PASHA BANK ENG 20

General Information Agenda of the Annual General Assembly Meeting 3 Vision - Mission 4 The Values That Will Carry PASHA Bank to the Future 4 Financial Highlights 8 PASHA Bank’s Historical Development and Milestones 10 Changes in Articles of Association, Share Capital, Shareholding and Organization Structure of PASHA Bank 14 About the PASHA Group 15 Overview of 2020 and Expectations for 2021 18 Chairman’s Message 22 Message from the CEO 26 Activities of PASHA Bank in 2020 32 Information on Management and Corporate Governance Practices Information on Top Management 42 Information on Managers of Departments within the Scope of Internal Systems and Independent Auditor 46 Working Principles of Board Committees 47 Evaluations Regarding the Activities of the Board of Directors and the Committees 48 Summary of the Board of Directors’ Annual Report Submitted to the General Assembly 57 Human Resources Practices 58 Profit Distribution Policy 61 Transactions Made with the Bank’s Risk Group 62 Information on Support Service Providers 62 Information on Significant Developments Related with the Bank’s Operations and Legal Disclosures 63 Measures Intended to Prevent Conflicts of Interest 66 Corporate Governance Compliance Report and Information Form 67 Corporate Governance Compliance Report and Information Form 68 Statement of Independence 89 Corporate Governance Compliance Report Responsibility Statement 91 Annual Report Responsibility Statement 92 Independent Auditor’s Report on the Annual Report 93 Financial and Risk Management Review Assessments of the Audit Committee on the Activities of Internal Systems 95 Assessments on the Financial Condition, Profitability, Debt Servicing Capability and Realization of the Defined Strategic Objectives 98 Risk Management Policies 99 Information on Ratings Assigned by Rating Agencies 100 Five-Year Summary of Unconsolidated Financial Highlights 100 Year-End Financial Report Publicly Announced Unconsolidated Financial Statements Together with Audit Report at 31 December 2020 101 Contact Information Previous years’ annual reports of PASHA Bank Cover: Unity, Mert Ege Köse Contents