PASHA BANK ANNUAL REPOT 2024

EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) SECTION SIX OTHER EXPLANATIONS AND NOTES I. OTHER EXPLANATIONS RELATED TO OPERATIONS OF THE BANK a. Explanations on ratings of the Bank JCR Eurasia Rating September 2024 National Long Term (tur) A+ Outlook:Stable International Long Term Foreign Currency BB Outlook: Stable b. Explanations on ratings of the Bank’s compliance score of Corporate Governance Principles SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş., assigned PASHA Bank an overall compliance score of 9.41 with CMB Corporate Governance Principles on 28 August 2024. II. EXPLANATIONS AND NOTES RELATED TO SUBSEQUENT EVENTS None. SECTION SEVEN EXPLANATIONS ON INDEPENDENT AUDITORS’ REPORT I. EXPLANATIONS ON INDEPENDENT AUDITORS’ REPORT The unconsolidated financial statements for the period ended 31 December 2024 have been audited by KPMG Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik AŞ. The independent auditor’s report dated 17 February 2025 is presented preceding the unconsolidated financial statements. II. EXPLANATIONS AND NOTES PREPARED BY INDEPENDENT AUDITORS None. 247 Financial Information and Risk Management Review PASHA Yatırım Bankası A.Ş. Notes to the Unconsolidated Financial Statements As of and for the Year Ended 31 December 2024 (Continued) (Convenience translation of publicly announced financial statements originally issued in Turkish) (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)