PASHA BANK ENG 20

Activities of PASHA Bank in 2020 PASHA Bank employs the treasury products in an increasing quantity while offering the products and services the customers need. digital Core Banking Project which is now in effect, sped up the transfer of business processes to the digital media. warning mechanisms were established. Restructuring processes were reviewed in line with changes in market conditions and regulations. Treasury Management The Treasury Department is tasked with managing PASHA Bank’s assets and liabilities with optimal efficiency in conformity with the regulations of legal bodies. The Unit closely observes the developments in the markets and considers all possible risks including liquidity risk and price risk. The Treasury Department performs trading transactions for profit on the inter-bank market in line with the risk limits set by the Board of Directors. PASHA Bank employs the treasury products in an increasing quantity while offering the products and services the customers need. The Bank, outstanding with the competitive pricing of derivatives such as forward and swap, helps the customers hedge against risks with custom made products. In addition to its TL-denominated financing bond issues, it acts as an intermediary for the trading of other capital market instruments on Borsa Istanbul, while supporting customers in their investments with repo transactions denominated in Turkish lira and foreign currencies in various tenors. PASHA Bank’s Treasury Department also provides support to customers at home and abroad via daily newsletters and daily reports summarizing market developments, and guides the marketing of local financial products in the target region via instant notifications to the research departments in PASHA Bank Azerbaijan and Georgia of developments and opportunities in Turkey’s financial markets. Similarly, economic developments in the region are being shared with investors through various bulletins and research reports by working in cooperation with research units in Azerbaijan and Georgia. PASHA Bank’s Treasury Department aims as well to manage future risks in the most effective way in line with the Bank’s risk management strategy. The Department plans to improve the structured products offered to domestic and foreign corporate customers and to play a role in expanding the diversification of potential customers and profitability in Azerbaijan and Georgia by offering them Turkish capital markets products. 34 Annual Report 2020 PASHA Bank General Information