PASHA_BANK_ANNUAL REPORT 2023

2019 FIRST EUROBOND (€) ISSUANCE 2022 FIRST MORTGAGE LOAN 2023 TÜRKİYE’S FIRST ASSET- BACKED SECURITY ISSUANCE INDEXED TO WHEAT PRICES GREEN OFFICE CERTIFICATE 2017 The first M&A transaction was finalized. The first Eurobond, with a maturity of five years and denominated in USD, was issued in the Azerbaijani market. The Bank, for the first time, acted as an intermediary in the issuance of a debt instrument. 2018 PASHA Holding LLC acquired 49% of the shares, and the paid‑in capital was increased to TL 500 million. 2019 Moved to its new headquarters building. First euro‑denominated Eurobond issuance in the three‑year tenor was realized for Azerbaijan market. 2020 The first Lease Certificate backed by financial leasing assets was issued. PASHA Bank intermediated in funding the customers in the agricultural and automotive industry by issuing asset backed securities. The bank participated in Venture Capital Funds, the development of technology. 2021 PASHA Bank intermediated in the issuance of 7 asset‑backed securities during 2021 which provided TL 296 million of funds and played an active role in capital markets. 2022 A subordinated loan of USD 25 million with a tenor of 10 years was obtained. A mortgage loan product was launched for Azerbaijani citizens who want to own a house in Türkiye. 2023 A groundbreaking move was made in Türkiye by issuing Asset-Backed Securities indexed to wheat prices. PASHA Bank earned the Green Office Certificate as part of its sustainability journey. The direct ownership stake of PASHA Holding LLC in the Bank increased from 49% to 71.75%. 2020 FIRST LEASE CERTIFICATE ISSUANCE FIRST ASSET BACKED SECURITY ISSUANCE 15 PASHA Bank 2023 Annual Report General Information Information on Management and Corporate Governance Principles Financial Information and Risk Management Review