PASHA_BANK ANNUAL REPORT 2021

33 Annual Report 2021 PASHA Bank In accordance with our goals of the 2021‑2023 strategy, we continued system improvements in the first year of the strategy. In the second half of 2021, considering COVID‑19 pandemic, changes in the way we work due to the pandemic, digitalization, technological infrastructure, political, economic changes and collaborations in the Turkey‑Azerbaijan‑ Georgia triangle, we revisited PASHA Bank’s strategy and shared it with our employees. In 2021, we also worked on digital based platforms and projects that will support foreign trade in Azerbaijan‑Turkey eco‑system. We continued our technological investments as planned. In coordination with PASHA Holding, we conducted projects to expand our corporate values within the organization and human resources projects. We made continuous progress on automation in Risk Management, which is one of the issues that our group focuses on sensitively, and Risk Health Index areas. We have gone through a successful evaluation in risk culture, which is one of the keystones of PASHA Group and we were proud of our achievements in directing our investments and activities on processes and systems appropriately. As we say goodbye to 2021, I would like to express my gratitude to my devoted colleagues, customers, Members of the Board of Directors and shareholders for their contribution to our success. I wish 2022 will be a good year for our country. Sincerely yours, H. Cenk Eynehan CEO and Board Member Funding we allocate to renewable energy projects is a significant part of our balance sheet. Sustainability, as a growing trend in the world, is also important for our Bank. Sustainability