PASHA_BANK_ANNUAL REPORT 2023

EXPLANATIONS AND NOTES RELATED TO UNCONSOLIDATED FINANCIAL STATEMENTS (Continued) 2. Information on interest expense a. Information on interest expense (1) Current Period Prior Period LC FC LC FC Banks 68,845 152,924 49,276 52,708 The Central Bank of Turkey - - - - Domestic Banks 50,982 2,740 11,336 1,108 Foreign Banks 17,863 150,184 37,940 51,600 Branches and offices abroad - - - - Other Institutions (2) - 36,520 - 6,963 Total 68,845 189,444 49,276 59,671 (1) Commission expense for borrowings are also included. (2) Includes subordinated loans expense. b. Information on interest expense given to investments in associates and subsidiaries None (31 December 2022 - None). c. Interest expense on issued marketable securities Current Period Prior Period LC FC LC FC Interest expense on securities issued 36,644 48,482 25,715 39,240 d. Maturity structure of the interest expense on deposits The Bank has no deposits due to its nature as an investment bank. 3. Information on dividend income None (31 December 2022 - None). 4. Information on trading income/loss (Net) Current Period Prior Period Income 2,025,582 1,676,917 Profit on trading account securities 23,872 10,191 Profit on derivative financial transactions (1) 6,366 54,640 Foreign exchange gains 1,995,344 1,612,086 Loss (-) (1,941,618) (1,626,298) Losses on trading account securities (13,556) (528) Losses on derivative financial transactions (1) (3,297) (38,390) Foreign exchange losses (1,924,765) (1,587,380) Net Trading Income/Loss 83,964 50,619 (1) Due to the short maturity of derivative financial instruments held by the Bank, the major part of gains and loss from derivative financial transactions are resulted from changes in exchange rates. 236 PASHA Bank 2023 Annual Report Notes to Unconsolidated Financial Statements at 31 December 2023 PASHA Yatırım Bankası A.Ş. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) Convenience Translation of Publicly Announced Unconsolidated Financial Statements Originally Issued in Turkish, See Note I of Section Three