PASHA_BANK ANNUAL REPORT 2021

67 Annual Report 2021 PASHA Bank A gross wage policy is implemented at our Bank, and our employees are provided with fringe benefits such as health and life insurance, meal cards, transportation, and mobile phones and vehicles (according to the requirements of their positions), and employee support program services. Employees and senior executives may receive fixed and performance‑based compensation in accordance with the Bank’s Remuneration Policy and Bonus Policy. The criteria for performance‑based compensation are determined by the Remuneration Policy and the Bonus Policy. Total amount of financial benefits provided to the members of the Board of Directors and senior management as of 31 December 2021, including salaries, allowances and bonuses was TL 11,307 thousand. In this context, total amount paid to members of the Board of Directors and senior management in accordance with the Bank’s remuneration policy and bonus policy is disclosed in the notes to unconsolidated financial statements as of 31 December 2021, and independent audit report Section 5 Note 7 under the ‘Information on benefits provided to senior management’ article of ‘Disclosures related with the risk group of the Bank’. The payments made to senior management by the Bank are disclosed to public in line with the general practices not on an individual basis but collectively, covering the top management as a whole. Furthermore, Directors’ & Officers’ Liability Insurance with a limit of US 1 million is provided for the individual liabilities of the Board members and the Bank’s managers in case of wrongdoing while running the business. Operating with its experienced and competent staff, PASHA Bank supports women’s participation in business life with its female employees, who consist 50% of both its C level positions and all its employees. 67% of the employees are university graduates, 28% hold Masters and PhD degree. Breakdown of Employees by Education Level (%) Undergraduate 67% Others 5 % Breakdown of Employees by Gender (%) Male 50% Female 50% Breakdown of Managerial Roles by Gender (%) Male 50% Female 50% Graduate and Doctorate 28%