PASHA_BANK_ANNUAL REPORT 2023

General Information Agenda of the Annual General Assembly Meeting 2 The Values That Will Carry PASHA Bank to the Future 6 Vision 6 Mission 7 Financial Highlights 8 2023 Headlines 10 PASHA Bank’s Historical Development and Milestones 14 Changes in Articles of Association, Share Capital, Shareholding and Organization Structure of PASHA Bank 18 About the PASHA Group 19 Overview of 2023 and Expectations for 2024 21 Chairman’s Message 28 Message from the General Manager 32 PASHA Bank’s 2023 Operations 38 Information on Management and Corporate Governance Principles Board of Directors 52 Senior Management 55 Directors 56 Information on Managers of Departments within the Scope of Internal Systems and Independent Auditor 59 Working Principles of Board Committees and Expert Groups 60 Information on the Activities of the Board of Directors and the Committees and Expert Groups 61 Summary of the Board of Directors’ Annual Report Submitted to the General Assembly 69 Human Resources Practices 70 Profit Distribution Policy 74 Information on Support and Outsourced Service Providers 75 Transactions Made with the Bank’s Risk Group 76 Information on Significant Developments Related with the Bank’s Operations and Legal Disclosures 77 Measures Intended to Prevent Conflicts of Interest 80 Statement of Compliance with Corporate Governance Principles 81 Corporate Governance Compliance Report 83 Corporate Governance Information Form 91 Statement of Independence 104 Corporate Governance Compliance Report Responsibility Statement 107 PASHA Yatırım Bankası A.Ş. 2023 Annual Report Responsibility Statement 108 Independent Auditor’s Report on The Board of Directors’ Annual Report 109 Financial Information and Risk Management Review Assessments of the Audit Committee on the Activities of Internal Systems 111 Assessments on the Financial Condition, Profitability, Debt Servicing Capability and Realization of the Defined Strategic Objectives 115 Risk Management Policies 116 Information on Ratings Assigned by Rating Agencies 117 Five‑Year Summary of Unconsolidated Financial Highlights 117 Publicly Announced Unconsolidated Financial Statements Together with Audit Report at 31 December 2023 118 Contents