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) SECTION FIVE EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS I. EXPLANATIONS AND NOTES Related to Assets 1. Information related to cash and the account of The Central Bank of the Republic of Turkey (the “CBRT”): a. Information on cash and the account of the CBRT 31 December 2020 31 December 2019 LC FC LC FC Cash/Foreign currency 10 4 10 4 CBRT 6,073 149,013 3,682 123,035 Other - - - - Total 6,083 149,017 3,692 123,039 b. Information on the account of the CBRT 31 December 2020 31 December 2019 LC FC LC FC Demand Unrestricted Amount (1) 6,073 15,182 3,682 28 Time Unrestricted Amount - - - - Time Restricted Amount (2) - 133,831 - 123,007 Total 6,073 149,013 3,682 123,035 (1) Local currency reserve requirements is presented demand unrestricted amount accordingly BRSA letter dated 3 January 2018. (2) The blocked reserve requirement at Central Bank. According to CBRT’s “Required Reserves Announcement” numbered 2013/15, the Bank has to provide reserve requirement amounts in CBRT for Turkish currency and foreign currency denominated liabilities. The reserve requirements may be kept as Turkish Lira, USD, Euro and standard gold. The reserve rates for TL liabilities vary between 1% and 6% according to their maturities as of 31 December 2020 (31 December 2019 - between 1% and 7%). The reserve rates for foreign currency liabilities vary between 7% and 21% according to their maturities as of 31 December 2020 (31 December 2019 - between 5% and 21%). 2. Information on financial assets at fair value through profit or loss a. As of 31 December 2020, the Bank has no financial assets at fair value through profit or loss subject to repo transactions and given as collateral/blocked (31 December 2019 - None). 190 Annual Report 2020 PASHA Bank Year-End Financial Report