PASHA_BANK_ANNUAL REPORT 2022

38 PASHA Bank 2022 Annual Report Despite challenging market conditions, PASHA Bank continued to take part in financing of new projects, capacity increases in existing facilities, renovation and modernization investments in various industries, particularly in energy and tourism. PASHA Bank maintained its appetite in mergers and acquisitions in 2022. As a result, PASHA Bank increased the amount of financing to real sector including project financing and mergers and acquisitions financing by 65% in comparison with prior year. As we completed a year when liquidity management was extremely critical, , PASHA Bank, with supplier financing services, provided opportunity for various product and service suppliers at every scale by creating an alternative low-cost finance source they can rapidly reach for their cash flow needs. In 2022, PASHA Bank continued to provide fast financing solutions for the sustainability of the operations of its customers by cashing out their receivables which arose/ or will be arisen from commercial transactions before their due dates. In accordance with its strategy, PASHA Bank continued to intermediate in Sell and Leaseback transactions in 2022 without any interruption, by transferring real estates of companies to the Bank for a specified period to meet their financing needs. PASHA Bank continued to provide financing to meet liquidity needs of exporter companies in 2022 with an increased appetite, by transferring the receivables, not yet due, from export transactions to the Bank without recourse. PASHA Bank continued and increased its synergy with the Group bank and subsidiaries in 2022 in accordance with its goal of being “The first bank that comes to mind in the region” for companies operating or planning to operate within “Turkey-Azerbaijan-Georgia” triangle. With the regional collaboration opportunities it has and the support of innovative perspective and approach, the Bank achieved to increase its share in trade and trade financing in that region rapidly and left a very good year behind in acquisition of new customers in this area. Project Financing Credits Mergers and Acquisitions Financing Supplier Financing Trade Receivable Financing Leasing (Sell and Leaseback Transactions) Forfaiting Regional Banking PASHA Bank’s 2022 Operations Strong Support for the Real Sector