PASHA_BANK_ANNUAL REPORT 2022

39 PASHA Bank 2022 Annual Report General Information Information on Management and Corporate Governance Principles Financial Information and Risk Management Review financing to customers for keeping sustainability of their operations, keeping up with changing market conditions and customer needs. While doing this, the Bank left behind a quite positive year with strong market liquidity and asset quality. Banking sector is at the top of the sectors which adapts digital transformation journey, which is the major pillar of change and transformation, at the most effective and rapid manner. At this conjuncture, PASHA Bank continued to take steps in making its customers and employees happy in 2022 and started the “PASHA Sign” project, a digital signature and storage project, which will be launched in 2023. In addition to all these developments, 2022 has been a year when actions in sustainability area gained speed. Transition to a sustainable and green economy brought significant opportunities for the finance sector. PASHA Bank played an effective role in meeting the additional finance needs as a result of investment required for transition to sustainable economy. Conducting its operations in line with a customer-oriented approach, in 2022 the Bank provided services to its customers, such as cash and non-cash credits to meet customers’ working capital need, project financing credits, leasing transactions, syndication and customized financing products for foreign trade transactions, primarily for regional trade. Since the day of its establishment, PASHA Bank provides services with the missions of being a “financial bridge” and “being the first bank that comes to mind” for the companies which want to make investments and trade between Turkey, Azerbaijan and Georgia. The Bank increases its power in this area day by day and raises its share of non- oil foreign trade volume between those three countries. In line with the developments in the industry, PASHA Bank will continue to exhibit an innovative and solution- oriented approach in 2023, and to stand by its customers by providing alternative service choices, in addition to current products and services, based on their needs. Financial Institutions Financial Institutions Unit continued to contribute to the increase in foreign trade and interbank funding transactions mediated by PASHA Bank in 2022. This contribution is realized by the Unit expanding its local and international correspondent network and establishing additional cash and non-cash credit limits in line with the needs of corporate customers and the Treasury Unit. Alongside these transactions, relations are established with the Bank’s sister institutions, thus mediating the exchange transfers of PASHA Bank customers in AZN (Azerbaijani manat) and GEL (Georgian lari). The Bank plans to gain further recognition in international banking markets and increase its share in foreign trade transactions of its customers by expanding its encrypted connection network (RMA) and by participating in events which all banks of the world such as SIBOS and Euromoney attend. PASHA Bank provides services with a mission to be a bridge for companies that wish to conduct trading and investments between Turkey, Azerbaijan and Georgia. financial bridge