PASHA BANK ANNUAL REPOT 2024

INFORMATION RELATED TO FINANCIAL POSITION AND RISK MANAGEMENT (Continued) IX. EXPLANATIONS ON THE PRESENTATION OF FINANCIAL ASSETS AND LIABILITIES AT THEIR FAIR VALUES Fair value calculations of financial assets and liabilities The fair values of financial assets amortised at cost are determined based on market prices or when this price is not available, based on market prices quoted for other securities subject to the same redemption qualifications in terms of interest, maturity and other similar conditions. The fair value of securities issued is calculated according to quoted market prices and if these are not available, amounts derived from discounted cash flow models. The expected fair value of loans and receivables are determined by calculating the discounted cash flows using the current market interest rates for the fixed loans with fixed interest rates. For the loans with floating interest rates, it is assumed that the carrying value reflects the fair value. The following table summarizes the carrying values and fair values of financial assets and liabilities. The carrying value represents the acquisition costs and accumulated interest accruals of corresponding financial assets or liabilities. Carrying Value Fair Value Current Period Prior Period Current Period Prior Period Financial Assets 12,128,973 9,369,471 12,197,535 9,385,394 Money market placements - 451,585 - 451,585 Banks 1,409,213 461,139 1,408,466 461,139 Cash and balances at Central Bank (*) 1,797,702 1,632,672 1,797,702 1,632,672 Derıvative Financial assetes - 1,238 - 1,238 Financial assets at fair value through profit or loss 96,091 90,603 96,091 90,603 Financial assets at fair value through other comprehensive income 250,554 141,928 250,554 141,928 Financial assets measured at amortised cost 1,547,029 948,264 1,584,200 975,101 Loans 7,028,384 5,642,042 7,060,522 5,631,128 Financial Liabilities 10,051,721 8,488,497 10,071,560 8,506,056 Banks’ deposits - - - - Other deposits - - - - Funds borrowed from other financial institutions 5,477,550 4,713,824 5,504,166 4,733,183 Securities issued 1,148,302 887,954 1,141,952 886,154 Miscellaneous payables 658,398 632,402 658,398 632,402 Money market payables 1,419,372 1,075,122 1,418,945 1,075,122 Derıvative financial liabilities - 30 - 30 Borrowers’ funds 465,814 442,751 465,814 442,751 Subordinated loans 882,285 736,414 882,285 736,414 (*) Since its non-interest bearing and short term, the book value is equal to the fair value. 212 PASHA Yatırım Bankası A.Ş. Notes to the Unconsolidated Financial Statements As of and for the Year Ended 31 December 2024 (Continued) PASHA Bank 2024 Annual Report (Convenience translation of publicly announced financial statements originally issued in Turkish) (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)