PASHA BANK ENG 20

Activities of PASHA Bank in 2020 The year 2020 has been a successful year for the Bank in line with its objectives and foresights. project financing PASHA Bank had a growth of 40% in comparison to the previous year in leasing and project financing PASHA Bank approaches its customers with transparent, rapid and customer oriented insight within the framework of fundamental banking principles. The Bank continued its growth through cordial customer management and needs oriented service despite the economical and psychological effects of COVID-19 on markets and individuals worldwide. In 2020, the Bank took important steps on the road to providing more prompt solutions to customers by backing up its customer oriented service mentality with technology in line with the market and business conditions and increased customer efficiency by upgrading the core banking system to the latest version. PASHA Bank continued the support it provided to the Turkish economy with customer oriented approach and was able to reach more customers through suitable product and service insights thanks to its broad based customer policy. In line with the customer needs, the Bank concentrated on cash and non-cash credit transactions including leasing, project financing, syndication credits, foreign trade transactions for financing regional trade and forfeiting. The Bank became prominent especially with the financing models it has designed concerning project financing and leasing credits. Despite the challenging market conditions, PASHA Bank had a growth of 40% in comparison to the previous year in leasing and project financing by playing its role in financing investments in various sectors of the corporate and trade segment, especially energy and tourism. PASHA Bank pursued the objective of “being the first bank that comes to mind in the region” also in 2020 for the companies willing to do business in the “Turkey-Azerbaijan-Georgia” triangle and through increasing transaction volume and diversification with innovative solution seeking, succeeded broadening its market share in trade financing for the region. The year 2020 has been a successful year for the Bank in line with its objectives and foresights. The objective for 2021 is to achieve sustainable profitability and growth targets by increasing the volume and diversity of transactions both within the “Turkey-Azerbaijan- Georgia” triangle and in domestic markets. As in the previous period, PASHA Bank will continue observing closely the developments and investments especially in the renewable energy sector within the framework of its new three year strategy covering 2021-2023 and will pursue its desire to take part in the financing of investments concerning this area. The primary objective of the Bank for 2021 is to create solutions for meeting customer needs while keeping its asset quality, the foundation for its prudent growth strategy. The 36 Annual Report 2020 PASHA Bank General Information