PASHA BANK ANNUAL REPOT 2024

CORPORATE AND COMMERCIAL BANKING OPERATIONS The year 2024 has been characterized by numerous unforeseeable developments, particularly in the areas of economics and politics. An increase in economic risks has also been observed due to the rising political risks and regional wars on a global scale, especially in the Middle East. The first half of 2024 created a favorable atmosphere in economic activity, driven by the relatively strong performance of the US, declining energy prices, a limited decrease in inflation, and the recovery of the Chinese economy. However, economic activity remained moderate on a global scale due to tight monetary policies implemented within the scope of combating inflation, which continued to show resilience globally, and a balanced outlook has not emerged among countries. In light of these developments, 2024 came to a close as a year in which global growth rates remained flat, due to the interest rate cut cycle and disinflation process, with no significant improvement in global economic activity. In the context of Türkiye, the year 2024 has been marked by the implementation of stringent fiscal management, particularly in the context of combating inflation, as well as the global uncertainties and imbalances. Although the policies implemented have led to a certain decline in inflation, the prevailing high inflation environment has created unfavorable conditions for new investments and, consequently, for economic activities that would support growth, affecting all economic actors directly. Despite all these uncertainties and risks, PASHA Bank successfully continued its operations in 2024 by focusing on sustainable growth without compromising its customer-centric service approach. PASHA BANK HAS MAINTAINED ITS COMMITMENT TO STAND BY THE SIDE OF ITS CUSTOMERS BY ADDRESSING THEIR FINANCIAL NEEDS IN 2024. by the side of its customers PASHA Bank’s Core Banking Principles PASHA Bank operates in line with its main corporate banking principles that are predicated on the concepts of “Boutique Service”, “Continuous Development”, “Customer Loyalty” and being a “Regional Player.” “Boutique Service” principle Apart from offering traditional solutions to its customers, whom it sees as business partners, the Bank has adopted the principle of providing solution-oriented and versatile boutique services and establishing effective, sustainable and productive relationships with its customers. “Continuous Development” principle Having adopted a corporate governance approach and continuous development principle, the Bank follows current developments in the finance sector, and offers customized solutions to its customers by correctly identifying their needs and by improving its service infrastructure. PASHA Bank’s objective is to foresee the future needs of customers by staying attentive to ever-increasing competition and ongoing developments, both worldwide and in Türkiye. In this manner, we offer our customers the financing alternatives most suitable for them, whereby the Bank adopts the principle of enjoying mutual gains. 40 PASHA Bank 2024 Annual Report