PASHA BANK ENG 20

PASHA Yatırım Bankası A.Ş. Notes to Unconsolidated Financial Statements at 31 December 2020 (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) INFORMATION RELATED TO UNCONSOLIDATED FINANCIAL POSITION AND RISK MANAGEMENT(Continued) Fair value hierarchy: TFRS 7 sets a hierarchy of valuation techniques according to the observability of data used in valuation techniques which establish basis for fair value calculations. Aforesaid fair value hierarchy is determined as follows: a) Identical assets and quoted market prices (non-adjusted) (1st level); b) Directly (by way of prices) or indirectly (derived from prices) data for the assets or liabilities, other than quoted prices in the 1st level (2nd level); c) Data not based on observable market data regarding assets or liabilities (3rd level). Fair value hierarchy of the financial assets and liabilities of the Bank carried at fair value according to the foregoing principles is given in the table below: 31 December 2020 Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss 1,472 5,933 - 7,405 Derivative financial assets - 493 - 493 Financial assets at fair value through other comprehensive income 23,191 7,659 - 30,850 Total Assets 24,663 14,085 - 38,748 Derivative financial liabilities - 1,430 - 1,430 Total liabilities - 1,430 - 1,430 31 December 2019 Level 1 Level 2 Level 3 Total Financial assets at fair value through profit or loss - - - - Derivative financial assets - 132 - 132 Financial assets at fair value through other comprehensive income 9,165 7,659 - 16,824 Total Assets 9,165 7,791 - 16,956 Derivative financial liabilities - - - - Total liabilities - - - - There are no transfers between the levels. 188 Annual Report 2020 PASHA Bank Year-End Financial Report