PASHA_BANK ANNUAL REPORT 2021

63 Annual Report 2021 PASHA Bank Dear Shareholders, We thank each and every one of the shareholders participating in the 2021 Annual General Meeting of Shareholders of our Bank. Our bank completed its activities in 2021 with a 63% growth in asset size, our total assets reached TL 3,563 million, according to the audited unconsolidated financial statements for 2021, and the share of total cash loans and lease receivables constituted 68% of total assets. PASHA Bank’s total shareholders’ equity as of 31 December 2021 was TL 607 million. The increase in loans reflected positively on the results of 2021. The total cash, non‑cash loans and lease receivables of the Bank reached TL 2,422 million, rising by 62% compared to the previous year as a result of the prudent risk policies that were applied. The net profit for the period was recorded at TL 47 million. We have examined the Bank’s financial statements for the period of 1 January to 31 December 2021, and they do not contain any misstatements materially affecting the presentation of the information, and they accurately reflect the Bank’s financial position. PASHA Bank’s financial statements containing the operating results for 2021 are presented for your examination and approval in the attachment. We propose and submit to the General Assembly the approval of the audited, unconsolidated financial statements prepared as of 31 December 2021, and the release of our members of the Board of Directors individually. Regards, On Behalf of the Board of Directors Jalal Gasimov Chairman Summary of the Board of Directors’ Annual Report Submitted to the General Assembly