PASHA_BANK ANNUAL REPORT 2021

General Information 3 Agenda of the Annual General Assembly Meeting 6 The Values That Will Carry PASHA Bank to the Future 8 Financial Highlights 10 2021 Highlights 14 PASHA Bank’s Historical Development and Milestones 16 Changes in Articles of Association, Share Capital, Shareholding and Organization Structure of PASHA Bank 20 About the PASHA Group 22 Overview of 2021 and Expectations for 2022 26 Message from the Chairman 30 Message from the CEO 34 Activities of PASHA Bank in 2021 Information on Management and Corporate Governance Principles 46 Information on Top Management 49 Senior Management 50 Information on Managers of Departments within the Scope of Internal Systems and Independent Auditor 51 Working Principles of Board Committees 52 Evaluations Regarding the Activities of the Board of Directors and the Committees 63 Summary of the Board of Directors’ Annual Report Submitted to the General Assembly 64 Human Resources Practices 68 Profit Distribution Policy 68 Information on Support Service Providers 69 Transactions Made with the Bank’s Risk Group 70 Information on Significant Developments Related with the Bank’s Operations and Legal Disclosures 72 Measures Intended to Prevent Conflicts of Interest 73 Corporate Governance Compliance Report and Information Form 96 Statement of Independence 99 Corporate Governance Compliance Report Responsibility Statement 100 PASHA Yatırım Bankası A.Ş. 2021 Annual Report Responsibility Statement 101 Independent Auditor’s Report on the Annual Report of the Board of Directors Financial Information and Risk Management Review 103 Assessments of the Audit Committee on the Activities of Internal Systems 107 Assessments on the Financial Condition, Profitability, Debt Servicing Capability and Realization of the Defined Strategic Objectives 108 Risk Management Policies 109 Information on Ratings Assigned by Rating Agencies 109 Five-Year Summary of Unconsolidated Financial Highlights 110 Publicly Announced Unconsolidated Financial Statements Together with Audit Report at 31 December 2021 Contact Information Contents Previous years’ annual reports of PASHA Bank