PASHA BANK ENG 20

PASHA Yatırım Bankası A.Ş. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) (Convenience Translation of Publicly Announced Financial Statements Originally Issued in Turkish, See Note I of Section Three) The accompanying notes are an integral part of these financial statements. III. STATEMENT OF PROFIT OR LOSS INCOME STATEMENT Note Current Period 31/12/2020 Prior Period 31/12/2019 I. INTEREST INCOME (5.4.1) 129,745 140,925 1.1 Interest on Loans 107,605 109,172 1.2 Interest Received From Reserve Deposits 149 1,566 1.3 Interest Received From Banks 871 3,568 1.4 Interest Received From Money Market Transactions 3,401 16,422 1.5 Interest Received From Marketable Securities Portfolio 11,027 8,171 1.5.1 Financial assets at fair value through profit or loss - - 1.5.2 Financial Assets at Fair Value Through Other Comprehensive Income 2,318 1,766 1.5.3 Financial Assets Measured at Amortised Cost 8,709 6,405 1.6 Finance Lease Income 6,692 1,860 1.7 Other Interest Income - 166 II. INTEREST EXPENSES (-) (5.4.2) (53,853) (43,865) 2.1 Interest on Deposits - - 2.2 Interest on Funds Borrowed (28,006) (21,253) 2.3 Interest on Money Market Transactions (1,813) (265) 2.4 Interest on Securities Issued (22,706) (20,560) 2.5 Finance Lease Expense (24) (21) 2.6 Other Interest Expenses (5.4.12) (1,304) (1,766) III. NET INTEREST INCOME/EXPENSE (I - II) 75,892 97,060 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 4,186 4,017 4.1 Fees and Commissions Received 5,923 5,386 4.1.1 Non-cash loans 3,585 3,796 4.1.2 Other (5.4.12) 2,338 1,590 4.2 Fees and Commissions Paid (-) (1,737) (1,369) 4.2.1 Non-Cash Loans (464) (477) 4.2.2 Other (5.4.12) (1,273) (892) V DIVIDEND INCOME (5.4.3) - - VI. TRADING PROFIT/LOSS (Net) (5.4.4) 5,476 (3,284) 6.1 Profit/Losses From Capital Market Transactions - 128 6.2 Profit/Losses From Derivative Financial Transactions 5,207 (5,281) 6.3 Foreign Exchange Profit/Losses 269 1,869 VII. OTHER OPERATING INCOME (5.4.5) 9,065 5,757 VIII. GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII) 94,619 103,550 IX. ALLOWANCES FOR EXPECTED CREDIT LOSSES (-) (5.4.6) (4,520) (38,990) X. OTHER PROVISION EXPENSES (-) (5.4.6) (28) - XI. PERSONNEL EXPENSES (-) (24,265) (16,063) XII. OTHER OPERATING EXPENSES (-) (5.4.7) (23,718) (15,528) XIII. NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII) 42,088 32,969 XIV. SURPLUS WRITTEN AS GAIN AFTER MERGER - - XV. PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES - - XVI. NET MONETARY POSITION GAIN/LOSS - - XVII. PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS (XIII+...+XVI) (5.4.8) 42,088 32,969 XVIII. PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS (±) (5.4.9) (10,712) (7,278) 18.1 Current Tax Provision (8,744) (10,808) 18.2 Expense Effect Of Deferred Tax (+) 641 4,158 18.3 Income Effect Of Deferred Tax (-) (2,609) (628) XIX. NET PROFIT/LOSS FROM CONTINUING OPERATIONS (XVII±XVIII) (5.4.10) 31,376 25,691 XX. INCOME FROM DISCONTINUED OPERATIONS - - 20.1 Income From Assets Held For Sale - - 20.2 Profit From Sale Of Associates, Subsidiaries And Joint Ventures - - 20.3 Other Income From Discontinued Operations - - XXI. EXPENSES FROM DISCONTINUED OPERATIONS (-) - - 21.1 Expenses On Assets Held For Sale - - 21.2 Losses From Sale Of Associates, Subsidiaries And Joint Ventures - - 21.3 Other Expenses From Discontinued Operations - - XXII. PROFIT/LOSS BEFORE TAXES FROM DISCONTINUED OPERATIONS (XX-XXI) (5.4.8) - - XXIII. TAX PROVISION FOR DISCONTINUED OPERATIONS (±) (5.4.9) - - 23.1 Current Tax Provision - - 23.2 Expense Effect Of Deferred Tax (+) - - 23.3 Income Effect Of Deferred Tax (-) - - XXIV. NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXII±XXIII) (5.4.10) - - XXV. NET PROFIT/LOSSES (XIX+XXIV) (5.4.11) 31,376 25,691 Profit/Loss Per Share 0.0628 0.0514 Unconsolidated Income Statement For the Year Ended 31 December 2020 116 Annual Report 2020 PASHA Bank Year-End Financial Report