PASHA BANK ANNUAL REPOT 2024

MESSAGE FROM THE CEO we have obtained the Green Office certification for the second consecutive year. We continue to implement corporate social responsibility projects, maintain our environmentally beneficial waste management system, and pursue initiatives aimed at reducing water and electricity consumption within the Bank. With each project we participate in, we remind ourselves and our employees of our sensitivity to nature and the environment. In line with our sustainability goals for the future, we are building a bridge between today and tomorrow, supporting the green transformation. As PASHA Bank, in line with our sustainable growth objectives, we increased our asset size by 30% in 2024 compared to the previous year, reaching TL 12,913 million. While our support for the real sector continued to grow during this period, the Bank’s gross cash loan volume rose by 25% year-on-year to TL 7,028 million, and our net profit was recorded at TL 463 million by the end of the year. In September, the credit rating agency JCR Eurasia Rating reaffirmed PASHA Bank’s long-term national credit rating as A+(tr), while the corporate governance rating agency SAHA Rating revised PASHA Bank’s Compliance Score with the CMB Corporate Governance Principles upward to 9.41. Despite rapidly changing market conditions, we continued our bond and bill issuances both domestically and internationally in 2024. During our investor visits in Baku, we showcased our country and its opportunities to investors. Our USD 25 million bond issuance in Azerbaijan received significant interest from both Azerbaijani corporate and individual investors, we have offered TL-denominated PASHA Bank bonds to our qualified investors at higher volumes. PASHA Bank, as in previous years, plays a key role in financing foreign trade in the Türkiye- Azerbaijan-Georgia triangle, and we remain committed to pursuing our goal of becoming “the first bank that comes to mind in the region” in line with our strategy. Our Bank has continued to take steps this year to expand its activities in the field of investment banking. As PASHA Bank, we have maintained the momentum of our Asset-Backed Securities (ABS) issuance transactions, which we initiated in 2020. Since inception, we have provided over TL 4.5 billion in financial resources to our customers operating in the agriculture, retail, and automotive sectors. We are committed to continuing our support for the real sector through capital market instruments in the coming year. In 2024, we also remained focused on projects and digital transformations that contribute to sustainable growth, adding value to all our stakeholders, particularly the national economy and our customers. Prioritizing digital-focused, high-quality technological infrastructure developments that contribute to our Bank’s holistic approach to sustainable and secure growth journey, we have enhance the digitalization of our business practices and services. On this journey, we launched a mobile- compatible web platform that enables qualified investors to invest in bonds, stock, and asset-backed security instruments digitally, without the need to be a PASHA Bank customer. To make the services we offer through digital channels more integrated, we initiated the design and development of our “Digital Approval” project. As part of our efforts focused on effective risk IN 2024, WE ALSO REMAINED FOCUSED ON PROJECTS AND DIGITAL TRANSFORMATIONS THAT CONTRIBUTE TO SUSTAINABLE GROWTH, ADDING VALUE TO ALL OUR STAKEHOLDERS, PARTICULARLY OUR CUSTOMERS. value adding projects 34 PASHA Bank 2024 Annual Report