PASHA_BANK_ANNUAL REPORT 2022

General Information Financial Information and Risk Management Review Information on Management and Corporate Governance Principles EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) 13. Information on intangible assets Current Period Prior Period Net Book Value at the beginning of the Period 7,784 6,849 Additions 7,343 3,625 Disposals(-), net - - Depreciation (-) (3,479) (2,690) Closing Net Book Value 11,648 7,784 14. Information on investment property: The Bank has purchased a real estate classified as investment property as of balance sheet date with the deed transfer process has completed as of 18 June 2018. Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at fair value in accordance with TAS 40 “Investment Property”. Current Period Prior Period Beginning balance, Net 143,910 144,862 Additions (+) - - Disposals (-), net - - Cancellation of Provision for Impairment 28,020 - Depreciation (-) (1,713) (952) Transfers - - Current period end balance, Net (1) 170,217 143,910 (1) As of 31 December 2022, the fair value of the investment property owned by the Bank is TL 343,554. 223 PASHA Bank 2022 Annual Report Notes to Unconsolidated Financial Statements at 31 December 2022 Pasha Yatırım Bankası A.Ş. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Convenience translation of publicly announced unconsolidated financial statements originally issued in turkish, see note I of section three