PASHA BANK ANNUAL REPOT 2024

INVESTMENT BANKING Investment Banking and Intermediary Services PASHA Bank is authorized in Transaction Intermediary Operations, Portfolio Intermediary Operations, Best Effort Public Offering Intermediary Operations and Limited Custody Services with the licenses obtained from Capital Markets Board. Within the scope of investment banking operations, the Bank provides funds to its corporate customers by performing intermediary services in debt instrument issuances. In line with its vision for being more active on this area in the coming years, PASHA Bank plans to support more companies and more industries on this area. Our Domestic Financial Bill Issuances Issued the first bank financial bill with the sales method to qualified investors in 2016, PASHA Bank continued its financial bill issuances in 2024. The volume of domestic bond issuances, which grew by 61% compared to 2023, reached TL 1.3 billion in 2024. In 2025, PASHA Bank aims to further expand this volume by leveraging the investor base it has reached in previous years and will continue to enhance its recognition in capital markets through various issuances. Eurobond (Foreign Bond) Issuances The Bank realized its first Eurobond issuance in 2017 in USDs for the Azerbaijan market which had a 5-year term (USD 25 Million). In 2019, the Bank issued its first Eurobond in EUR and continued its successful operations in Azerbaijan. With the last Eurobond issuance in 2024 for USD 25,000,000, the Bank reached a total of USD 158,000,000 and EUR 3.3 million transaction volume. PASHA Bank Türkiye will continue its capital market operations in this area through Eurobond issuances with the most favorable return rates and terms in the following years. Asset-Backed Security Issuances PASHA Bank Türkiye became the leader in Turkish capital markets with Asset- Backed Security issuances and realized a total sales of approximately TL 4.6 billion in this area during the last three years. Behind this product which is tailored to customers, there are multiple guarantee structure and attractive return opportunity for investors. Through these transactions the Bank not only provides financial sources for the real sector but also offers high return advantages to qualified investors with customized guarantees. With the purpose of developing the Private Sector Debt Instruments Market, PASHA Bank continued to issue Asset-Backed Securities in 2024 with different terms through the Asset Financing Funds established in 2020 to intermediate in securitization transactions. THE VOLUME OF DOMESTIC BOND ISSUANCES, WHICH GREW BY 61% COMPARED TO 2023, REACHED TL 1.3 BILLION IN 2024. +61% 44 PASHA Bank 2024 Annual Report