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) 2. Information on interest expense a. Information on interest expense (1) Current Period Prior Period LC FC LC FC Banks 26,494 25,933 6,028 18,681 The Central Bank of Turkey - - - - Domestic Banks 1,666 152 158 166 Foreign Banks 24,828 25,781 5,870 18,515 Branches and offices abroad - - - - Other Institutions 3,840 - 3,297 - Total 30,334 25,933 9,325 18,681 (1) Commission expense for borrowings are also included. b. Information on interest expense given to investments in associates and subsidiaries None (31 December 2020 - None). c. Interest expense on issued marketable securities Current Period Prior Period LC FC LC FC Interest expense on securities issued 10,728 29,126 1,664 21,042 d. Maturity structure of the interest expense on deposits The Bank has no deposits due to its nature as an investment bank. 3. Information on dividend income None (31 December 2020 - None). 4. Information on trading income/loss (Net) Current Period Prior Period Income 1,837,420 589,412 Profit on trading account securities 3,159 - Profit on derivative financial transactions (1) 34,284 12,116 Foreign exchange gains 1,799,977 577,296 Loss (-) (1,816,904) (583,936) Losses on trading account securities (1) - Losses on derivative financial transactions (1) (4,022) (6,909) Foreign exchange losses (1,812,881) (577,027) Net Trading Income/Loss 20,516 5,476 (1) Due to the short maturity of derivative financial instruments held by the Bank, the major part of gains and loss from derivative financial transactions are resulted from changes in exchange rates.