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) 2. Information on interest expense a. Information on interest expense (1) 31 December 2020 31 December 2019 LC FC LC FC Banks 6,028 18,681 8,489 12,764 The Central Bank of Turkey - - - - Domestic Banks 158 166 116 71 Foreign Banks 5,870 18,515 8,373 12,693 Branches and offices abroad - - - - Other Institutions 3,297 - - - Total 9,325 18,681 8,489 12,764 (1) Commission expense for borrowings are also included. b. Information on interest expense given to investments in associates and subsidiaries None (31 December 2019 - None). c. Interest expense on issued marketable securities 31 December 2020 31 December 2019 LC FC LC FC Interest expense on securities issued 1,664 21,042 5,253 15,307 d. Maturity structure of the interest expense on deposits The Bank has no deposits due to its nature as an investment bank. 3. Information on dividend income None (31 December 2019 - None). 4. Information on trading income/loss (Net) Income 31 December 2020 31 December 2019 589,412 508,705 Profit on trading account securities - 128 Profit on derivative financial transactions (1) 12,116 33 Foreign exchange gains 577,296 508,544 Loss (-) (583,936) (511,989) Losses on trading account securities - - Losses on derivative financial transactions (1) (6,909) (5,314) Foreign exchange losses (577,027) (506,675) Net Trading Income/Loss 5,476 (3,284) (1) Due to the short maturity of derivative financial instruments held by the Bank, the major part of gains and loss from derivative financial transactions are resulted from changes in exchange rates. Annual Report 2020 PASHA Bank Year-End Financial Report 213