). 10. Information on taxes payable: a. Information on current year tax liability i. Information on tax provision The Bank recognized TL 5,275 as current tax liability as of 31 December 2021 (31 December 2020 - TL 2,377). ii. Information on taxes payable Current Period Prior Period Corporate Tax Payable 5,275 2,377 Taxation on Marketable Securities 187 10 Property Tax 1 - Banking Insurance Transaction Tax 1,767 682 Foreign Exchange Transaction Tax 22 - Value Added Tax Payable 329 78 Other 571 388 Total 8,152 3,535