PASHA_BANK_ANNUAL REPORT 2022

40 PASHA Bank 2022 Annual Report Investment Banking and Intermediary Services PASHA Bank is authorized in Transaction Intermediary Operations, Portfolio Intermediary Operations, Best Effort Public Offering Intermediary Operations and Limited Custody Services with the licenses obtained from Capital Markets Board in 2015. Within the scope of investment banking operations, the Bank provides funds to its corporate customers by performing intermediary services in debt instrument issuances. In line with its vision for being more active on this area in the coming years, PASHA Bank plans to support more companies and more industries on this area. Domestic Financing Bond Issuances Issuing the first bank financing bill with sale to qualified investors method in 2016, PASHA Bank Turkey doubled the issuance volume in 2022 when compared with 2021 (from TL 282 Million to TL 590 Million) and the number of investors increased. In accordance with the permission from CMB dated 13 November 2022, domestic bill issuances’ shelf registration was increased from TL 500 million to TL 1 billion. In 2023, PASHA Bank Turkey aims to enrich the investor diversity achieved in prior years and continue its recognition in capital markets with new and diversified issuances. Eurobond (Foreign Bond) Issuances The Bank realized its first Eurobond issuance in 2017 in USDs for the Azerbaijan market which had a 5-year term (USD 25 Million). In 2019, the Bank issued its first Eurobond in EUR and continued its successful operations in Azerbaijan. With the last Eurobond issuance in 2022 for USD 13,450,000, the Bank reached a total of USD 121,450,000 and EUR 3.3 million transaction volume. PASHA Bank Turkey will continue its capital market operations in this area through Eurobond issuances with the most favorable return rates and terms in the following years. Asset-Backed Security Issuances PASHA Bank Turkey became the leader in Turkish capital markets with Asset- Backed Security issuances and realized a total sales of more than TL 1.2 Billion in this area during the last three years. Behind this product which is tailored to customers, are multiple guarantee structure and attractive return opportunity for investors. Through these transactions the Bank not only provides financial sources for the real sector but also offers high return advantages to qualified investors with customized guarantees. With the purpose of developing the Private Sector Debt Instruments Market, PASHA Bank continued to issue Asset-Backed Securities in 2021 with different terms through the Asset Financing Funds established in 2020 to intermediate in securitization transactions. In this context, another PASHA Bank is at a pioneer position in capital markets in Turkey with asset-backed security issuances. pioneer PASHA Bank’s 2022 Operations