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) EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) II. EXPLANATIONS AND NOTES RELATED TO LIABILITIES 1. Information on deposits The Bank has no deposits due to its nature as an investment bank. 2. Negative differences related to derivative financial liabilities 31 December 2020 31 December 2019 LC FC LC FC Forward transactions - - - - Swap transactions 118 1,312 - - Futures transactions - - - - Options transactions - - - - Other - - - - Total 118 1,312 - - 3. Information on borrowings a. Information on banks and other financial institutions 31 December 2020 31 December 2019 LC FC LC FC Borrowings from the CBRT - - - - From domestic banks and institutions 40,304 50,155 8 113,269 From foreign banks, institutions and funds 52,225 660,540 69,190 484,188 Total 92,529 710,695 69,198 597,457 b. Information on maturity structure of borrowings 31 December 2020 31 December 2019 LC FC LC FC Short-term 92,529 282,362 69,198 188,249 Medium and long-term - 428,333 - 409,208 Total 92,529 710,695 69,198 597,457 c. Additional explanation related to the concentrations of the Bank’s major liabilities on the basis of concentrations, fund providing customers, sector groups and other criteria where risk concentration is observed The Bank funds its foreign currency assets mainly with medium and long term funds borrowed and debt securities issued. The Bank funds its local currency assets mainly with its capital, funds borrowed and debt securities issued. The Bank aims to have consistency on interest and maturities among assets and funding. 4. Money Market Funds As of 31 December 2020, the Bank have money market borrowings amounting to TL 22,782 (31 December 2019 - 6,192 TL) through repo transaction and TL 30,481 (31 December 2019 - None) through Takasbank. Annual Report 2020 PASHA Bank Year-End Financial Report 205