PASHA BANK ENG 20

disclosed to public in line with the general practices not on an individual basis but collectively, covering the top management as a whole. Furthermore, Directors’ & Officers’ Liability Insurance with a limit of US 2 million is provided for the individual liabilities of the Board members and the Bank’s managers in case of wrongdoing while running the business. Total number of employees is 56 as of 31 December 2020 and the Bank’s median age is 37. Of PASHA Bank’s employees, 54% is women and 46% men. Among the employees 98% are university graduates, 28% of who hold graduate and PhD degrees. 96% of the employees are university graduates, of which 29% hold Masters and PhD degree. Human Resources Practices Distribution of Employees by Gender Distribution of Employees by Education Status 46% 4% 54% 29% 96% Male Others Female Graduate and PhD Undergraduate 60 Annual Report 2020 PASHA Bank Information on Management and Corporate Governance Practices