PASHA_BANK_ANNUAL REPORT 2022

35 PASHA Bank 2022 Annual Report General Information Information on Management and Corporate Governance Principles Financial Information and Risk Management Review added value In line with its boutique service approach and the strategy, PASHA Bank has limited the number of customers in order to deal with its customers more quickly and effectively and to establish a more in-depth customer relationship. In this way, the Bank believes that it will maintain its high service quality and fast service reflex. The Bank also reviewed its processes for the protection of personal data, and standardized the related policies, procedures and practices. PASHA Bank carries out projects focusing on improving the core banking system with the aim of increasing productivity in banking processes. In this context, a series of development projects was successfully completed and were continued to be improved during the year within the IT infrastructure, in line with enhancements to core banking applications and the principles of compliance with COBIT processes, including: · capacity increase; · renewal of virtualization infrastructure; · the establishment of a monitoring infrastructure; · backup and improvement of data transmission to the disaster recovery center. In 2022, PASHA Bank operated with a team of 57 experienced and qualified employees at its Headquarters in İstanbul.   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 particularly liquidity risk and market 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 • Cash and Non-cash Loans, • Leasing, • Project Financing, • Treasury Products, • Foreign Trade Corporate and Commercial Banking • Intermediation to Issuance of Debt Instruments, • Structured Finance Products, • Corporate Finance Products, • Issuance of Asset Backed Securities • Sale of PASHA Bank Bonds, • Sale of Asset-Backed Securities • Repo Transactions in TL and Foreign Currency • Intermediation of Eurobond Sales and Purchases • FX Spot and Derivatives Transactions • Mortgage loans for Azerbaijan Citizens Investment Banking Premium Banking