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) f. Information on the Bank’s income, profitability, prior period indicators on liquidity and uncertainty on these indicators and their potential effects on the Bank’s capital The Bank considers there is no uncertainty regarding the prior period income, profitability and liquidity indicators, therefore the Bank does not foresee an effect on capital. g. Summary information about privileged shares representing the capital None (31 December 2020 - None). h. Information on marketable securities value increase fund Current Period Prior Period LC FC LC FC From investment and associates, subsidiaries and joint ventures (business partners) - - - - Revaluation difference (2,911) - (96) - Foreign exchange difference - - - - Total (2,911) - (96) - III. EXPLANATIONS AND NOTES RELATED TO OFF-BALANCE SHEET ACCOUNTS 1. Information on off-balance sheet commitments a. The amount and type of irrevocable commitments Current Period Prior Period Forward asset purchase and sale commitments - 4,472 Forward deposit purchase and sale commitments - - Tax and fond liabilities from export commitment - - Other irrevocable commitments 15,388 17,961 Total 15,388 22,433 b. Type and amount of probable losses and obligations arising from off-balance sheet items The Bank, within the context of banking activities, undertakes certain commitments, consisting of letters of guarantee, acceptance credits, letters of credit and other guarantees. As of 31 December 2021, the Bank has no specific provision (31 December 2020 - None) and TL 6,820 (31 December 2020 - TL 9,539) provision for expected credit loss to the financial statements. i. Non-cash loans including guarantees, bank acceptances, collaterals and others that are accepted as financial commitments and other letter of credits Current Period Prior Period Letters of guarantee 305,087 291,819 Letters of credit 109,673 - Bank acceptances - - Other guarantees 317,729 40,807 Total 732,489 332,626