PASHA_BANK ANNUAL REPORT 2021

41 Annual Report 2021 PASHA Bank Asset‑Backed Security Issuances PASHA Bank Turkey became the leader in Turkish capital markets with Asset‑Backed Security issuances and realized total sales of TL 385 million in this area during the last two years. Behind this product which is tailored to customers, are multiple guarantee structure and attractive return opportunity for investors. Through these transactions the Bank not only provides financial sources for the real sector but also offers high return advantages to qualified investors with customized guarantees. With the purpose of developing the Private Sector Debt Instruments Market, PASHA Bank continued to issue Asset‑Backed Securities in 2021 with different terms through the Asset Financing Funds established in 2020 to intermediate in securitization transactions. By issuing 7 Asset‑backed Securities in 2021 for various industries and with different terms and conditions, PASHA Bank reached TL 296 million in issuance size and the Bank is determined to play an active role in bringing together the real sector and capital markets with its investor banking identity. Intermediating the issuance of two different companies operating in the agriculture and automotive sectors, which have a quality asset pool but do not have access to financing on favorable terms through such transactions, PASHA Bank has successfully concluded the process of obtaining funds through the capital markets. Particularly in the current market conditions, the Bank played a leading role in eliminating an important deficiency by taking its place as the leading institution in providing funds for the agricultural sector from the capital markets. PASHA Bank supports the increase of momentum of developed capital market transactions in Turkey and will continue intermediating in issuance of Asset‑Backed Securities to obtain funds for corporations in different sectors. Corporate Finance Transactions PASHA Bank provides services to leading corporate companies in terms of accessing the financing they need, with the most optimal model under the title of “Mergers and Acquisitions”. Advisory services are provided based on the needs of the companies, acting as an intermediary for financial and strategic partnerships or purchases and sales of assets. Under the investment banking area, PASHA Bank aims to participate in venture capital funds which especially invest in technology‑focused small companies with huge potential in our country. This way, the Bank is planning to support technological developments as well as gaining experience and know‑how to establish similar types of funds within the Bank in the future. With these types of ventures, the Bank aims to monitor new trends and companies with successful performances more closely and become an intermediary in their growth and gaining access to the global arena through investment banking operations. Recently, banks operating as technology‑intense service firms are critical in maintaining their presence. Hence, PASHA Bank stays close to technology‑focused firms and aims to develop new products and services for the Bank via these companies. PASHA Bank considers that such ecosystems that are being supported by all stakeholders in the society are useful for developing operations as well as providing contribution to the society. The Bank took the first steps within this framework by investing in two Venture Capital Funds, one established abroad and one being domestic.