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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950130-03-001928.txt : 20030310
<SEC-HEADER>0000950130-03-001928.hdr.sgml : 20030310
<ACCEPTANCE-DATETIME>20030310165407
ACCESSION NUMBER:		0000950130-03-001928
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20021231
FILED AS OF DATE:		20030310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BBVA BANCO FRANCES SA
		CENTRAL INDEX KEY:			0000913059
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12568
		FILM NUMBER:		03598317

	BUSINESS ADDRESS:	
		STREET 1:		RECONQUISTA 199
		CITY:			1003 BUENOS AIRES AR
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		2127595576

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRENCH BANK OF THE RIO DE LA PLATA
		DATE OF NAME CHANGE:	19931005
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML><HEAD>
<TITLE>FORM 6-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <hr size=4 width="100%" noshade color=black> <p align=center><font size=5 face="Times New Roman"><b>FORM 6-K<br></b></font> <font size=5><b>SECURITIES AND EXCHANGE COMMISSION<br></b></font> <font size=3><b>Washington,
D.C. 20549</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="100%"> <p align=center> <font size=3><b>Report of Foreign Issuer</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center> <font size=3 face="Times New Roman"><b>Pursuant to Rule 13a-16 or 15d-16 <br> of the Securities Exchange Act of 1934</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman"><b>For the month of March 11, 2003</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman"><b>Commission File Number: 001-12568</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center> <font size=6 face="Times New Roman"><b>BBVA Banco Franc&#233;s S.A.</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>(Translation of registrant&#146;s name into English)</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"><b>Reconquista 199, 1006 Buenos Aires, Argentina</b></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>(Address of principal executive offices)</b></font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman">Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="25%">
<tr>
<td width="34%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Form 20-F</font></Div> </td>
<td width="15%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Wingdings">x</font></Div> </td>
<td width="34%" valign="top"> <p> <font size=2 face="Times New Roman">Form 40-F</font></p> </td>
<td width="14%" valign="top"> <p> <font size=2 face="Wingdings">o</font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1): </font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="13%">
<tr>
<td width="53%" valign="top"> <p> <font size=2 face="Times New Roman">Yes&nbsp;&nbsp;</font> <font size=2 face="Wingdings">o</font></p> </td>
<td width="46%" valign="top"> <p> <font size=2 face="Times New Roman">No&nbsp;&nbsp;</font> <font size=2 face="Wingdings">x</font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman">Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="13%">
<tr>
<td width="53%" valign="top"> <p> <font size=2 face="Times New Roman">Yes&nbsp;&nbsp;</font> <font size=2 face="Wingdings">o</font></p> </td>
<td width="46%" valign="top"> <p> <font size=2 face="Times New Roman">No&nbsp;&nbsp;</font> <font size=2 face="Wingdings">x</font></p> </td> </tr> </table> <p><font size=2 face="Times New Roman">Indicate by check mark whether by furnishing the
information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="13%">
<tr>
<td width="7%" valign="top"> <p> <font size=2 face="Times New Roman">Yes&nbsp;&nbsp;</font> <font size=2 face="Wingdings">o</font></p> </td>
<td width="6%" valign="top"> <p> <font size=2 face="Times New Roman">No&nbsp;&nbsp;</font> <font size=2 face="Wingdings">x</font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman">If &#147;Yes&#148; is marked, indicate below the file
number assigned to the registrant in connection with Rule 12g3-2(b):&#160; N/A</font></p> <hr size=4 width="100%" noshade color=black>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<a name="toc"></a> <p align=center> <font size=2 face="Times New Roman"><b>BBVA Banco Franc&#233;s S.A.</b></font></p> <p align=center> <font size=2 face="Times New Roman">TABLE OF CONTENTS</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="8%" valign="bottom"> <p> <font size=1 face="Times New Roman"><b>Item</b></font></p> </td>
<td width="91%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="91%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman">1.</font></p> </td>
<td width="91%" valign="bottom"> <p> <font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<a href="#tx651_1">Financial Statements as of December 31, 2002 and 2001 together with Auditor&#146;s Report</a></font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p align=center><font size=2 face="Times New Roman">SIGNATURES</font></p> <p> <font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="26%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="32%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="41%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman"><b>BBVA B</b></font><font size=1><b>ANCO</b></font> <font size=2 face="Times New Roman"><b>F</b></font><font size=1 face="Times New Roman"><b>RANC&#201;S</b></font>
<font size=2 face="Times New Roman"><b>S.A.</b></font></p> </td> </tr>
<tr>
<td width="26%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="32%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="34%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="26%" valign="bottom"> <p> <font size=2 face="Times New Roman">Date:&nbsp;&nbsp;&nbsp;March 7, 2003</font></p> </td>
<td width="32%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p> <font size=2 face="Times New Roman">By:</font></p> </td>
<td width="34%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman">/s/ </font><font size=2 face="Times New Roman">M</font><font size=1 face="Times New Roman">AR&#205;A</font> <font size=2 face="Times New Roman">E</font><font
size=1 face="Times New Roman">LENA</font><font size=2 face="Times New Roman"> S</font><font size=1 face="Times New Roman">IBURU</font>&nbsp;<font size=1 face="Times New Roman">DE</font><font size=2 face="Times New Roman"> L</font><font size=1
face="Times New Roman">&#211;PEZ</font><font size=2 face="Times New Roman"> O</font><font size=1 face="Times New Roman">LIVA</font></p> </td> </tr>
<tr>
<td width="26%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="32%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="34%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td> </tr>
<tr>
<td width="26%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="32%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p><font size=2 face="Times New Roman">Name:</font></p> </td>
<td width="34%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Mar&#237;a Elena Siburu de L&#243;pez Oliva</b></font></p> </td> </tr>
<tr>
<td width="26%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="32%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p> <font size=2 face="Times New Roman">Title:</font></p> </td>
<td width="34%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Investor Relations Manager</b></font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

<table align=center border=0 cellspacing=0 cellpadding=0 width="50%">
<tr>
<td width="100%" valign="bottom"> <p> <font size=2 face="Times New Roman"></font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" valign="bottom"> <p>
<a name="tx651_1"></a> <font size=2 face="Times New Roman"><b>FINANCIAL STATEMENTS AS OF DECEMBER 31,<br> 2002 AND 2001 TOGETHER WITH AUDITOR&#180;S<br> REPORT</b></font></p></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 2 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>BALANCE SHEETS AS OF DECEMBER 31, 2002
AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center><font size=2 face="Times New Roman"> - Stated in thousands
of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>CASH AND DUE FROM BANKS</b></font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">221,394</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">576,810</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Due from banks and correspondents</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">706,200</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,116,722</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">927,594</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,693,532</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>GOVERNMENT AND PRIVATE SECURITIES </b>(Exhibit A)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Holdings in investment accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,846,406</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,222</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Holdings for trading or financial transactions</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,216</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">502,959</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unlisted Government Securities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">142,113</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">673,332</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Investments in listed private securities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,700</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">522</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,992,435</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,186,035</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>LOANS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">To government sector (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,985,975</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,242,979</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">To financial sector (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,540</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">129,078</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">To non financial private sector and residents abroad (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,687,499</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,837,889</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Overdraft</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">151,386</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">718,812</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Discounted instruments</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">221,276</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,460,562</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Real estate mortgage</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">503,377</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,621,086</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Collateral Loans</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,616</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">49,492</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consumer</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">147,223</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">622,101</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Credit cards</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">133,999</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">510,880</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,417,645</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,753,159</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest and listed-price differences accrued and pending collection</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">103,410</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">147,772</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: unused collections</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">284</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">432</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Interest documented together with main obligation</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">149</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">45,543</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Less: Allowances (Exhibit J)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">829,319</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">997,470</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,874,695</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,212,476</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER RECEIVABLES FROM FINANCIAL TRANSACTIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Central Bank of the Argentine Republic</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">298,138</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">139,842</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Amounts receivable for spot and forward sales pending settlement</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,019</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">476,653</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Instruments to be received for spot and forward purchases pending settlement</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">703,634</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">85,946</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unlisted corporate bonds (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">180,619</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">157,491</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other receivables not covered by debtor classification regulations (Note 5)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">434,031</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">217,128</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other receivables covered by debtor classification regulations (Exhibits B, C and D)</font></Div>
</td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,478</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,519</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest accrued and pending collection not covered by debtor classification regulations</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99,756</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">17</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest accrued and pending collection covered by debtor classification regulations (Exhibits B, C
and D)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,734</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">31</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less:&#160; others unused collections</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">157</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Allowances (Exhibit J)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">101,453</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,102</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,645,799</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,102,525</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ASSETS SUBJECT TO FINANCIAL LEASING</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Assets subject to financial leasing (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,269</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">49,130</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less:&#160; Allowances (Exhibit J)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">470</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">727</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">20,799</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">48,403</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>INVESTMENTS IN OTHER COMPANIES </b>(Exhibit E)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">In financial institutions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,284,151</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">508,368</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">239,897</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">283,171</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Less:&#160; Allowances (Exhibit J)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">18,901</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">11,738</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,505,957</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">779,801</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER RECEIVABLES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Receivables from sale of property assets (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">140</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">347</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,372,959</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">340,896</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other accrued interest receivable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less:&#160; Allowances (Exhibit J)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">391,496</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,059</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">981,604</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">338,186</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>PREMISES AND EQUIPMENT </b>(Exhibit F)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">452,383</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">489,977</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER ASSETS </b>(Exhibit F)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">112,743</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">153,838</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>INTANGIBLE ASSETS </b>(Exhibit G)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Goodwill</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">48,285</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">110,972</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Organization and development expenses</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">72,053</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">138,372</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">120,338</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">249,344</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>SUSPENSE ITEMS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">526</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,381</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,634,873</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,262,498</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=4></td>
<td width=4></td>
<td width=318></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 3 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>(Contd.)</b></font></p> <p align=center>
<font size=2 face="Times New Roman"><b>BALANCE SHEETS AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note
17)</font></p> <p align=center><font size=2 face="Times New Roman"> - Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>LIABILITIES</b></font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>DEPOSITS </b>(Exhibits H and I)</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Government sector</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22,699</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">79,946</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Financial sector</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">50,991</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">210,252</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Non financial private sector and residents abroad</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,324,060</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">12,539,672</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Checking accounts</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,179,026</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,533,733</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Savings deposits</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">533,400</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,585,201</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Time deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,425,810</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,788,693</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Investments accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,048</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,561,657</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">583,779</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest and listed-price differences accrued payable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">621,119</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">48,266</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,397,750</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,824,870</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER LIABILITIES FROM FINANCIAL TRANSACTIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Central Bank of the Argentine Republic (Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,164,839</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,266</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,164,839</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">19,266</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Banks and International Institutions (Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">760,005</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">594,258</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Non-subordinated corporate bonds (Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">479,228</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">545,525</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Amounts payable for spot and forward purchases pending settlement</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">392,875</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">98,605</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Instruments to be delivered for spot and forward sales pending settlement</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,665</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">424,270</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Financing received from Argentine financial institutions (Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">75,200</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">301,603</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other (Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">333,353</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">497,907</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest and listed-price differences accrued payable (Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">39,234</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">14,424</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,256,399</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,495,858</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER LIABILITIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,406,521</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">332,225</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,406,521</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">332,225</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ALLOWANCES </b>(Exhibit J)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">471,923</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">113,805</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>SUBORDINATED CORPORATE BONDS </b>(Exhibit I)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">85,001</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">371,489</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>SUSPENSE ITEMS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,052</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">69,231</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL LIABILITIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,623,646</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16,207,478</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>STOCKHOLDERS&#146; EQUITY </b>(as for the related statements of changes in stockholders&#146;
equity)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,011,227</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,055,020</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>TOTAL LIABILITIES AND STOCKHOLDERS&#146; EQUITY</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,634,873</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,262,498</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=4></td>
<td width=5></td>
<td width=317></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 4 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>MEMORANDUM ACCOUNTS</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>DEBIT ACCOUNTS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contingent</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Guaranties received</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,770,724</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,252,232</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra contingent debit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,934,799</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,998,771</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,705,523</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,251,003</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Control</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Receivables classified as irrecoverable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">559,438</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">983,285</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">32,644,480</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,274,246</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra control debit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,172</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">167,007</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">33,230,090</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">35,424,538</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">For trustee activities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Funds received in trust</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">38,929</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">191,994</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">38,929</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">191,994</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">TOTAL</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42,974,542</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">47,867,535</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>CREDIT ACCOUNTS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contingent</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Credit lines granted (unused portion) covered by debtor classification regulations (Exhibits B, C and
D)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">149,777</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">386,550</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Guaranties provided to the BCRA</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,805,504</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,024</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other guaranties given covered by debtor classification regulations (Exhibits B, C and D)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">671,227</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,169,915</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other guaranties given not covered by debtor classification regulations</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,951</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other covered by debtor classification regulations (Exhibits B, C and D) </font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">308,291</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">421,331</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra contingent credit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,770,724</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10,252,232</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,705,523</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,251,003</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Control</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Items to be credited</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,172</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">166,920</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">87</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra control credit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">33,203,918</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,257,531</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33,230,090</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">35,424,538</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">For trustee activities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra credit accounts for trustee activities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">38,929</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">191,994</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">38,929</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">191,994</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">TOTAL</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42,974,542</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">47,867,535</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman">The accompanying notes 1 through 17 and exhibits A through L and N are an integral part of these
statements.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 5 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>STATEMENTS OF INCOME FOR THE FISCAL
YEAR<br> ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2
face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>FINANCIAL INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on cash and due from banks</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,046</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">53,531</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on loans to the financial sector</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,937</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">38,695</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on overdraft</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">179,953</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">178,736</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on discounted instruments</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">63,604</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">206,832</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on real estate mortage loans</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">90,190</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">212,146</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on security agreement loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,661</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,921</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on credit card loans</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">56,677</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">89,420</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on other loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">330,594</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">987,566</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on other receivables from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,427</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">47,334</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Income from guaranteed loans - Decree 1387/01</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,499,312</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">44,048</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net income from government and private securities</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">147,357</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">466,208</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Indexation by benchmark stabilization coefficient (CER)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,026,344</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,323,195</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">157,589</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,776,297</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,490,026</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>FINANCIAL EXPENSE</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on checking accounts</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">250,564</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">32,380</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on savings deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,490</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">45,761</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on time deposits</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">583,530</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">939,935</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on financing to the financial sector</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,115</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,400</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on other liabilities from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">102,050</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">115,047</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other interest</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">682,474</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">36,755</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Indexation by benchmark stabilization coefficient (CER)</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,133,089</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">199,466</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">126,859</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,973,778</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,299,137</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>GROSS INTERMEDIATION MARGIN - GAIN</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,802,519</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,190,889</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ALLOWANCES FOR DOUBTFUL LOANS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">592,113</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">860,884</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>SERVICE INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Related to lending transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">89,129</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">155,784</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Related to liability transactions</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">155,030</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">261,928</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other commissions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">17,226</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">20,767</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">63,618</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">162,490</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">325,003</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">600,969</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>SERVICE EXPENSES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Commissions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">37,659</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">76,531</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,206</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">28,690</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">44,865</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">105,221</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 6 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>(Contd.)</b></font></p> <p
align=center><font size=2 face="Times New Roman"><b>STATEMENTS OF INCOME FOR THE FISCAL YEAR<br> ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally
issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>MONETARY GAIN ON FINANCIAL INTERMEDIATION</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">28,471</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman"><b>&#151;&nbsp;&nbsp;</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OPERATING EXPENSES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Payroll expenses</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">291,855</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">564,077</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Fees to Bank Directors and Statutory Auditors</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">602</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,271</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other professional fees</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,481</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">17,339</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Advertising and publicity</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,359</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">40,657</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Taxes</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">20,478</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,795</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other operating expenses (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">277,230</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">282,807</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">36,586</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">68,348</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">664,591</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,005,294</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>MONETARY LOSS ON OPERATING EXPENSES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(68,996</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>NET GAIN/(LOSS) FROM FINANCIAL TRANSACTIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">785,428</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(179,541</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Income from long-term investments</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">18,186</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Punitive interests</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,686</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,792</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Loans recovered and reversals of allowances</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">41,021</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">79,520</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">416,018</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">290,082</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">459,725</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">392,580</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER EXPENSE</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Losses from long-term investments</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,266,791</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Punitive interests and charges paid to Central Bank of the Argentine Republic</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,618</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Charge for uncollectibility of other receivables and other allowances</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,123,486</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">104,619</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">119,734</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">77,619</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,512,629</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">182,242</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>MONETARY GAIN ON OTHER OPERATIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,415</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>NET (LOSS)/GAIN BEFORE INCOME TAX AND TAX ON MINIMUM PRESUMED INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(1,242,061</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,797</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>NET (LOSS)/GAIN FOR THE YEAR</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(1,242,061</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,797</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman">The accompanying notes 1 through 17 and exhibits A through L and N are an integral part of these
statements.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 7 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>STATEMENTS OF CHANGES IN
STOCKHOLDERS&#146; EQUITY</b><br> <b>FOR THE FISCAL YEAR ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note
17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="56%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="40%" colspan="8" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="40%" colspan="8" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Noncapitalized<br> contributions</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Movements</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Capital<br> Stock</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Premiums on the <br> issuance of shares</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Adjustments to<br> stockholders&#146; equity (1)</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">1.</font></Div> </td>
<td width="52%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Balance at beginning of fiscal year (restated)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">209,631</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">343,215</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">733,009</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">2</font></Div> </td>
<td width="52%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Adjustment to prior-year loss (4)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">3&nbsp;</font></Div> </td>
<td width="52%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Subtotal</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">209,631</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">343,215</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">733,009</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="3" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">4.</font></Div> </td>
<td width="52%" colspan="3" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Decisions of Stockholder&#146;s Meeting of April 5, 2001 and August 7,2002:</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" colspan="3" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="49%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Cash dividends</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" colspan="3" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="49%" valign="bottom"> <p> <font size=2 face="Times New Roman">Capital increase for the subscription of shares (Note 2.3)</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">158,497</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">590,996</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">5.</font></Div> </td>
<td width="52%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Adjustment to Capital Stock of the interest in BBVA Uruguay S.A</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">6.</font></Div> </td>
<td width="52%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Sale of interest in BBVA Uruguay S.A. (Note 2.2)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,657</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">7.</font></Div> </td>
<td width="52%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unrealized valuation difference (Note 1.2.2)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">8.</font></Div> </td>
<td width="52%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net income for the fiscal year &#150; (loss)/gain</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">9.</font></Div> </td>
<td width="52%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Balance at end of the fiscal year</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">368,128</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">934,211</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">754,666</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="56%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=11></td>
<td width=0></td>
<td width=0></td>
<td width=0></td>
<td width=7></td>
<td width=111></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 8 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>(Contd.)</b></font></p> <p align=center>
<font size=2 face="Times New Roman"><b>STATEMENTS OF CHANGES IN STOCKHOLDERS&#146; EQUITY<br>FOR THE FISCAL YEAR ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial
statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="27%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="56%" colspan="14" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="56%" colspan="14" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Retained earnings</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Movements</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Legal</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Other (2)</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Unrealized valuation<br> difference (3)</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Unappropriated<br> earnings</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="3" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">1.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Balance at beginning of fiscal year (restated)</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">425,546</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,789</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">341,830</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,055,020</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,359,543</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">2.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Adjustment to prior-year loss (4)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(154,386</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">3.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Subtotal</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">425,546</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,789</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">341,830</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,055,020</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,205,157</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">4.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Decisions of Stockholder&#146;s Meeting of April 5, 2001 and August 7,2002:</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Cash dividends</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(160,103</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Capital increase for the subscription of shares (Note 2.3)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">749,943</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">5.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Adjustment to Capital Stock of the interest in BBVA Uruguay S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(20,831</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">6.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Sale of interest in BBVA Uruguay S.A. (Note 2.2)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,657</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">7.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unrealized valuation difference (Note 1.2.2)</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">427,118</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">427,118</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">8.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net income for the fiscal year &#149; (loss)/gain</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1,242,061</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1,242,061</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">30,797</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">9.</font></Div> </td>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Balance at end of the fiscal year</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">425,546</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,789</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">427,118</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(900,231</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,011,227</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,055,020</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="80%">
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="76%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>BALANCE AT THE END OF THE FISCAL YEAR</b></font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(1)</font></Div> </td>
<td width="68%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman">Adjustments to stockholders&#146; equity include:</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="17%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">a)</font></Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Adjustment to equity fund appraisal revaluation</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">40,981</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="17%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">b)</font></Div> </td>
<td width="62%" valign="bottom"> <p> <font size=2 face="Times New Roman">Adjustment to Capital Stock</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">713,685</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="17%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="17%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">754,666</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="85%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">(2)</font></Div> </td>
<td width="68%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman">Earnings reserved - Other includes:</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="68%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Mandatory reserve recorded for granting loans to personnel</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,789</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="68%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="8%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">(3)</font></Div> </td>
<td width="82%" colspan="6" valign="bottom"> <p> <font size=2 face="Times New Roman">Including 6,014 related to the interest in the Unrealized valuation difference booked by Rombo C&#237;a.Financiera S.A.</font></p> </td> </tr>
<tr>
<td width="17%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom">&nbsp; </td>
<td width="10%" valign="bottom">&nbsp; </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="8%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(4)</font></Div> </td>
<td width="82%" colspan="6" valign="bottom"> <p> <font size=2 face="Times New Roman">This adjustment was made as a result of the change in the criterion follow by the Bank to determinate the income tax charge</font></p> </td> </tr> </table> <p
align=center> <font size=2 face="Times New Roman">The accompanying notes 1 through 17 and exhibits A through L and N are an integral part of these statements.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 9 -</font></p> <p align=center><font size=2 face="Times New Roman"><b>STATEMENTS OF CASH FLOWS FOR THE FISCAL
YEAR<br> ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2
face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>CHANGES IN CASH FLOWS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Cash and due from banks at beginning of fiscal year (restated)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,693,532</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,103,494</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(Decrease)/increase in cash and due from banks</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(765,938</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">590,038</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Cash and due from banks at end of the fiscal year</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">927,594</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,693,532</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>CHANGES IN FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Financial income collected</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,526,216</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,935,600</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Service charge income collected</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">347,835</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">597,470</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less:</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Financial expenses paid</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,182,230</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,265,713</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Services charge expenses paid</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">44,836</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">105,491</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Operating expenses paid</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">490,549</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">871,978</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>FUNDS (USED IN)/PROVIDED BY RECURRING OPERATIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(843,564</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">289,888</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER SOURCES OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in other liabilities from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,708,282</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">262,991</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in other liabilities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">824,310</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net decrease in loans</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,422,400</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net decrease in government and private securities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">831,576</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net decrease in other receivables from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,011,064</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,885,678</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Cash Capital contribution</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,973</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other sources of funds</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">853,579</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">374,414</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL OF SOURCES OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,850,608</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,354,659</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>USE OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net increase in government and private securities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">231,926</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">286,636</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in other assets</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,798,888</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">195,726</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net decrease in deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,999,698</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,326,488</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net decrease in other liabilities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">34,580</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash dividends</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">160,103</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other uses of funds</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">33,509</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">50,976</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>TOTAL USES OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,064,021</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,054,509</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>MONETARY (LOSS) INCOME GENERATED ON CASH AND DUE FROM BANKS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(708,961</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>(DECREASE)/INCREASE IN FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(765,938</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">590,038</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <p align=center> <font size=2 face="Times New Roman">The accompanying notes 1 through 17 and exhibits A through L and N are an integral
part of these statements.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 10 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>NOTES TO THE FINANCIAL
STATEMENTS</b></font></p> <p align=center> <font size=2 face="Times New Roman"><b>AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish
&#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">(Stated in thousands of pesos)</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>1.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>ARGENTINE ECONOMIC CONTEXT AND ITS IMPACT ON THE BANK&#146;S ECONOMIC AND FINANCIAL POSITION.</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>1.1.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>General Aspects</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Argentine Republic finds itself immersed in a delicate economic context, which makes up a framework which has as main indicators a high level of external
indebtedness, high interest rates, a significant decrease in the deposit level, a country risk which has reached levels out of the habitual averages and a recession which has lasted for more than four years. This situation has led to an important
fall in the demand of products and services as well as a significant increase in the level of unemployment. The Federal Government&#146;s capacity to fulfill its obligations and the possibility to access to credit lines has also been affected by
these circumstances.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">On November 30, 2001, owing to the severe loss of deposits from the financial system, the Government issued Decree No.1570/01, which set tight restrictions on the
withdrawal of cash from banks and controls on the transfer of funds abroad while fostering an increased dollarization of the economy.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">By the end of the last year, the deterioration of the economic and financial situation affected the institutions, with several successive changes taking place at the
highest levels of the Federal Executive, which culminated with National Congress electing a new President to complete the constitutional period until December 10, 2003. In the interim, the suspension of payments on public debt, was
declared.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On January 6, 2002, the Argentine Congress approved Law No. 25,561 on Public Emergency and Exchange System Reform that introduced dramatic changes to the economic
model implemented until that date and that amended the Convertibility Law approved in March 1991.&#160; The new law empowers the Federal Executive to implement, among other things, additional monetary, financial and exchange measures to overcome the
economic crisis in the medium term.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">Subsequently, the Federal Government issued different decrees and rules that amended or supplemented existing rules and regulations. The main new measures
were:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.1.1.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Conversion of receivables and liabilities into Argentine pesos (pesification).</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The pesification system set up by the Federal Government under Law 25,561, Decrees No. 214/02, 410/02, 471/01, 494/02 as supplemented, establishes as
follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The switch into pesos of all the obligations, whatever their cause or origin, to deliver sums of money stipulated in US dollars or any other foreign currency outstanding as of the
date of enactment of Law No. 25,561, with the exceptions, mainly, of financing related to foreign trade granted by financial institutions, and the private and government sectors&#146; obligations to deliver sums to which foreign law is
applicable.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The switch into pesos of all deposits with all financial institutions stipulated in US dollars or other foreign currencies at an exchange rate of 1.4 Argentine pesos to each US
dollar, or its equivalent in any other currencies.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">c)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The switch into pesos of all debts towards financial institutions stipulated in US dollars or other foreign currencies of the non financial private sector, whatever the amount or
nature, at the exchange rate of one Argentine pesos to each US dollar, or its equivalent in any other currencies.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 11 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">d)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The switch into pesos of all debts towards financial institutions stipulated in US dollars or other foreign currencies which are only subject to Argentine Law within the financial
system, at the exchange rate of 1.4 Argentine pesos to each US dollar, or its equivalent in any other currencies.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">e)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The switch into pesos of due-and-payable obligations to pay amounts, for any cause or of any origin, stipulated in US dollars or any other foreign currencies, unrelated to
financial institutions and whatever their origin or nature, at the exchange rate of one Argentine pesos to each US dollar, or its equivalent in any other currencies.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">f)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The adjustment of loans and the deposits and debts mentioned in (b) to (d) above by application of a &#147;Benchmark Stabilization Coefficient&#148;, which is published by the
Central Bank of the Argentine Republic (BCRA).&#160; In addition, minimum and maximum interest rates will be applied on deposits and loans, respectively.&#160; The Coefficient mentioned above is applied as from the issuance of Decree No.
214/2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">All those loans granted to individuals on the side of financial institutions which have as a mortgage security the single dwelling home; personal loans, in due time agreed upon
the amount of USD 12,000 or another foreign currency; and those secured personal loans in due time agreed upon the amount of USD 30,000 or another foreign currency are excluded from the CER application. Such loans will be adjusted by the application
of the Salary Variation Coefficient, keeping the originally agreed interest rate.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">The obligations of any nature or origin to be generated after Law No. 25,561 has been enacted may not include, or become subject to any adjustment provision.</font></p> </td> </tr>

<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">g)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The switch into pesos of inter-financing loans in foreign currency at an exchange rate of 1.4 Argentine pesos to each US dollar or its equivalent in other currencies, except for
those which have relation with the import or export pre-financing or financing shall be settled at the floating exchange rate.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">h)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The issuance of a Bond backed by Argentine Treasury funds to bear the imbalance in the banking system resulting from the exchange difference stemming from the switch into
Argentine pesos of the deposits with, and debts owed to, the banking system.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><i>1.1.2.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Bankruptcy and insolvency law</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As from the enactment of Law No. 25,563, dated January 30, 2002, which pronounces the credit and production emergency until December 10, 2003, all court and
out-of-court foreclosures as well as the procedure of creditors&#146; petitions in bankruptcy have been suspended. Once the considered term in the legal order matured, such suspensions were voluntarily postponed until February 1, 2003 by the ABAPRA
(Argentine Association of Government and Private Owned Banks) and the ABA (Argentine Bank Association).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Finally, by Decree 204 dated February 4, 2003, a voluntary conciliation procedure was established, by which the Legal Emergency Units were established for a ninety-day
term within the Department of Labor and Production. These units shall take part in the foreclosures at the request of either debtors or creditors.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><i>1.1.3.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Exchange system</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">During the first quarter of the fiscal year and as the economic crisis deepened, the Federal Government established a series of restrictions and exchange controls,
which have been made gradually flexible towards the end of the fiscal year owing to the stability of the exchange parity. The main exchange rules in force as the date of issuance of these financial statements are as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">By Decree No. 260/2002 dated February 8, 2002, the Federal Executive established a single and free exchange market by which, as the date of issuance of this decree, all exchange
transactions in foreign currency are conducted.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Foreign exchange transactions in the floating market have, among others, the following characteristics:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The exchange rate will be freely agreed between supply and demand. As of December 31, 2002, the exchange rate was 3.363 Argentine pesos to each US dollar, and as the date of
filling this financial statements, the exchange rate was 3.18 Argentine pesos to each US dollar.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 12 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Foreign exchange transactions may only be carried out at institutions authorized by the BCRA.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Criminal Foreign Exchange Laws will apply to transactions that do not conform to effective regulations.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Certain requirements related to the registration of transactions and customer identification and certain provisions of the information system must be complied with.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The foreign trade transactions as well as the transfers abroad are regulated by the BCRA as regards previous agreement and the settlement and term method, according to the kind of
transaction.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Income and dividend payments abroad related to audited balance sheets shall be able to be carried out.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">In accordance with Communiqu&#233; &#147;A&#148; 3880, the maximum limit of Foreign Exchange Position (PGC) of the financial institutions, basically made up of the foreign
currency holding plus availabilities in that currency within the country or abroad and foreign currency term transactions is equivalent to 10% of the R.P.C. registered as of November 30, 2001, with a minimum equivalent adding to the sum of USD
1,000,000 for banking institutions.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.1.4.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Compensation to Financial Institution</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">According to the provisions of Law No. 25,561 and Decrees No. 214/02, No. 494/02, No. 905/02 and No. 2167/02 the Federal Government established a compensation for
Financial Institutions for the negative monetary effects arising from conversion into Argentine pesos at an asymmetrical exchange rate of receivables and payables denominated in foreign currency, as well as for the net negative position in foreign
currency resulting from its conversion into Argentine pesos.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">BCRA Communiqu&#233;s &#147;A&#148; 3650 and &#147;A&#148; 3716, as supplemented, determined the compensation procedures as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">It was taken as reference the balance sheet of the Financial Institution as of December 31, 2001, to which those assets affected by Decrees No. 214/02 y No. 471/02 registered in
branches and subsidiaries abroad of local financial institutions were included in the asset.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The stockholders&#146; equity resulting from the balance sheet mentioned in (a) was adjusted by applying the exchange rate of 1.4 Argentine pesos to each US dollar, or its
equivalent in any other currency, to the net position in foreign currency.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">c)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The amount to be compensated is the positive difference between the adjusted stockholders&#180; equity determined on the basis of (b) above and the stockholders&#180; equity
resulting from conversion into pesos of certain assets and liabilities in foreign currency at the exchange rates defined by the rules and regulations.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">d)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The compensation for each Financial Institution, determined in Argentine pesos, will be paid by delivering &#147;Federal Government Bonds in Argentine pesos at a 2% rate, maturing
in 2007&#148;.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">e)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Financial Institutions will have the right to request the Bond swap mentioned in d) for &#147;LIBOR 2012 Federal Government Banks denominated in US dollars&#148; at the exchange
rate of 1.4 Argentine pesos to each US dollar, for up to the amount of the net negative position in foreign currency, resulting from conversion into pesos of assets and liabilities booked in the balance sheet as of December 31, 2001, as per the
above paragraphs.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">f)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Federal Government, through the Ministry of Economy, may issue additional bonds in US dollars to be subscribed by Financial Institutions up to the amount of the net position
in foreign currency of such Financial Institution and after allocating all the holdings in Bonds denominated in Argentine pesos received as a compensation. The subscription price of such will be 140 Argentine pesos to 100 dollars, face
value.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Subsequently, the Federal Government and the BCRA issued different amendments (Decrees No. 2167/02 and No. 53/03, and Communiqu&#233;s &#147;A&#148; 3825 and
&#147;B&#148; 7564, among others), which originated changes in the amounts to be received in compensation, causing the presentation of three informative requirements on the </font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 13 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">side of the financial institutions. As the date of issuance of these financial statements, there are pending regulation issues which can generate additional amendments
to the amount determined by the financial institutions. The BCRA has also started to carry out inspections in the financial institutions so as to make the compensation figures valid.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.1.5.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Government Securities and Loans to the Government Sector - Guaranteed Loans &#150; Decree No. 1387/2001</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On November 1, 2001, through Decree No. 1387/2001, the Federal Executive instructed the Ministry of Economy to offer, on a voluntary basis, the federal and provincial
public debt swap for loans secured by the Argentine State or the Provincial Development Trust Fund aiming at obtaining a reduction of the interest related to the securities converted as well as extending amortization terms.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Decrees Nos. 1387/01 and 1646/01 established the basic characteristics of secured loans, including: conversion at nominal value plus interest of the swapped
obligations (at a one-to-one rate), issuance in the same currency as the one of the swapped obligation; tax exemption on the difference both between the conversion and market values or the booking as well as the interest and secured loans; use of
resources from the tax on bank account transactions and in general of all the resources related to the federal Government on account of the Federal Tax Revenue Sharing System as a guarantee of all the principal and interest maturity dates of secured
loans.&#160; In addition, Decree No. 471/02 provided, among other things, the conversion into pesos of all federal, provincial and municipal obligations denominated in foreign currency on which only Argentine law is applicable at the exchange rate
of 1.4 Argentine pesos to each US dollar or its equivalent in other foreign currencies and adjustment thereof through the Benchmark Stabilization Coefficient and the kind of interest applicable to each secured loan and security based on the average
life and original issuance currency.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">Subsequently, the Federal Executive issued Decree No. 644/02 and 79/03 establishing the steps to be followed by banks to accept the new conditions, for purposes of
receiving principal and interest payments on guaranteed loans. If the new conditions are not accepted, the banks receive the securities originally submitted for the swap.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On August 27, 2002, through Decree No. 1579/02, the Federal Executive instructed the Trustee Fund for Provisional Development to bear provincial debt in the form of
Government Securities, Bonds, Treasury Bills, or Loans voluntary converted into Secured&#160; Bonds.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Later, on October 25 and November 12, 2002, through Resolutions Nos. 539/02 and 611/02, respectively, the Ministry of Economy established the unified calculation
mechanism for all debts included in the conversion system under Decree No. 1579/02, and it provided the term for Financial Institutions that submitted bids to convert provincial debt under Section No. 25, Decree No. 1387/01, as supplemented, to
express their will to withdraw them.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">On November 19, 2002, the Economy Ministry issued Resolution No. 624/02, by which the provincial public debt eligible for the swap of provincial public debt for bonds
and guaranteed loans issued by the Fiduciary Fund for Provincial Development is established. As the date of issuance of these financial statements, the process of provincial debt swap has not been improved yet.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.1.6.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Deposits and liabilities of the government and private sectors</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>Balance rescheduling</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As mentioned in the above paragraphs, the Federal Executive has issued Decree No. 1570/01 establishing severe restrictions on the withdrawal of funds from Financial
Institutions. Subsequently, a number of rules were issued that established a schedule for maturity of deposits existing in the financial system. The BCRA issued a number of Communiqu&#233;s that established the schedule for returning deposits on the
basis of their currency and amount.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">Finally, as of December 2, 2002, by Resolution 668/02 of the Economy Ministry dated November 25, 2002, the restrictions to the amounts which can be withdrawn from
amended demand accounts were eliminated, putting an end to the so-called &#147;corralito financiero&#148; (freeze on deposits withdrawals). It is important to make clear that the reprogramming deposit system is still in force. Its main
characteristics are as follows:</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 14 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Peso-denominated deposits (term deposits):</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="85%">
<tr>
<td width="55%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=1 face="Times New Roman"><b>Amount (in thousands of pesos)</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Number of<br> installments</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Payment schedule</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="23%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">From ARS 0.4 to ARS 10</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">4</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">As from March 2002</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">From ARS 10 to ARS 30</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman">12</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom"> <p> <font size=2 face="Times New Roman">As from August 2002</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Above ARS 30</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">24</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">As from December 2002</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Rescheduled deposits, originally agreed upon in pesos, will accrue interest at a nominal rate of 7% p.a. on balances, which will be paid on a monthly basis as from February
2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Deposits denominated in foreign currency, converted into pesos at the exchange rate of 1.4 Argentine pesos to each US dollar (deposits in checking account exceeding USD 10,000,
deposits in savings account exceeding USD 3,000 and term deposits):</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="85%">
<tr>
<td width="55%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=1 face="Times New Roman"><b>Amount (in thousands of pesos)</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Number of<br> installments</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Payment schedule</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="15%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="23%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">From&#160; ARS 1.2 to ARS 7</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">12</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">As from January 2003</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">From&#160; ARS 7 to ARS 14</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman">12</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom"> <p> <font size=2 face="Times New Roman">As from March 2003</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">From&#160; ARS 14 to ARS 42</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">18</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">As from June 2003</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="55%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Above ARS 42</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman">24</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="23%" valign="bottom"> <p> <font size=2 face="Times New Roman">As from September 2003</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Rescheduled deposits, originally agreed upon in foreign currency, will accrue interest at a nominal rate of 2% p.a. on balances, which will be paid on a monthly basis as from
February 2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <p> <font size=2 face="Times New Roman"><u>Swap I</u></font></p> <p> <font size=2 face="Times New Roman">Decrees No. 494/02, No. 620/02 and
905/02 established the general conditions and the procedure through which the owners of deposits in Argentine pesos and in foreign currency may exercise the options to receive in accord and satisfaction of their deposits, Federal Government Bonds.
The different options were established on the features of their deposits, and consist in the reception of&#160; &#147;Federal Government Bonds in Argentine pesos at a 2% rate, maturing in 2012&#148;, &#147;Federal Government&#160; Capitalized Bonds
in US dollars at LIBOR plus 1%, maturing in 2012&#148; and &#147;Federal Government Bonds in Argentine pesos at a 3% rate, maturing in 2007&#148;. That option matured in July 2002.</font></p> <p> <font size=2 face="Times New Roman"><u>Swap
II</u></font></p> <p> <font size=2 face="Times New Roman">By Decrees No. 1836/02 and 2167/02, the Federal Government established the basis for the Swap II of deposits from the Financial System, by which the holders of such deposits shall be able to
opt.</font></p> <p> <font size=2 face="Times New Roman">Under the above regulations, the holders of certificates of rescheduled deposits originally made in foreign currency may opt to receive &#147;Federal Government Bonds in US dollar 2013&#148;
from the related bank in exchange for such certificates. These bonds will be subscribed at the rate of USD 100 (face value) for each ARS 140 (face value) of the certificate.</font></p> <p><font size=2 face="Times New Roman">The Financial
Institutions where such deposits were made shall grant deposit holders a put option for principal or interest coupons. The exercise price in pesos shall equal the bon coupon face value in US dollars converted into pesos at the exchange rate of 1.4
Argentine pesos to each US dollar, and adjusted by the benchmark stabilization coefficient from February 3, 2002, through the coupon maturity date.</font></p> <p> <font size=2 face="Times New Roman">Deposit holders may opt to convert the rescheduled
amount into fixed-term bills in pesos issued by each bank, jointly with an option issued by the Federal Government to switch them into the original currency.</font></p> <p> <font size=2 face="Times New Roman">On the other hand, those who opted to
receive &#147;Federal Government Bonds in US dollars 2005&#148; or &#147;Federal Government Bonds in US dollars 2012&#148; under decree No. 905/02 (Swap I) may choose to ask the bank from which they received the above bonds to grant them the above
put option or to exchange the bonds for fixed-term bills.</font></p> <p> <font size=2 face="Times New Roman">The BCRA under Communiqu&#233; &#147;A&#148; 3833 extended the term up to March 12, 2003 for the exercise of the above-mentioned swap
options, which originally matured on December 12, 2002.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 15 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">For purposes of obtaining such Bonds, the Financial Institutions must first apply their holding in &#147;Federal Government Bonds at a 9% rate maturing in 2002&#148;.
For the remaining amount of bonds to be subscribed on behalf of depositors, Financial Institutions may opt between:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Swap them for certain assets (assistance to the public and private sector) in accordance with an established priority order.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Obtaining advances from the BCRA in Argentine pesos secured by guarantees in the amount required to acquire the abovementioned Bonds.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">c)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Pay them with their own resources without receiving the BCRA&#180;s financial assistance.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.1.7.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Legal actions</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">The measures adopted by the Federal Executive with respect to the political, economic, financial and foreign exchange emergency triggered a number of legal actions to
be filed by individuals and companies, in the form of constitutional protection actions (judicial injunctions resulting in the immediate release of frozen deposits), against the Federal Government, the BCRA and Financial Institutions as the
petitioners consider that the Law on Public Emergency and its supplementary provisions are unconstitutional. Based, mainly in the &#147;Kiper against Federal Government and Others&#148; case, dictated by the Supreme Court, the courts massively
started to dictate through constitutional protection actions, the partial reimbursement of bank deposits in US dollars or Argentine pesos at the &#147;floating&#148; exchange rate. The Supreme Court has not dictated about the constitutional
sustenance of the &#147;switch to pesos&#148; established by the Federal Government.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On March 11, 2002, the Argentine Association of Government-owned and Private Banks and the Argentine Bank Association filed a &#147;per saltum&#148; appeal with the
Argentine Supreme Court under section 195 bis of the Argentine Code of Civil and Commercial Procedure (according to the modification introduced by Law No. 25,561). The appeal was filed for the benefit of government-owned and private banks that are
members of such associations and was based on the Argentine institutional and systematic crisis and on the need to comply with effective regulations to attain an ordered and gradual solutions for the restrictions affecting the financial system and
guaranteeing a plurality of interest. Such appeal seek communication to all federal courts of cases in which precautionary measures have been enforced or are about to be enforced since the effective date of Decree No. 1570/01 until March 11, 2002,
against banks that are members of such associations.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">On April 26, 2002, Law No. 25,587 was published in the Official Gazette of the Argentine Republic. This law establishes limitations to those precautionary measures that
judges may adopt regarding the deposits affected by the provisions of Law No. 25,561 as supplemented. With some exceptions, the law establishes that: a) the precautionary measures cannot consist in giving the petitioner the deposited funds, and that
b) those appeals which interfere against them have a suspension effect, that is to say, that they must not be executed until they have been given the final order.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Finally, on July 24, 2002, the Federal Executive issued Decree No. 1316/02 establishing the temporary suspension for 120 business days of compliance with and
enforcement of precautionary measures and final judgments issued in the legal actions referred to in section 1 of Law No. 25,587. Court orders must be recorded in financial institutions in chronological order and informing that measure to the court
and the BCRA. Suspended resolutions will be complied with after expiration of the term in their chronological order and within 30 business days. In the case of exceptions to the above rules, the measure will presented to the BCRA that will comply
with the court orders on behalf and account of the Bank.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><i>1.1.8.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Information requirements and technical relations</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The BCRA by different Communiqu&#233;s established extensions for the presentation of the informative requirements and requested the financial institutions specific
information as an exception. As the date of issuance of these financial statements, the BCRA keeps the informative requirements related to Minimum Capital Agreement and Integration, Liquidity Position and Fixed Asset Relation and Other
suspended.</font></p> </td> </tr> </table>

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<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 16 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>1.2.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>Particular situation</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.1.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;The impact of the crisis</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">Since late in the year ended on December 31, 2001, the financial system in general and the Bank in particular have to cope with a significant impact in their liquidity
position, mainly as a result of mass withdrawals of deposits, constitutional protection actions by depositors, the ordering of precautionary measures and immediate measures by tribunals, the suspension of court-enforced collections and foreclosures,
and the enactment of numerous laws, decrees, resolutions from the Ministry of Economy and Communiqu&#233;s by the BCRA, which led to frequent changes in the Bank&#180;s positions.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The liquidity crisis became especially aggravated in the second quarter of the year, when cash withdrawals (accelerated by the uncertainty derived from cash withdrawal
restrictions) and the reimbursement of deposits under precautionary measures, actions for infringement of fundamental rights and freedoms, and immediate measures reached their maximum level.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The situation described above led the Board of the Bank to decide the implementation of a plan to strengthen the Bank&#180;s stockholders&#180; equity and liquidity.
Similarly, the BCRA in exercise of its powers requested that the Bank formally submit the above-mentioned plan before that body. The mentioned plan was mentioned intended to regularize and reorganize the aspects related to complying with the
technical regulation on minimum cash, which had been affected by the above-mentioned liquidity crisis triggered by the fall of deposits, court rulings on the actions brought by depositors, and by regulatory changes on prudential regulations. Such
plan comprised the measures that had been adopted in April and May 2002, in relation to the financial assistance received from BBVA Madrid and the BCRA, the sale of a stock holding, the commencement of the execution of an administrative
restructuring plan and the decision to capitalize the Institution (see note 2). Such plan was updated in October, 2002. However, as the date of issuance of these financial statements, the B.C.R.A. has not given an opinion in this respect.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">As from July 2002, BF has regulated its liquidity position, fulfilling this way with the technical resolutions required, under this concept, by the BCRA.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.2.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Compensation to Financial Institutions for the effects of the devaluation and conversion into pesos</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Bank has submitted the BCRA three informative requirements regarding the amount to be compensated according to the Federal Executive Decree 905/02 dated August 5,
September 12 and December 23, 2002, respectively. The final amount to be compensated, which originates from the last presentation made by BF on December 23, 2002, amounts to 797,300. BF applied this amount to the subscription of BODEN 2012 for a
nominal value of thousands of USD 569,500 (at the exchange rate of 1.4 Argentine pesos to each US dollar). In addition, so as to cover the remaining negative foreign currency position after the pesification, the Bank requested the BCRA an advance
payment to subscribe the above-mentioned bonds up to the concurrence of negative net foreign currency position for the amount of thousands of USD 37,039.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">On September 11, 2002, the BCRA credited BODEN 2012 for a nominal value of thousands of USD 421,890, and on October 29, 2002 for a nominal value of thousands of USD
88,894 (net of collateral security margin of 15%), in accordance with a previous compensation estimate. Such Bonds are currently blocked until the BCRA&#146;s definite approval regarding the compensation amount is given.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Bank keeps registered in its asset BODEN 2012 for an amount of 1,751,417 (under &#147;Government Securities&#148;) and BODEN 2012 to be received for an amount of
328,331 (under &#147;Other receivables from financial transactions&#148;), related to a nominal value of thousands of USD 606,539. As mentioned in note 1.1.4., as the date of issuance of these financial statements, there are pending regulation
issues which can cause additional amendments to the amounts established by the Bank. Such amounts are also pending validation on the side of the BCRA. As for what has been explained, it is not possible to determine the effect of these issues on the
compensation values registered by the Bank. The current financial statements do not include any adjustment that may derive from the resolution of these uncertainties.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">As required by BCRA Communiqu&#233; &#147;A&#148; 3703, the compensation received was booked in January, 2002, as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The gain resulting from the asymmetrical switch into pesos, which amounted to 1,208,740 (historical value 591,301), was allocated to &#147;Financial Income &#149; Gold and foreign
currency exchange difference&#148;, for the purpose of neutralizing the negative effects of the switch into pesos.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 17 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The amount of compensation received for the difference between Stockholders&#180; Equity as of December 31, 2001, and the Stockholders&#180; Equity that resulted from adjusting
the net position in foreign currency switched into pesos at the exchange rate of 1.4 Argentine pesos to each US dollar, amounting to 421,104 (historical value 205,999), was allocated to the Stockholders&#180; Equity account &#147;Unrealized
valuation difference from compensation of the net position in foreign currency&#148;.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><i>1.2.3.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Assistance to the Government Sector</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Pursuant to Decrees Nos. 1387/01 and 1646/01, the Bank and its subsidiaries swapped a portion of their holdings in federal government securities and/or loans to the
federal government sector outstanding as of November 6, 2001, for a nominal value of USD 3,291,795 thousands, for Guaranteed Loans amounting to USD 3,360,403 thousands.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Subsequently, the Federal Executive established, by Decree No. 644/02, the steps that the Financial Institutions were to follow to accept the new conditions so as to
receive the payments of principal and interest related to the Guaranteed Loans. On May 22, 2002, the Bank accepted the abovementioned changes to the conditions of the Guaranteed Loans, while its subsidiary, Banco Franc&#233;s (Cayman) did it on July
12, 2002. On the other hand, Consolidar AFJP S.A., Consolidar C&#237;a. de Seguros de Vida S.A., and Consolidar C&#237;a. de Seguros de Retiro S.A. (except for loans for a face value of thousand of USD 34,034, which new conditions were accepted on
May 21, 2002) did not accept the changes to the conditions of the Guaranteed Loans for a face value of thousand of USD 487,642. This means reverting to the original government securities, i.e. those that had been submitted for swapping.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">In addition, the bank has presented before Banco de la Naci&#243;n Argentina, in its capacity as trustee for the FFDP (Provincial Development Trust Fund), provincial
governments securities and loans granted to the government sectors of the provinces for a nominal value of USD 480,970 thousands, so as carry out the swap provided by Decree No. 1387/01. Such transaction is recorded under the account Loans for the
abovementioned value plus related accrued interest receivable as of December 31, 2002, switched into pesos at the exchange rate of 1.4 Argentine pesos to each US dollar and adjusted by the CER.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On December 26, 2002, the Economy Ministry accepted the offers of conversion of the Provincial Public Debt into Guaranteed Bonds, implemented in loans and that
represented in Government Securities. This way, the Bank registered the interest accrual of these holdings and financing according to the new interest rate.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, and 2001 the Bank carried the following receivables from the government sector:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">1.&nbsp;&nbsp;&nbsp;Government securities in portfolio and affected to liability repurchase agreements:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="85%">
<tr>
<td width="59%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12.31.02</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12.31.01</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>BBVA Banco<br> Franc&#233;s</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Consolidated<br> Position</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Consolidated<br> Position</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine Federal Government 9% Bonds-2002</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">462,771</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine Republic External Bills</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">713,314</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">713,314</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">446,233</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Tucum&#225;n Provincial Treasury Bonds</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">47,411</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">47,411</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">106,742</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">CCF (Tax credit certificate)</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">92,372</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">92,372</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">101,153</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Argentine Federal Government Bonds-LIBOR 2012</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,751,417</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,751,417</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Treasury Bills</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">59,715</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">72,090</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,461</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">LECOP Bonds Treasury Bills</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,330</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,875</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,124</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,332</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">62,788</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">44,373</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,667,891</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,749,267</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,194,857</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <font size=2 face="Times New Roman"></font> <p align=center> <font size=2 face="Times New Roman">-&nbsp;18&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">2.</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Credit assistance to the government sector:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="85%">
<tr>
<td width="59%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="24%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12.31.02</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12.31.01</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="24%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>BBVA Banco <br> Franc&#233;s</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Consolidated position</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Consolidated position</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="56%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Federal Government secured loans - Decree No. 1387/01 (net of discounts)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,060,875</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,505,262</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,400,557</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="56%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Loans to the provincial public sector</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Buenos Aires</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">105,011</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">105,011</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">111,841</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom"> <p> <font size=2 face="Times New Roman">C&#243;rdoba</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">329,212</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">329,212</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">350,244</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Entre Rios</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100,876</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100,876</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">107,436</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom"> <p> <font size=2 face="Times New Roman">Chaco</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">187,784</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">187,784</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">199,996</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Formosa</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99,460</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99,460</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">105,930</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom"> <p> <font size=2 face="Times New Roman">Santa Fe</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">127,353</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">127,353</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">134,834</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Misiones</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68,983</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68,983</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">73,469</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="52%" valign="bottom"> <p> <font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">110,788</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">110,788</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">159,858</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="56%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Loans to other public sector agencies</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">795,633</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">795,633</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">907,856</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,985,975</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,430,362</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,552,021</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=right> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="59%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Allowances</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(198,825</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">3.</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Compensation to be received from the Federal Government: as detailed in notes 1.1.4. and 1.2.2., the Bank and it subsidiary (Credilogros C&#237;a. Financiera) booked as
&#147;Other receivables from financial transactions &#149; Other receivables not covered by debtor classification regulations&#148; in 337,772, which reflects the amount pending compensation, as established by Decree No. 905/02.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Taking into account that: a) the BCRA standards do not require the setting up of allowances for doubtful accounts for credit assistance granted to the public sector,
b) the Federal Government has announced the suspension of payment of the national debt services for those bonds which have not been swapped for guaranteed loans (from which 83,156 during the 2002 fiscal year were received in concept of interest
services), c) the Federal Government Bonds in Dollars 2012 received and to be received in compensation for the devaluation effects are valued at their technical value, while their listed price is not representative of the value for which they could
be sold out in the market; since the total volume has not been significant, it is not possible to determine the effect that these issues could have on the recoverability of the book values of these holdings and financing.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><i>1.2.4.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;<i>Assistance to the Private Sector</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The effects resulting from the crisis that Argentina is currently enmeshed by and the difficulties evidenced in the payment chain have had a negative impact on the
Bank&#146;s credit assistance of debtors from the commercial and consumer portfolios generating ever increasing deterioration.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <font size=2 face="Times New Roman"></font> <p align=center> <font size=2 face="Times New Roman">-&nbsp;19&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, and 2001 the Bank carried the following receivables from the government sector:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="85%">
<tr>
<td width="53%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>12.31.02</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12.31.01</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="12%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>BBVA Banco<br> Franc&#233;s</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Consolidated<br> position</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Consolidated<br> position</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Commercial loans portfolio</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,807,006</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,905,413</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,813,964</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p><font size=2 face="Times New Roman">Consumer loans portfolio</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,052,409</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,107,310</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,078,291</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Debt securities</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">180,652</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">250,217</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">209,848</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p><font size=2 face="Times New Roman">(Allowances loan portfolio)</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1,136,636</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1,163,191</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1,273,990</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="53%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(Allowances on debt securities)</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(72,612</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(117,731</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(6,354</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,830,819</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,982,018</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,821,759</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="53%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The Bank has carried out an analysis of its loan portfolio in the light of the new events and has booked as of December 31, 2002, incremental charges for allowances with the
object of achieving a major degree of hedge for doubtful accounts in accordance with the BCRA standards.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.5.</i></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Deposits. Rescheduling of balances. Swap for Government Bonds (Swap I and II)</i></font></p> </td> </tr>
<tr>
<td>&nbsp; </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman"><u>Swap I</u></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The Bank&#180;s customers opted to swap their rescheduled deposits into bonds as follows:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="80%">
<tr>
<td width="75%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Amount in thousands of pesos</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Section 2 of Decree No. 905/2002</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">608,688</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Section 3 of Decree No. 905/2002</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,709</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Section 4 of Decree No. 905/2002</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">93,128</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Section 5 of Decree No. 905/2002</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">36,752</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Section 24 of Decree No. 905/2002</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,107</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="20%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">778,384</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="20%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">% of total deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10.74</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">% of deposits eligible for swap</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">31.20</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Bank swapped the following holdings for the mentioned bonds subscription:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Argentine Federal Government 9% Bonds for a valuation (without the CER) of 298,295.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Federal Government secured loans for an average booking amount of 285,234.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Bank has requested an advance from the BCRA for the difference (194,855).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman"><u>Swap II</u></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On December 12, 2002, the Bank received the following options from depositors:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="80%">
<tr>
<td width="75%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Amount in thousands of pesos</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Federal Government Bonds in US dollars maturing in 2013</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">277,636</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Federal Government Bonds in US dollars maturing in 2006</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">185</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Certificate of deposit T-bills in pesos</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,709</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="20%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">279,530</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="20%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="75%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">% of deposits eligible for swap</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15.73</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <font size=2 face="Times New Roman"></font> <p align=center> <font size=2 face="Times New Roman">-&nbsp;20&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Additionally, the Bank reimbursed in cash 192,876 in rescheduled deposits pursuant to the option provided by the BCRA which, in the case of the Bank, totaled pesos
10,000 plus CER.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.6.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Deferred Tax</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, the Bank registers under Other Receivables (in the Tax Advance account) a taxable deferred asset of 366,000. Since this net deferred asset
arises from temporary measure differences between the current BCRA accounting and fiscal standards, and taking into account that on a significant part of the assets which are generated there are uncertainties regarding the way to determine the
recoverable value, accordingly, these uncertainties affect this asset recoverability.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><i>1.2.7.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Legal actions</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">I)&nbsp;&nbsp;Constitutional protection actions</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Bank has been notified of injunctions, mainly pursuant to constitutional protection actions, that require deposits to be reimbursed in cash in amounts larger than provided
under current legislation or regulations, and/or the release of rescheduled deposits and/or declare the inapplicability of legislation passed by National Congress or measures issued by the Federal Executive or the BCRA. As of the date of filing
these Financial Statements, neither Federal, or Buenos Aires City not Provincial courts had ruled on the substance of the matter; accordingly, the final outcome of these legal actions is unknown.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">Owing to the equity loss that the fulfillment of the precautionary measures ordered by different courts in constitutional protection actions imply for the financial system and, in
particular, for BF, the Bank has let this loss be known before the Ministry Economy and the B.C.R.A. expressing a reservation of legal rights. In addition, it has decided to activate the difference between the paid amounts for constitutional
protection actions and the deposit amount registered in accordance with the existing regulations; and applying prudential criteria, it has set up the allowances, which considers necessary to cover the future recoverability of such asset. As of
December 31, 2002, BF keeps activated under this concept 391,495 net of allowances under Other receivables. To date, the authorities have not pronounced on an eventual compensation to the financial system for these issues</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">II)&nbsp;&nbsp;Portfolio variation coefficient</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">In accordance with that established by the current standards, the Bank has applied the CVS (Salary Variation Coefficient) for certain pesified loans.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">Owing to the loss, which arises from the application in certain bank loans of the CVS coefficient instead of the CER one, the Entity has decided to demand for a compensation to the
Economy Ministry and the BCRA. Accordingly, it has activated the 50% of the difference generated by the CVS coefficient application instead of the CER one on the understanding that the Federal Government shall compensate the Bank for the loss caused
by this situation. As of December 31, 2002, this asset amounts to 97,000. To date, the Government has not pronounced on an eventual compensation to the financial system for these issues.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">In the opinion of the Bank&#180;s management and legal advisors, it is highly probable that the Federal Government may compensate such exchange difference. To the date
of issuance of these financial statements, it is not possible to anticipate the final resolution of this issue; therefore, the financial statements do not include any adjustment that may end up in the resolution of this contingency.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.8.</i></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Particular matters regarding to subsidiaries</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman"><u>Banco Franc&#233;s (Cayman) Limited</u></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Bank's external auditor, in his report on the financial statements as of December 31, 2002, includes a disclaimer of opinion related to (i) certain limitations to
the scope; (ii) uncertainties on the Bank's capacity to continue as a going concern (note 2.4) and on the recoverability of the guaranteed loan portfolio of the Federal Government of the Argentine Republic.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;21&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.9.</i></font></p> </td>
<td width="95%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;&nbsp;Advances requested from the BCRA and financing received from BBVA Madrid</i></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">For the purpose of covering the decrease in deposits, the Bank obtained, during the period March through July 2002, advances from the BCRA, which as December 31, 2002,
amount to 1,821,150, and are recorded under &#147;Other liabilities from financial transactions &#149; Central Bank of the Argentine Republic Other&#148;. In guarantee of such assistance, the Bank executed a first-degree security agreement whereby
it encumbered in favor of the BCRA a portion of the Bank&#180;s credit rights under the Guaranteed Loan Agreement executed on December 7, 2001, pursuant to Federal Executive Decree No. 1387/01 as supplemented and amended.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman">In addition to the advances granted by the BCRA, BF received from BBVA the following:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">In April 2002, the Bank received assistance from BBVA Madrid in the amount of USD 159 million, from which USD 79,316 plus its accrued interests have been capitalized as of
December 31, 2002 (note 2.3), in security for which it provided Guaranteed Loans to the Argentine Government and syndicated loans granted to customers of the non-financial private sector.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">In May 2002, the Bank sold its equity interest in BBVA Uruguay to BBVA Madrid for USD 55 million (note 2.2).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">In July 2002, the Bank entered into repurchase agreements with BBVA Madrid for an amount of USD 102.9 million.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman">In addition, BF has agreed upon the refinancing of simple corporate bonds for the amount of US$150 million maturing on October 31, 2002, through the issue of a new
bond. Such refinancing included the interest payment and of a 5% of the capital as of October 31, 2002, the payment of a 5.26% of the capital of the new bond to 180 days and the rest in a year. In addition, the BF finds itself under a process of
negotiation and implementation of the refinancing of the commercial lines abroad.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman"><i>1.2.10.</i></font></p> </td>
<td width="94%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;Liquidity</i></font></p> </td> </tr>
<tr>
<td width="5%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="94%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">During 2001, BCRA Communiqu&#233; &#147;A&#148; 3498 introduced changes to the minimum cash and minimum liquidity requirements systems. The minimum cash requirements
thus imposed are higher than before.</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">Subsequently, the BCRA issued Communiqu&#233; &#147;A&#148; 3597 as supplemented, which established the System for Minimum Application of Resources from on-demand and
term obligation in pesos. The requirement had been established in 18%, and in December 2002 was reduced to 12%.</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">The Bank has requested the BCRA a) the November 2001 to February 2002 position compensation with regard to the minimum liquidity requirements in pesos with foreign
currency, and b) the minimum cash position compensation in pesos between March and September 2002; being the subject currently under consideration by the oversight agency.</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">By the BCRA Resolution 36/2003, the Bank was authorized to reduce the minimum cash requirement in pesos for and up to the amount of the excess of the compulsory
resource application, originated in franchises granted by the BCRA in due time.</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><i>1.2.11.</i></font></p> </td>
<td width="94%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><i>&nbsp;&nbsp;Future evolution of the economical situation and its effect on the Bank</i></font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">The negative consequences of the situations described above on the Financial System overall and in particular on the Bank, involve the significant liquidity, the
impact of the devaluation of the Argentine peso and the switch into pesos, the recoverability of loans to both the Government and the private sectors, lost profitability and the mismatch of terms and currencies.</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">In addition, the measures taken by the Federal Executive allowed progress towards the compensation for the asymmetrical switch into pesos and coverage of the foreign
currency position. Swap of rescheduled deposits for federal government bonds allowed depositors to choose to take such bonds in exchange for their deposits and banks are authorized to reimburse part of such deposits in cash.</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">On the basis of the situation described, the search for solutions to Argentina&#180;s economic and financial situation will require further measures. For example, the
possibility of covering deposits with some form of insurance, the settlement of Private Sector loans with bonds, the resolution of constitutional protection actions, compensation due to financial institutions for having returned &#149; by court
order pursuant to</font></p> </td> </tr>
<tr >
<td width=33></td>
<td width=3></td>
<td width=5></td>
<td width=24></td>
<td width=656></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;22&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">constitutional protection actions &#149; deposits in dollars at the floating exchange rate, differentiated application of the benchmark stabilization coefficient and the salary
variation coefficient to assets and liabilities, and the maturity of rescheduled deposits. As of the filing date of these financial statements, there are structural problems of the Argentine Economy that remain unsolved. These include the
reconstitution of the Financial System, initiating negotiations with foreign creditors, negotiations with operators of privatized utilities, and the negotiations to refinance corporate loans of the private sector companies.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">Since the third quarter of the year, the Bank&#180;s situation has improved, BF has increased its deposits portfolio and the volume of transactions and, barring any situation
beyond its control, the Board of the Bank expects to maintain the equilibrium level achieved. Thus, the BCRA and the Bank are continually assessing the measures and the evolution of the actions carried by the Bank according to the plan to strengthen
the Bank&#180;s stockholders&#180;equity.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The board of the Bank is optimistic as to the development of future operations, especially if the Federal Government is eventually able to correct the profound imbalance caused by
the execution of the precautionary measures ordered under actions for infringement of fundamental rights and freedoms and immediate measures, and if the Federal Government eventually compensates for the financial loss that the application of the
salary variation coefficient instead of the benchmark stabilization coefficient causes to the economic and financial position of the Bank and system overall.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The impacts generated by these issues on the Bank's equity and financial position as of December 31, 2002 were acknowledged in accordance with the best estimates made by the
Bank's Management in virtue of the existing regulations as of the date of issuance of these financial statements. Thus, it has not been possible to foresee the future evolution of these variables and their potential effect on the Bank.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">The current financial statements have been prepared assuming that the Bank will go on as a going concern, based on the understanding that the restructuring of the financial system
as a whole, the restructuring of the public debt and the Bank's own plans and actions to be implemented by the Bank and its subsidiaries will allow it to continue its operations and meet the solvency and liquidity indicators required by the BCRA and
accordingly, these financial statements do not include adjustments related to the recoverability of the asset amounts recorded and the sufficiency of liabilities, as may be required if the situations described are not solved favorably.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>2.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;CORPORATE SITUATION AND BANK&#146;S ACTIVITIES</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>2.1.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;Corporate situation</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">BBVA Banco Franc&#233;s S.A. (BF) has its main place of business in Buenos Aires and operates a 241-branch network and 39 offices of its affiliate Credilogros Compa&#241;&#237;a
Financiera S.A.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">As from December, 1996, BF is part of Banco Bilbao Vizcaya Argentaria S.A. (BBVA) global strategy, which controls the bank, direct and indirectly, with 79.52% corporate stock as of
December 31, 2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">Part of BF&#146;s corporate stock is publicly traded and has been registered with the Buenos Aires Stock Exchange, New York Stock Exchange and Madrid Stock Exchange.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>2.2.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;Sale of interest in Banco Bilbao Vizcaya Argentaria Uruguay S.A.</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">On May 13, 2002, the Bank entered into an agreement with BBVA for the sale of its 60.87% interest in BBVA Uruguay. This transaction was approved by the Bank&#180;s Board of
Directors at their meeting held on May 13, 2002, and the Central Bank of the Uruguayan Republic on May 10, 2002. The total selling price for the shares amounted to USD 55 million, which was collected on the date the transaction was carried out,
without giving rise to any significant result.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>2.3.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;Capital increase</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">At the Regular and Special Meetings held on August 7, 2002, the stockholders approved the Bank&#180;s capital increase in the amount of up to 1,250,000 nominal value for the
subscription of common, book-entry shares, entitled to one vote per share. Those shares may be paid up in cash and/or with subordinated corporate bonds in foreign currency issued by the Bank, maturing on March 31, 2005, and/or loans
granted</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;23&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">by BBVA to the Bank. At the referred meeting the stockholders delegated to the Board of Directors the powers to establish the remaining conditions.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">The Bank&#180;s management, at this meeting of December 5, 2002, decided on the following issues, among others:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">Approve the assets to be contributed, should the capital increase proceed, as follows: (i) cash, (ii) subordinated corporate bonds issued by the Bank, maturing March 31, 2005, and
(iii) the loan granted by BBVA on April 19, 2002, in the amount of USD 79,316 thousand.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">Establish the value of subordinated corporate bonds to capitalize USD 58.10 per USD 100 nominal value, based on valuation reports made by independent third parties.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">Establish the amount of shares to be listed in 209,631,892.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">Establish the subscription term from December 17 through December 26, 2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On December 31, 2002, the Bank`s subdelegate meeting decided to declare the capital increase closed. In accordance with the issuance conditions of the New Shares,
158,361,439 new shares in the exercise of preferential right and 135,101 new shares in the exercise of the right of accession were subscribed and integrated. The Bank's capital stock amounts to 368,128,432 as of December 31, 2002.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Changes in the Bank&#146;s capital stock are as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="100%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">Capital Stock as of June 30, 1986:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="51%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Date of</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="51%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Stockholders&#146;<br> Meeting deciding<br> on the issuance</b></font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Registration with the<br> Public Registry of<br> Commerce</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Form of<br> placement</b></font></p> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Amount<br> (in thousands)</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total<br> (in thousands)</b></font></p> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="13%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="3%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">10-29-1987</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">03-16-1988</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">09-09-1988</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">01-18-1989</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">10-19-1989</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">04-25-1990</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">608</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">624</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">09-20-1990</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">05-31-1991</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">26,027</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">26,651</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">08-23-1991</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">07-13-1992</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">31,448</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">58,099</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">09-02-1993</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">11-09-1993</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,860</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">92,959</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">09-02-1993</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">02-18-1994</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,540</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">111,499</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">09-28-1995</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">02-01-1996</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16,725</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">128,224</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">10-10-1996</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">12-13-1996</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">19,233</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">147,457</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">10-06-1997</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">03-05-1998</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">172,457</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">10-06-1997</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">03-05-1998</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(3)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,174</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">186,631</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">04-27-1999</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">08-20-1999</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">23,000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">209,631</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">08-07-2002</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">02-06-2003</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">158,497</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">368,128</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(4)</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">(1)</font></Div> </td>
<td width="95%" colspan="14" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Dividends in shares and/or partial capitalization of the Adjustment to Capital.</font></Div> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(2)</font></Div> </td>
<td width="95%" colspan="14" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Through public subscription of shares.</font></Div> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(3)</font></Div> </td>
<td width="95%" colspan="14" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Shares issued and given in exchange to ex-BCA minority stockholders under the merger with ex BFRP.</font></Div> </td>
</tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(4)</font></Div> </td>
<td width="95%" colspan="14" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">To the date of filing of these financial statements, the amount of Capital Stock is fully paid in and authorized for
public offering by CNV.</font></Div> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>2.4.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;Banco Franc&#233;s (Cayman) Limited</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">On August 15, 2002, the Bank made a capital irrevocable contribution in kind (Federal Government Guaranteed Loans GL 08) with original nominal values of USD 185,043,841, which
were pesificated under the Executive Orders mentioned in 1.1.1, representing a book value in pesos, as of that date, of 305,409. Such contribution was authorized by Resolution No. 360 of BCRA&#180;s Board of Directors dated May 30, 2002, mean while
is pending the Cayman Islands Monetary Authority resolution, authorizing the contribution capitalization.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;24&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">In addition, the Bank has requested from the BCRA the authorization to make the contribution of the Federal Government Libor 2012 bonds in US dollars received as
compensation, as disclosed in 1.2.2. derived from the pesification effect of the Federal Government Guaranteed Loans portfolio held by such subsidiary. Though Board Resolution No. 645 of October 17, 2002, the BCRA authorized the Bank to make the
contribution in kind in the mentioned subsidiary for the minor resulting of the amount of USD 386 million of BODEN 2012 (amount resulting of the guaranteed Loans holdings in that subsidiary as of December 31, 2001) or the required amount to comply
the capital relations requirements, according to the regulations of such country monetary authority. Up to date, the Bank informed of this Resolution to the Cayman Islands Monetary Authority, waiting for its authorization to proceed to the
capitalization.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, such contribution commitment for USD 386 millions is booked in &#147;Other liabilities &#150; Miscellaneous payables&#148;.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>3.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>SIGNIFICANT ACCOUNTING POLICIES</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>3.1.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;COMPARATIVE INFORMATION</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As required by FACPCE Technical Resolution NO. 8 (Argentine Federation of Professional Councils in Economic Sciences), CPCECABA Resolution NO. 89/88 (Professional
Council of Economic Sciences of the City of Buenos Aires) and BCRA regulations, the financial statements for the fiscal year ended December 31, 2002, are presented comparatively with the fiscal year ended December 31, 2001. For that purpose, the
financial statements for the fiscal year ended December 31, 2001, were restated in the December 31, 2002 currency by applying the adjustment rate derived from the Internal Price Index published by INDEC (Federal Institute of Statistics and
Census).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>3.2.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;RESTATEMENT OF THE HEAD OFFICE'S AND LOCAL BRANCHES FINANCIAL STATEMENTS IN &nbsp;EQUIVALENT PURCHASING POWER</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">The financial statements have been taken from the Bank's books of account in conformity with the standards of the BCRA.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Bank presents its financial statements in constant currency, following the restatement method established by FACPCE Technical Resolution No. 6, using adjustment
rate derived from the internal Wholesale Price Index published by the INDEC.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Accordingly to the above mentioned method, the accounting measurements were restated by the purchasing power changes through August 31, 1995. As of that date, based in
the prevailing economic stability conditions and accordingly with CNV General Resolution No. 272 and BCRA Communiqu&#233; &#147;A&#148; 2365, the accounting measures were not restated through December 31, 2001. In view of CNV General Resolution No.
415 and BCRA Communiqu&#233; &#147;A&#148; 3702, the method was reinstated effective as from January 1&#176;, 2002, considering the previous accounting measures restated as of December 31, 2001.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>3.3.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;VALUATION METHODS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">The main valuation methods used in the preparation of the financial statements have been as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman"><u>Foreign currency assets and liabilities</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, such amounts were converted at the benchmark exchange rate of the BCRA as of the closing date of transactions on the last business day of such year. The
exchange differences were charged to income (loss) for the year.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2001, in accordance with BCRA Communiqu&#233; &#147;A&#148; 3439 and CNV General Resolution No. 392, the assets and liabilities in foreign currency were
converted at the Banco Naci&#243;n selling exchange rate effective for each currency as of the last day on which foreign exchange transactions were carried out in Argentina. Exchange differences were credited/charged to income for the
year.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;25&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Government and private securities</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Government securities</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#160;&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Holdings in investment accounts:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p align=center><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Federal Government Compensation: BCRA Communiqu&#233; &#147;A&#148; 3785 determined that the Federal Government Bonds received for the compensation mentioned above could be booked
at technical value, limiting dividend distribution in cash to income exceeding the difference between book value and the listing value of such bonds booked in the month in which the year is closed. Additionally, such Communiqu&#233; set forth that
the cap derived from rising market price by 20% will not apply for the valuation of the bonds mentioned above for treating valuation differences.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, the Bank booked the compensation received, pursuant to the provisions of BCRA Communiqu&#233; &#147;A&#148; 3785 at nominal residual value as of such
date, plus interest accrued pursuant to the conditions of their issuance, converted into Argentine pesos under the method described in note 3.3.a)</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p align=center><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Remaining holding:&#160; as provided by Communiqu&#233; &#147;A&#148; 3278 by the BCRA, they were valued at acquisition cost, increased by compound interest formula due to the
accrual generated on the internal rate of return and the time elapsed from the acquisition date.&#160; For the case of predating holdings recorded in investment accounts as of May 31, 2001, the acquisition cost was considered to be their respective
book values as of the same date.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">The book value for each security is decreased in the amount of the positive difference resulting from the book value less 120% of the market value.&#160; As established by
Communiqu&#233;s &#147;A&#148; 3269 and 3303 of the BCRA, this treatment was suspended from April to December 2001, reinstated from January 2002, according to Communiqu&#233; &#147;A&#148; 3785 of the BCRA.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p><font size=2 face="Times New Roman">The differences existing between acquisition values and those mentioned in the preceding paragraphs were credited/charged to income of each year.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#160;&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Holdings for trading or financial transactions: they were valued based on current listed prices for each security as of December 31, 2002 and 2001. Differences in
listed prices were credited/charged to income for the fiscal years then ended.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#160;&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Unlisted Government Securities: they were valued at residual nominal value plus income accrued as of December 31, 2002 and 2001.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman"><u>Investments in listed private securities</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#160;&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Equity and debt instruments: they were valued based on current listed prices as of December 31, 2002 and 2001.&#160; Differences in listed prices were credited/charged
to income for the fiscal years then ended.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">c)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Guaranteed Loans &#149; Decree No. 1387/2001</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">As mentioned in Note 1, as of December 31, 2002, guaranteed loans are stated at the swap values established by the Ministry of Economy as of November 6, 2001, plus the
related interest accrued through year-end, translated into pesos at the exchange rate of 1.4&#160; Argentine pesos to each US dollar and adjusted to the CER (Benchmark Stabilization Coefficient).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">As set forth Communiqu&#233; &#147;A&#148; 3366 and &#147;A&#148; 3385 of the BCRA, the initial value of guaranteed loans matched the previous book value of federal
government bonds and/or loans as of the swap date, without giving rise to any income (loss) for the swap recognition, since the positive difference generated between the swap values established by the Ministry of Economy and the book value of the
swapped bonds was reflected in a balancing account. The balance of that account will be charged to income on a monthly basis in proportion to the term of each of the guaranteed loans.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">d)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Interest accrual</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">Interest has been accrued according to a compound interest formula in the fiscal years in which it was generated, except interest on transactions in foreign currency,
those whose maturity does not exceed</font></p> </td> </tr>
<tr >
<td width=33></td>
<td width=33></td>
<td width=22></td>
<td width=6></td>
<td width=627></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;26&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">92 days, rescheduled certificates of deposit subject to CER (&#147;CEDROS&#148;) and guaranteed loans (Decree No. 1387/2001), on which interest has been accrued by the
straight line method.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">e)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>CER accrual</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">As mentioned in Note 1, as of December 31, 2002, receivables and payables have been adjusted to the CER as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Guaranteed loans: they have been adjusted under Resolution 50/2002 of the Ministry of Economy, which resolved that the CER effective 10 (ten) days prior to the
maturity date of the related service will be considered for yield and repayments of these loans.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Other loans and receivables from sale of assets: they have been adjusted under Communiqu&#233; &#147;A&#148; 3507 of the BCRA and supplementary regulations, which
resolved that the payments through September 30, 2002, will be made under the original terms of each transaction and will be booked as prepayments, where as from February 3, 2002, the principal was adjusted to the CER prevailing on September 30,
2002, deducting the prepayments mentioned above as from the payment date, except those subject to the provisions of Decrees 762/02 and 1242/02, which excluded the application of that coefficient from some mortgage, ledge, personal and other lines of
credit.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Deposits and other assets and liabilities: The CER prevailing on December 31, 2002 was applied.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">f)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Allowance for loan losses and contingent commitments</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">For loans, other receivables from financial transactions and contingent commitments: this allowance has been calculated based on the Bank&#180;s estimated loan loss
risk in light of debtor compliance and the guarantee/security supporting the respective transactions, as provided by Communiqu&#233; &quot;A&quot; 2729 and supplemented of the BCRA (see note 1.2.4.).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">g)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Loans and deposits in government securities</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">They were valued at current listed price for each security as of December 31, 2002 and 2001, plus related accrued interest. Differences in listed prices were
credited/charged to income for the fiscal years then ended.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">h)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Instruments to be received and to be delivered for spot and forward transactions</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">In foreign currency:&#160; as of December 31, 2002 , they were valued according to the bench-mark exchange rate of the BCRA for each currency determined on the last
business day of the year.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2001, they were valued at the Banco Naci&#243;n&#146;s selling exchange rate for each currency as of the last date on which exchange transactions
were carried out in Argentina as mentioned in note 3.3.a).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Of securities, associated with repurchase agreements:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" valign="top"> <p> <font size=2 face="Times New Roman">Holding in investment accounts (government securities): they were valued based on the criterion described in note 3.3.b.).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" valign="top"> <p> <font size=2 face="Times New Roman">Holdings for trading or financial transactions (government and private securities):&#160; they were valued based on the criterion described in note 3.3.b.).</font></p> </td> </tr>

<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">i)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Amounts receivable and payable from spot and forward transactions pending settlement</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">They were valued based on the prices agreed upon for each transaction, plus related premiums accrued as of December 31, 2002 and 2001.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">j)</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><u>Unlisted Corporate Bonds</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">They were valued at acquisition cost plus income accrued but not received as of December 31, 2002 and 2001.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">-&nbsp;27&nbsp;-</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">k)</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman"><u>Other receivables from financial transactions: Compensation to be received from the Federal Government</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2002, the compensation to be received by the Bank has been booked as &#147;Other receivables from financial transactions &#149; Other receivables not
covered by debtor classification regulations&#148;, and was valued at the residual nominal value of the Federal Government Bonds in US dollars plus the interest accrued according to the conditions of issuance, switched into pesos according to the
provisions of note 3.3.a.).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">l)</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman"><u>Assets out on financing lease</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002 and 2001, they have been valued at the current value of unaccrued installments calculated as per the conditions agreed upon in the respective
contracts, applying the imputed interest rate thereto.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">m)</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman"><u>Investments in other companies</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="90%" colspan="4" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">Investments in controlled financial institutions, supplementary activities and authorized:&#160; they were valued based on the following methods:</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Credilogros Compa&#241;&#237;a Financiera S.A., Franc&#233;s Valores Sociedad de Bolsa S.A., Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A.,
Consolidar C&#237;a. de Seguros de Vida S.A., Consolidar C&#237;a. de Seguros de Retiro S.A. and Atuel Fideicomisos S.A.:&#160; were valued by the equity method.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Ltd. and BBVA Uruguay S.A. (as of December 31, 2001): were valued by the equity method, converted into pesos according to the following
methods:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The financial statements were adapted to the professional accounting standards effective in Argentina and the rules of the Central Bank of Argentina. Such financial
statements, which were originally stated in foreign currency, were converted into Argentine pesos as described below:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="80%" valign="top"> <p> <font size=2 face="Times New Roman">Assets and liabilities were converted based on the criterion described in 3.3.a.).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="80%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="80%" valign="top"> <p> <font size=2 face="Times New Roman">The assigned capital was calculated at the ARS amount remitted by the Bank</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="80%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="80%" valign="top"> <p> <font size=2 face="Times New Roman">Unappropiated earnings were determined by the difference between assets, liabilities and assigned capital, converted into pesos as indicated above.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="80%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="80%" valign="top"> <p> <font size=2 face="Times New Roman">Income (loss) for the year was determined by the difference between unappropiated earnings at beginning, less earnings distributed in cash an unappropiated earnings at period-end,
and was allocated to &#147;Income (loss) from long-term investments&#148;.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="80%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">Investments in non controlled financial institutions, supplementary activities and authorized: they were valued according to the following methods:</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Rombo C&#237;a. Financiera S.A., Visa Argentina S.A., Banelco S.A. and Interbanking S.A.:&#160; were valued by the equity method.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Bladex S.A.: was valued at acquisition cost in foreign currency plus the nominal value of stock dividends received, converted into pesos based on the method described
in 3.3.a).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Other:&#160; valued at acquisition cost, without exceeding their recoverable value.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="87%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">Other non controlled affiliates:&#160; they were valued based on the following methods:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="87%" colspan="3" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Consolidar A.R.T. S.A.:&#160; was valued by the equity method.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="83%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Other:&#160; were valued at acquisition cost, without exceeding their recoverable value.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 28 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">As from the effectiveness date of Law No. 25,063, dividends in cash or in kind received by the Bank from investments in other companies in excess of accumulated taxable income of
such companies at the time of distribution thereof shall be subject to a 35% income tax withholding, which shall be a single and final payment.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Bank has not accrued this tax as it believes dividends from profits recorded applying the equity method would not be subject to this tax.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">n)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman"><u>Bank premises and equipment and other assets</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">They have been valued at acquisition cost plus increases from prior-year appraisal revaluations, restated as explained in note 3.2., less related accumulated depreciation
calculated in proportion to the months of estimated useful life of items concerned. </font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">o)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman"><u>Intangible assets</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">They have been valued at acquisition cost restated as explained in note 3.2., less related accumulated depreciation calculated in proportion to the months of estimated useful life
of the items concerned (see useful life assigned in Exhibit G).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">p)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman"><u>Employee termination pay</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Entity expenses employee termination pay disbursed.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">q)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman"><u>Income tax</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Bank determined the charge for income tax applying the effective 35% rate to taxable income estimated for each year considering the effect of temporary differences between
book and taxable income. The Bank considered as temporary differences those that have a definitive reversal date in subsequent years.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">Tax on minimum presume income (TOMPI) was established by Law No. 25,063 in the year ended December 31, 1998, for a ten-year term. This tax is supplementary to income tax: while the
latter is lived on the taxable income for the year, TOMPI is a minimum levy determined by applying the current 1% rate on the potential income of certain productive assets. Therefore, the Bank&#180;s tax obligation for each year will coincide with
the highest of these taxes. The above Law provides that institutions governed by Financial Institutions Law must consider as a tax base 20% of their taxable assets, after deducting non-computable ones. However, if TOMPI exceeds income tax in a given
year, the excess thereof may be computed as a payment on account of any income tax in excess of TOMPI that may occur in any of the following ten years.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">In every year that net operating losses are offset, the tax benefit (the benefit of the effective rate on the net operating loss used) will be realized to the extent that income
tax (net of the offsetting) equals or exceeds tax on minimum presumed income, but will reduced by any excess of the latter over former.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2002 and 2001, the Bank has estimated the existence of a net operating loss in the income tax and has estimated a charge for tax on minimum presumed income for
the amount of 25,400 and 17,115, respectively, which was activated under the &#147;Other receivables&#148; account. In addition, as a consequence of the application of the deferred tax method as of December 31, 2002 and 2001, the Bank has registered
under the &#147;Other receivables&#148; account a net deferred asset of 366,000 and 66,000 respectively, with a charge to the Other Income account (see note 5).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The AFIP (Argentine Public Revenue Administration) inspected open tax periods and the Bank received ex officio assessments, which were appealed before the Argentine Administrative
Tax Court. Such agency, to the issuance date of these financial statements, issued and opinion on the ex officio assessment made in 1992, partially admitting the claim of tax authorities.&#160; On June 18, 2002 the Bank decided to appeal this ruling
with the Court of Appeals, where it is being&#160; treated at present.&#160; Bank Management and tax and legal counsel estimate that the Bank made a reasonable interpretation of effective regulations regarding the periods in question.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">In addition, on June 23, 2000, the Bank adhered to the system provided by Decree No. 93/00, relating to the taxes including therein.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 29 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">r)</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><u>Allowance for other contingencies</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Includes the estimated amounts to meet contingencies of probable occurrence that, if occurred, would give rise to a loss for the Bank.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">s)</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><u>Stockholders&#146; equity accounts</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">They are restated as explained in note 3.2., except for the &quot;Capital Stock&quot;&#160; and &#147;Non capitalized contributions&#180; account which has been kept
at original value.&#160; The adjustment resulting from its restatement is included in the &quot;Adjustment to Stockholders&#180; Equity &#149; Adjustment to Capital Stock&quot; account.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Additionally, through Communiqu&#233; &#147;A&#148; 3800 dated November 12, 2002, the BCRA granted financial institutions an option&#160; to absorb in advance the
losses posed during the current year, equal to the amounts booked in Unappropiated earnings and Unrealized valuation difference, with the prior Board of Directors&#180;approval and adding the decision to be made by the Stockholders&#180; Meting,
when appropiate. When there are accumulated losses, they should be absorbed firstly. This absorption should be disclosed following the net income (loss) for the period in the Statement of Income and the balance at period-end in the Statement of
Changes in Stockholders&#180; Equity.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">As of the issuance date of these financial statements, the Bank has not made use of that option.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">t)</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><u>Statement of Income Accounts</u>:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="88%" valign="top"> <p> <font size=2 face="Times New Roman">Accounts accruing monetary transactions (financial income (expense), service charge income (expense), provision for loan losses, operating expenses, etc.) were restated by
applying the adjustments coefficients to the historical amounts accrued on a monthly basis.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="88%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="88%" valign="top"> <p> <font size=2 face="Times New Roman">Accounts reflecting the effect on income resulting from the sale, write-off, or usage of nonmonetary assets were computed based on the value of such assets, as mentioned in note
3.2.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="88%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="88%" valign="top"> <p> <font size=2 face="Times New Roman">Income from investments in subsidiaries was computed based on such companies&#146; income adjusted as explained in note 3.2.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="88%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="88%" valign="top"> <p> <font size=2 face="Times New Roman">The effect derived from inflation for maintaining&#160; monetary assets and liabilities has been recorded in three accounts: &#147;Monetary income (loss) on financial
intermediation&#148;, &#147;Monetary income (loss) on operating expenses&#148; and &#147;Monetary income (loss) on other operations&#148;. </font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>3.4.</b></font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><b>NEW PROFESSIONAL ACCOUNTING STANDARDS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman">On December 8, 2000, the Board of the Argentine Federation of Councils in Economic Sciences approved Technical Resolutions No. 16, 17, 18 and 19, which introduced
changes to the professional accounting standards for valuation and disclosure. On December 21, 2001, such standards were approved, subject to certain amendments, by the Professional Council of Economic Sciences of the City of Buenos Aires by
Resolutions Nos. 238, 243, 261 and 262, mandatory for the fiscal years beginning on July 1, 2002, and the interim periods related to such years (in the case of the Bank, as from the year beginning January 1, 2003). To the date of approval of these
financial statements, the BCRA is analyzing the scope and opportunity for adopting such rules.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>4.</b></font></p> </td>
<td width="95%" colspan="3" valign="top"> <p> <font size=2 face="Times New Roman"><b>DIFFERENCES BETWEEN CENTRAL BANK OF THE ARGENTINE REPUBLIC STANDARDS AND GENERALLY ACCEPTED ACCOUNTING PRINCIPLES EFFECTIVE IN BUENOS AIRES CITY</b></font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As disclosed in note 1.2.2), as of December 31, 2002, the Bank allocated to stockholders&#180; equity the amount of 427,118 from the &#147;Unrealized valuation
difference&#148; account related to the portion of the compensation received under sections 28 and 29 of Decree No. 905/02 of the Federal Executive. Such amount relates to the recognition of 40% of the net position in foreign currency as of December
31, 2001.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 30 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Under the professional accounting standards effective in Argentina, as of December 31, 2002, such amount should have been charged to income for the year.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">During the fiscal year ended December 31, 2001, and as a result of Decree No. 1387/01 provisions, the Bank and its subsidiaries swapped, on November 6, 2001, Federal State
securities and other assets with contra to guaranteed loans.&#160; As of December 31, 2002 and 2001, such loans were booked in the consolidated financial statements under the&#160; &#147;Loans&#148; account net of the related allowance in the amount
of 5,505,262 and 5,636,822, respectively.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">Under Argentine professional accounting standards, as of December 31, 2002 and 2001, the valuation of the loans mentioned above should have been carried out considering the related
listed prices as of November 6, 2001, of the securities swapped which, as from such date are considered as part of the transaction cost plus the related interest accrued through fiscal year-end, which have been amounted to 3,894,889 and 3,989,874,
respectively.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">c)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, the Bank and its subsidiaries booked as &#147;Government and Private Securities&#148; and as &#147;Other receivables from financial transactions &#149;
Other receivables not covered by debtor classification regulations&#148; the bonds received and to be received, respectively, for the compensation established under sections 28 and 29 of Decree No. 905/2002 of the Federal Executive.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Under professional accounting standards effective in Argentina, the assets mentioned in the paragraph above should be valued at its current value. At the approval date of the
Bank&#180;s financial statements, the market values are limited to the listed prices of the BODEN 2012 and BODEN 2007, which have been traded since September 25, 2002 and October 29, 2002, respectively, in the Stock Market and in the over-the
counter market, with prices between 40% and 48% of its US dollar face value and prices around 65% of its peso face value, respectively. Notwithstanding, at the approval date of the Bank&#180;s financial statements, the traded volume of BODEN has not
been significant. Therefore, the market values&#160; may not be representative of the effective value at which the mentioned bonds will be traded.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">Consequently, if the accounting standards effective in Argentina mentioned in the paragraphs a) and b) above had been applied, the stockholders&#146; equity as of
December 31, 2002, and 2001, would have decreased by 1,610,373 and 1,661,444, respectively.&#160; On the other hand,&#160; the loss for the year ended December 31, 2002, would have decreased by 478,189, meanwhile the income for the year ended
December 31, 2001 would have decreased by&#160; 1,629,985. </font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>5.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>BREAKDOWN OF MAIN ITEMS AND ACCOUNTS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002 and 2001, the breakdown of the items included under Other accounts which exceed 20% of the total amount of each item is as follows:</font></p>
</td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="67%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="67%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>LOANS</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Corporate loans</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,185,758</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,486,116</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">231,887</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">267,043</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,417,645</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,753,159</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER RECEIVABLES FROM FINANCIAL TRANSACTIONS</b></font></Div> <Div
style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>Other receivables not covered by debtor classification regulations</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Compensation to be received from Federal Government</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">328,331</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">105,700</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">217,128</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="top" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">434,031</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">217,128</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 31 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="67%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="67%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>INVESTMENTS IN OTHER COMPANIES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In controlled-supplementary activities</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">198,231</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">243,535</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In non-controlled-supplementary activities</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,309</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,841</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In other non-controlled companies</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">36,357</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">29,795</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">239,897</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">283,171</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER RECEIVABLES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Prepayments</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">3,847</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">8,233</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Balances from losses to be recovered</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">108</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,475</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Guarantee deposits</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">17,142</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">19,957</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Miscellaneous receivables (1)</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">927,059</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">77,552</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Tax prepayments (note 1.2.6)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">422,102</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">226,124</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,701</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,555</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,372,959</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">340,896</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="90%" valign="bottom"> <p> <font size=2 face="Times New Roman">Includes for the difference between the amount of the constitutional protection actions for deposits paid at floating exchange rate and the rescheduled deposits balance for
782,990. In addition, it includes the 50% of the return differential of the CER index with respect to the CVS, which as of December 31, 2002 amounts to 97,000 (see note 1.2.7).</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>DEPOSITS</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Rescheduled certificates of deposit &#147;CEDROS&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,098,236</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Rescheduled deposits to be swapped by government securities</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">200,879</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Frozen balances</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">502,001</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">262,542</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">81,778</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,561,657</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">583,779</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER LIABILITIES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Accrued salaries and payroll taxes</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">25,047</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">46,199</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Accrued taxes</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,120</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">57,258</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Miscellaneous payables (1)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,346,472</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">224,219</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,882</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,549</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,406,521</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">332,225</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="67%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="90%" valign="bottom"> <p> <font size=2 face="Times New Roman">Includes 1,298,118, as of December 31, 2002, for the capital irrevocable contribution to Banco Franc&#233;s (Cayman) Ltd. (note 2.4)</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>MEMORANDUM ACCOUNTS &#149; DEBIT &#149; CONTROL</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Items in safekeeping</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">31,888,274</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">33,507,084</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Collections items</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">670,281</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">709,721</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Checks drawn on the Bank pending clearing</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">79,494</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">52,632</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,431</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,809</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">32,644,480</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,274,246</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=14></td>
<td width=6></td>
<td width=162></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 32 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="65%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="65%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>FINANCIAL INCOME</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Gold and foreign currency exchange difference</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,316,549</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">67,776</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Premiums on sales of foreign currency</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,734</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">84,277</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,912</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,536</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,323,195</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">157,589</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>SERVICE INCOME</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Rent of safe deposit boxes</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,704</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,905</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Commissions for the activity of the depositary company of mutual<br> funds</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">903</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,196</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Commissions for Capital Market transactions</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">103</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">57,010</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Commissions for salary - payment services</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,979</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,648</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Commissions for managing trust</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,538</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,910</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Commissions for loans</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,150</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,327</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Commissions on sales of insurance</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,977</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">17,928</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">31,264</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53,566</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">63,618</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">162,490</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>SERVICE EXPENSES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Turn-over tax</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,887</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,140</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">319</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">550</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,206</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">28,690</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OPERATING EXPENSES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Rent</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">20,495</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,991</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Depreciations of bank premises and equipment</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">50,148</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">50,317</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Amortizations of organization and development expenses</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">123,894</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">82,998</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Electric power and communications</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,086</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">38,518</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Maintenance, conservation and repair expenses</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,674</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">38,372</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Security services</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,652</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">29,548</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">15,281</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">14,063</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">277,230</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">282,807</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER INCOME</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Income from sale of bank premises and equipment</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,535</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,461</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Rent</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">828</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,409</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Adjustment and interest on other receivables</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,647</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">620</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Deferred tax</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">300,000</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">272,762</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">104,008</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,830</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">416,018</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">290,082</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 33 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="65%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="65%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER EXPENSES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Loss from sale of bank premises and equipment</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,796</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,046</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Amortization of goodwill</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">62,687</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,243</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Depreciation of other assets</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,361</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,359</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Uninsured losses</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,967</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,609</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">27,923</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">40,362</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="62%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">119,734</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">77,619</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="7%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="65%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=14></td>
<td width=4></td>
<td width=164></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>6.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>RESTRICTIONS ON ASSETS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, there are Bank assets, which are restricted as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The Public and Private Securities account includes 1,751,417 in Federal Government bonds in US dollars LIBOR 2012 which, as mentioned en note 1.2.2), have been frozen until final
confirmation by the BCRA of the compensation amount.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The &#147;Loans to government sector&#148; account includes 80,119 in guaranteed loans &#150; decree 1387/01 allocated to the guarantee required to act as custodian of investment
securities related to pension funds.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">c)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Out of the Bank's active loan portfolio, 6,497 is allocated to the guarantee securing payables to the BCRA.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">d)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The &#147;Loans to government sector&#148; account includes 2,798,995 in guaranteed loans &#150; decree 1387/01 allocated to the guarantee for the payments in advance by the BCRA
(note 1.2.9).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">e)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">The &#147;Loans to the non financial private sector and residents abroad&#148; account includes 404.121 in syndicated loans provided as security for the assistance received from
BBVA Madrid (note 1.2.9).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>7.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>CONTINGENTS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>EXPORT TAX REBATES</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">In January 1993, ex-BCA found out that a group of companies presumably related among them had used fake documentation to collect export tax rebates, under current
legislation through certain of its branches.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Immediately upon becoming aware of such events, the ex-BCA reported this situation to the Federal Police Banking Division pressing criminal charges before the Federal
Criminal Court No. 2, Clerk&#146;s Office No. 5 of the City of Buenos Aires.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The BCRA has made certain observations to the procedure followed by the ex-BCA in paying tax rebates.&#160; The ex-BCA has based its reply to the BCRA on the fact that
the aforesaid payments had been made complying strictly with current regulations for the aforesaid transactions.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">On October 14, 1994, the General Director for Legal Affairs of the Ministry of Economy and Public Works and Utilities (MEOSP) ordered the ex-BCA to reimburse the amount
which may be applicable to tax rebate payments which, in his opinion, were considered inapplicable.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On October 26, 1994, the ex-BCA filed a notice with the MEOSP by which it fully and emphatically rejected the aforesaid order for containing untrue, erroneous and
legally unfounded representations since the ex-BCA acted in strict compliance with current regulations when carrying out each and every transaction related to the payment of export tax rebates.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On December 17, 1996, the ex-BCA was notified of the lawsuit filed by the Federal State in the action styled MEOSP, Federal State vs. BCA in regard of &#147;Request
for Opinion&#147;, at the Federal Administrative Tribunal of Original Jurisdiction, Clerk&#146;s Office No. 1 of the City of Buenos Aires.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 34 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The lawsuit has been filed for an undetermined amount in November 1995 even when it was first notified by the Federal State on the aforesaid date.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">In February, 1997, the ex-BCA put forth a defense to stop the progress of the lawsuit filed by the Federal Government suspending the term until the complaint is
answered.&#160;&#160; In that filing the Bank&#180;s Legal Counsel alleged that the ex-BCA acted in compliance with the standards in force, and after a background analysis, it became abundantly clear that it was the responsibility of the government
agencies that had not met the express control standards under their exclusive charge.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The abovementioned exception was dismissed on December 1997 by the judge hearing the case, therefore, in February 1998, the Bank decided to file an appeal with the Court of
Appeals.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">The Court of Appeals ruled in favor of the bank's appeal, that is to say, it upheld the bank's defense based on a legal defect and its request that the Banco de la Naci&#243;n
Argentina, the Customs Service and the BCRA be summoned as parties to the suit.&#160; Both such requests were rejected by the court of original jurisdiction and have now deserved a favorable ruling from the appellate court.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">At present, the proceedings are awaiting that the Federal State will amend the vices of its action, hence once this has been complied with, notifications will be resumed.&#160;
Irrespective of the above, it has been agreed to suspend the legal proceedings with a view to a possible out-of-court transactions formulated by sellers, since this out-of-court settlement was dropped by sellers, the abovementioned legal proceedings
were resumed.&#160; Despite the suspension of terms, the parties agreed to a pre-trial stage for the production of evidence.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">In any event, the eventual contingency resulting from such situation will be assumed by the sellers of the ex-BCA under the terms of the shares sales contracts.</font></p> </td>
</tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>8.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>TRANSACTIONS WITH SUBSIDIARIES AND AFFILIATES (ART. 33 OF LAW No. 19,550)</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The balances as of December 31, 2002 and 2001, for transactions performed with parents, subsidiaries and affiliates are as follows:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="38%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="38%" colspan="11" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Balance Sheet</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="4" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Memorandum Accounts (1)</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="38%" colspan="11" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="4" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="18%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Assets</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="18%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Liabilities</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="18%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="18%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Company</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">BBVA Madrid</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">683,142</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,796</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">622,791</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,539</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,782</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Franc&#233;s Valores Sociedad de Bolsa S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,938</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,331</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">70</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">13</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">144</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Limited</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,191</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">86,025</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,648,841</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">168,853</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33,328</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42,551</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar A.R.T. S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">24,544</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">80,840</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">176,332</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">44,916</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar Administradora de Fondos de<br> Jubilaciones y Pensiones S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,209</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">23,829</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">77,630</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,179</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Retiro S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">37</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">13</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">178,090</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">84,977</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,088,460</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">168,905</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Vida S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,933</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">92,037</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">234,766</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">137,125</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Banco Bilbao Vizcaya Argentaria Uruguay S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">504</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Credilogros Compa&#241;&#237;a Financiera S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,509</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">92,126</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,802</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,169</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Atuel Fideicomisos S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">199</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">895</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">213</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">338</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">272</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">BBVA Seguros S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,547</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,244</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,735</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">37,563</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33,479</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">40,884</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar Comercializadora S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,243</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">506</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">102</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">PSA Finance C&#237;a Financiera Argentina S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">171</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,381</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">37,314</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,762</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Rombo C&#237;a. Financiera S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">276</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22,908</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,121</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,189</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Franc&#233;s Administradora de Inversiones S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,376</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,723</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="38%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Inversora Otar S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,435</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,283</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">303</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">729</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">148</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="91%" colspan="20" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(1)</font></Div> </td>
<td width="91%" colspan="20" valign="top"> <p> <font size=2 face="Times New Roman">Includes Items in safekeeping, Credit lines granted (unused portion) covered by debtor classification regulations and Guaranties given covered by debtor
classification regulations.</font></p> </td> </tr>
<tr >
<td width=11></td>
<td width=17></td>
<td width=86></td>
<td width=2></td>
<td width=12></td>
<td width=85></td>
<td width=11></td>
<td width=12></td>
<td width=85></td>
<td width=2></td>
<td width=12></td>
<td width=85></td>
<td width=2></td>
<td width=12></td>
<td width=85></td>
<td width=2></td>
<td width=12></td>
<td width=85></td>
<td width=2></td>
<td width=12></td>
<td width=85></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 35 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>9.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>BANK DEPOSITS GUARANTEE INSURANCE SYSTEM AND BANK LIQUIDITY FUND</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>9.1.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>Bank deposits guarantee insurance system</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">Law No. 24,485, published on April 18, 1995, and Decree No.&#160; 540/95 of the same date provided for the organization of a Bank Deposit Guarantee Insurance System, characterized
as being limited, mandatory, and for valuable consideration, designed to provide coverage for risks inherent in bank deposits, as a subsidiary and supplementary protection to the one offered by the system of bank deposit privileges and protection
created by the Financial Institutions Law.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">Such Law provided for the organization of the company &#147;Seguros de Dep&#243;sitos Sociedad An&#243;nima&#148; (SEDESA) to manage the Deposit Guarantee Fund (FGD), whose
shareholders, as amended by Decree No.&nbsp;1292/96, will be the BCRA with one share, as a minimum, and the trust made up of the financial institutions is such proportion as may be determined by the BCRA for each one, based on their contributions to
the FGD.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">This guarantee system does not include deposits made by other financial institutions (including certificates of deposits acquired by secondary trading), deposits made by persons
directly or indirectly related to the financial institution, the deposits procured through systems offering additional incentives to the interest rate (among which, the deposits obtained through the &#147;Libret&#243;n&#148; product are
contemplated), certificates of deposits of securities, acceptances or guarantees and, lastly, those deposits made after September 1998, at a rate exceeding by two percentage points per annum the rolling average for the last five banking days of the
deposit rates found by the survey performed by the BCRA. Communiqu&#233; &#147;A&#148; 2399 issued on December 15, 1995, includes within the exemptions those certificates of deposit transferable whose ownership has been acquired by way of
endorsement and deposits gathered through systems offering additional incentives to the agreed-upon interest rate.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">By Communiqu&#233; &#147;A&#148; 2337 of May 19, 1995, the BCRA notified the financial institutions about the approval of the regulations on the application of the guarantee system
as from April 18, 1995.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">In August 1995, such company was organized.&#160; The Bank holds a 9,8512% equity interest therein.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">Decree No. 1127/98 of the Federal Executive of September 24, 1998, modified the amount covered by the deposit guarantee system established by Decree No. 540/95, increasing such
amount to thirty thousand, irrespective of the term.&#160; In the case of transactions in the name of two or more persons, the guarantee will be prorated among the respective holders.&#160; The total guarantee amount by person may not exceed the
abovementioned amount, regardless of the number of accounts and/or deposits.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The deposits for amounts over thirty thousand are also included in the guarantee system up to such maximum limit.&#160; The BCRA may decide at any time and in general terms the
amendment of such guarantee system cover amount based on the development of the consolidation process of the Argentine Financial System and other indicator that may be considered appropriate.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">On January 21, 2000, the BCRA established by Communiqu&#233; &#147;A&#148; 3064 that, as from the irrevocable contributions for January 2000, the contribution percentage will be
reduced from 0.03% to 0.015% provided that for the remaining 0.015%, the financial institutions and SEDESA execute a loan agreement to fund the FGD. On February 8, 2000, the Bank executed the abovementioned loan agreement, recording such financing
under the &#147;Other Receivables from Financial Transactions&#148; account, in accordance with BCRA regulations.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">According to Communiqu&#233; &#147;A&#148; 3153 of the BCRA, from September 2000, contributions decreased from 0.03% to 0.015% and the obligation to take the loans mentioned in
the prior paragraph was abrogated.&#160; However, effective loans agreed prior to that date will remain effective until their cancellation.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">Finally, on November 9, 2001, through Communiqu&#233; &#147;A&#148; 3358, the BCRA decided to reestablish the ordinary contribution to the deposit guarantee fund at 0,03% as from
the date upon which the contributions for December 2001 are made.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2002, SEDESA had granted loans to the bank in the amount of 10,774 registered in &#147;Other receivables not covered by debtor classification regulations&#148;
account, that mature from January through August, 2003.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 36 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>9.2.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>Bank Liquidity Fund (FLB)</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On December 26, 2001, the Federal Executive issued Decree No. 32/2001 whereby it created the FLB to provide the financial system with adequate liquidity levels.&#160;
The FLB will be effective during five years as from the date on which the decree is published and it will be managed by SEDESA, which will act as trustee thereof, and will be set by financial institutions by subscribing Class A Certificates of
Participation and by the Federal Government by subscribing Class B Certificates of Participation.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2001, the Bank contributed in USD 54,436 thousands to the FLB. During April, 2002, the contribution was reimbursed to the bank, after its translation
into pesos at the exchange rate of 1.4 Argentine pesos to each US dollar.&#160; </font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>10.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>TRUST ACTIVITIES</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>10.1.</b></font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="92%" valign="top"> <p> <font size=2 face="Times New Roman"><b>Financial Trusts</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">BF acts as trustee in the Fideicomiso Financiero RT Finance II Trust, program to securitize credit instruments by issuing securities representing the debt for a face
value of up to US$ 500,000,000 (the 1st. series of US$ 100,000,000 was issued on September 30, 1999), in no case being personally liable for the liabilities assumed in the performance of the contract obligations; such liabilities will be satisfied
with and up to the full amount of the corpus assets or the proceeds there from. As of December 31, 2002, all principal and interest installments had been paid, thereby terminating the commitments towards the security holders and de-listing all the
securities involved, and a residual amount has been kept to meet any tax issues.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">BF acts as financial trustee of the Noblex Argentina S.A. Trust, as successor of the ex-BCA and is under no circumstances liable with its own assets for liabilities
undertaken in the performance of the trust; such liabilities shall only be satisfied with and up to the amount of the trust assets and the proceeds therefrom.&#160; The trust was set up for the purpose of canceling the receivables claimed by
unsecured creditors in the insolvency proceedings of &#147;Noblex Argentina S.A.&#148; which have been allowed and/or declared admissible through the delivery of real property owned by the company in lieu of payment and the full payment of its
debts, and determine the way of selling and allowing for the sale of the real property, to distribute the proceeds (net of expenses) among all unsecured creditors pro-rata according to the unsecured claims allowed and/or declared admissible and/or
for which proof of claim is filed after the trust was set up.&#160; As of December 31, 2002 and 2001, all the real estate has been sold and the proceeds from such sale have been distributed among the beneficiaries, the formal termination of the
agreement being pending.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On January 5, 2001, the BCRA&#146;s Board of Director issued Resolution No. 19/01, providing for the exclusion of Mercobank S.A.&#146;s (a bank organized under
Argentine legislation) senior liabilities under the terms of Section 35 bis of the Financial Institutions Law, the authorization to transfer the excluded assets to BF as trustee of the Diagonal Trust, and the authorization to transfer the excluded
liabilities to beneficiary banks.&#160; Also, on the mentioned date, the agreement to set up the Diagonal Trust was subscribed by Mercobank S.A. as settle and BF as trustee in relation to the exclusion of assets as provided in the resolution
abovementioned.&#160; BF entrusted Atuel Fideicomisos S.A. the management of collections and the realization of the corpus assets.&#160; As of December 31, 2002, total estimated corpus assets amount to 38,929.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>10.2.</b></font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="92%" valign="top"> <p> <font size=2 face="Times New Roman"><b>Non Financial Trust</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">BF acts as trustee in 66 non financial trusts, and in no case being personally liable for the liabilities assumed in the performance of the contract obligations; such
liabilities will be satisfied with and up to the full amount of the corpus assets and the proceeds therefrom.&#160; The non financial trusts concerned were set up to secure the receivables of several creditors (beneficiaries) and the trustee was
entrusted the management, care, preservation and custody of the corpus assets until (i) the requirements to show the noncompliance with the obligations by the debtor (settlor) vis-&#224;-vis the beneficiaries are met, moment at which such assets
will be sold and the proceeds therefrom will be distributed (net of expenses) among all beneficiaries, the remainder (if any) being delivered to the settlor, or (ii) all contract terms and conditions are complied with, in which case all the corpus
assets will be returned to the settlor or to whom it may</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 37 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">indicate.&#160; The trust assets represent about $ 7.806 million and are of different kinds, because even though the majority of them consist of cash or creditors'
rights, BF is also trustee of real estate and shares.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>11.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>CORPORATE BONDS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>11.1.</b></font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="92%" valign="top"> <p> <font size=2 face="Times New Roman"><b>Corporate Bonds issued by BF</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="92%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The Regular Stockholders&#146; Meeting of ex- Banco Franc&#233;s del R&#237;o de la Plata (ex-BFRP) held on September 30, 1994, authorized the creation of a five-year
program for issuance and reissuance of corporate bonds, nonconvertible into shares, for an amount of up to US$ 500,000,000.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">On October 6, 1997, the Regular and Special Stockholders&#146; Meeting ratified for the whole program effective period the delegation to the Board of Directors,
approved by the Regular Stockholders&#146; Meeting held on September 30, 1994, of the necessary powers to determine all the issuance conditions of the corporate bonds (including collection subordination) to be issued under the company&#146;s
corporate bonds issuance program for an outstanding amount of up to US$ 500,000,000, authorized by CNV&#146;s Certificate No. 87 of December 16, 1994.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On April 27, 1999, the Regular and Special Stockholders&#146; Meeting decided to extend the term of the abovementioned program for five years, authorizing the Board of
Directors to take the necessary steps for issuance thereof.&#160; In addition, it authorized the issuance of corporate bonds convertible into share of commons stock in the amount of up to US$ 200,000,000 either under the Bank&#146;s program or
otherwise, grating the Board of Directors the necessary authority to carry out the issuance, establish the conversion value, determine the terms of the securities and modify the current program.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">On April 27, 2000, the Regular and Special Stockholders&#146; Meeting approved to increase the outstanding amount under the abovementioned program for up to US$
1,000,000,000 and delegated onto the Board of Directors the performance of proceedings to obtain approval before CNV and Buenos Aires Stock Exchange (BCBA) and such other stock exchanges as may be chosen to be listed.&#160; The increase was
authorized by CNV&#146;s Certificate No. 268 of July 18, 2000.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">In addition, the abovementioned Stockholders&#146; Meeting approved the creation of a program for the issuance of non-subordinated short-term corporate notes to be
issued under several classes and series up to a total amount outstanding at any given time of US$ 300,000,000; the term of the program is five years, during which corporate notes nonconvertible into shares and unsecured or guaranteed by third
parties may be issued for a term of up to one year in accordance with the conditions stipulated by the Board of Directors.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">During the 2002 fiscal year, the Bank has received the capitalization of subordinate corporate bonds for a nominal value of USD 130 million (note 2.3.) and has
refinanced corporate bonds for a nominal value of USD 142.5 million (note 1.2.9).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The following chart reflects corporate bonds in force as of December 31, 2002:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="15%" colspan="2" valign="bottom"> <p align=left> <font size=1 face="Times New Roman"><b>Global program<br> amount</b></font></p> </td>
<td width="1%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Date of issue</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Features</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Face<br> value</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Price of<br> issue</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Nominal<br> annual<br> rate</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Payment of <br> interest</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Book balance<br>&#160;(in thousands)</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Capital <br> expiration<br> date</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="15%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">USD 1,000,000,000</font></Div> </td>
<td width="1%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">03/31/1998</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Subordinated</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20,000,000</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">USD</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=left> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Semiannual</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68,129</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">03/31/2005 </font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=left> <font size=2 face="Times New Roman">(3)</font></p> </td> </tr>
<tr>
<td width="15%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">USD 1,000,000,000</font></Div> </td>
<td width="1%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10/31/2002</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="11%" valign="bottom"> <p> <font size=2 face="Times New Roman">Non-subordinated</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">142,500,000</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">USD</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">100</font></p> </td>
<td width="1%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p align=left> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="6%" valign="bottom"> <p> <font size=2 face="Times New Roman">Quarterly</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">482,078</font></p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="5%" valign="bottom"> <p> <font size=2 face="Times New Roman">10/31/2003 </font></p> </td>
<td width="2%" valign="bottom"> <p align=left> <font size=2 face="Times New Roman">(4)</font></p> </td> </tr>
<tr>
<td width="15%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>
<table align=center border=0 cellspacing=0 cellpadding=0 width="80%">
<tr>
<td width="4%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">(1)</font></Div> </td>
<td width="95%" colspan="28" valign="top"> <p> <font size=2 face="Times New Roman">Libor plus 330 basis points.</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">(2)</font></Div> </td>
<td width="95%" colspan="28" valign="top"> <p> <font size=2 face="Times New Roman">Libor plus 175 basis points.</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(3)</font></Div> </td>
<td width="95%" colspan="28" valign="top"> <p> <font size=2 face="Times New Roman">Principal is fully repayable upon maturity.</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">(4)</font></Div> </td>
<td width="95%" colspan="28" valign="top"> <p> <font size=2 face="Times New Roman">This bonds original expiration date was as of October 31, 2002 for a total amount of USD 150,000,000. They have been refinanced, including the interest payment and a
5% of capital as of October 31, 2002, the payment of a 5.26% of&#160; capital of a new bond in 180 days, while the remaining capital will be paid in a year.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 38 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">According to the provisions of the Corporate Bond Law and to the rules of the BCRA, the proceeds from the issuance of corporate bonds are allocated to (i) granting mortgage loans
to purchase and repair housing and personal loans in Argentina; (ii) granting corporate loans in Argentina earmarked for contributions to working capital; investment in physical assets located in Argentina or refinancing liabilities, or (iii)
contributing to working capital, investing in physical assets located in Argentina or refinancing liabilities.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>11.2.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds issued by CB</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">As regards the agreement executed by CB with the Fondo Fiduciario de Asistencia a Entidades Financieras y de Seguros (FFAEFS) (see note 12), as of December 31, 2002, there is a
series of common, subordinate corporate bonds nonconvertible into shares for a face value of US$30,000,000 issued on December 18, 1998, at LIBOR plus 4% per annum in the first period and then, LIBOR plus 3% or 8.07% per annum in case the
abovementioned interest rate were, for this period, less than 8.07% per annum, due on December 29, 2004. The principal is amortized in five annual, equal and consecutive installments, having the first matured on December 29, 2000, and the next
maturing every December 29 through the final maturity date. The interest will be payable in arrears on an annual basis on same payment date of the principal&#146;s amortization.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2002, the book value of such bonds amounts to 16,872, after conversion at the exchange rate of 1 Argentine pesos to each US dollar, and indexation by applying a
&#147;benchmark stabilization coefficient&#148; (&#147;CER&#148;).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>12.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>FUNDING OF THE FFAEFS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">12.1.</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;On November 22, 1996, the ex-BCA requested the Board of the FFAEFS for a US$ 60,000,000 loan to finance the purchase of certain assets and liabilities to be
excluded from ex - Banco Caseros S.A.&#160; Such request was granted and the respective agreement was signed on December 18, 1996.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">By means of such agreement, the Bank undertook to repay the loan seven years after disbursement by the FFAEFS on December 20, 1996, accruing compensatory interest at the rate
fixed by the International Bank for Reconstruction and Development for the Argentine National State for the second tranche of the loan called &#147;Bank Reform Loan 3926-AR&#148; plus 1% p.a.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">The Bank may issue subordinate corporate bonds with authorization of the public offering by the CNV and the authorization to trade on the BCBA under the conditions established in
the aforesaid agreement and up to the amount actually loaned.&#160; In this sense, the BCRA authorized to compute the financial assistance from its granting as subordinated debt to calculate the minimum capital requirement under BCRA
regulations.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">On July 22, 1997, the ex-BCA Regular Stockholders&#146; Meeting approved issuing subordinated corporate bonds in the amount of US$ 60,000,000 and granted the Board of Directors
the power to determine the issuance terms and conditions not expressly determined by such Stockholders&#146; Meeting.&#160; To date, the mentioned corporate bonds were not issued.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, the book value of such financing amounts to 84,318, after its conversion into Argentine pesos at the exchange rate of 1 Argentine peso to each US and its
updating by CER, and they are included in the account &#147;Financing received from local Financial Institutions&#148;, under &#147;Other liabilities from Financial Transactions&#148;.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">12.2.</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">&nbsp;&nbsp;&nbsp;On December 22, 1997, CB executed with the FFAEFS a loan for consumption agreement in the amount of US$ 30,000,000, which will be reimbursed in five annual,
equal and consecutive installments starting as from the disbursement date. The first one will be paid three years after such date.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">As per this agreement, CB issued subordinate corporate bonds with the authorization for public offering by the CNV and the authorization to trade on the BCBA in the terms and
conditions established in the loan for consumption agreement and under Communiqu&#233; &#147;A&#148; 2264 of the BCRA for the amount equivalent to that effectively loaned under the loan for consumption agreement referred to above. By Resolution No.
12,384 of August 28, 1998, the CNV authorized the issuance of common, subordinate corporate bonds nonconvertible into shares for a nominal value of US$ 30,000,000. Such issuance took place on December 18, 1998 (see note 11.2).</font></p> </td> </tr>
</table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 39 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2002, by Resolution No. 321 of the BCRA, the Bank recorded the above mentioned financing in the &#147;Subordinated Corporate Bonds&#148; account.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">Due to this agreement, the BF may not distribute cash dividends in amounts exceeding 50% of liquid and realized income related to each balance sheet normally prepared.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">On January 10, 2003, the Federal Executive published Decree 53/2003 by which those obligations made with Multilateral Lending Agencies, directly or through subsidiary loans or of
any nature and guarantees are excluded from the conversion into pesos. To date, this disposition is pending regulation on the side of the B.C.R.A. As for what has been explained, it is not possible to determine its effect on the current financial
statements.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>13.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>COMPLIANCE WITH CNV REQUIREMENTS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>13.1.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;&nbsp;&nbsp;Compliance with the requirements to act as agent in the over-the-counter market</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, the Bank&#146;s Stockholders&#146; Equity exceeds the minimum requested to act as agent in the over-the-counter market, according to Resolution No. 368/01
of the CNV.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>13.2.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>&nbsp;&nbsp;&nbsp;Mutual Fund custodian</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">As of December 31, 2002, in its capacity of custodian of &#147;FBA Acciones Globales&#148;, &#147;FBA Total&#148;, &#147;FBA Renta&#148;, &#147;FBA Renta Pesos&#148;, &#147;FBA
Renta D&#243;lares&#148;, &#147;FBA Bonos&#148;, &#147;FBA Calificado&#148;, &#147;FBA Ahorro D&#243;lares&#148;, &#147;FBA Ahorro Pesos&#148;, &#147;FBA Renta Fija&#148;, &#147;FBA Total 50&#148;, &#147;FBA Renta Premium&#148;, &#147;FBA
Horizonte&#148;, &#147;FBA Futuro&#148;, &#147;FBA Internacional&#148; and &#147;FBA Renta Corto Plazo&#148;, the Bank holds certificates of deposits, shares, corporate bonds, government securities, index and options in custody in the amount of
153,873, all of which making up the Fund&#146;s portfolio and booked in memorandum accounts &#147;Debit-Control - Other&#148;.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">As of December 31, 2001, in its capacity of custodian of &#147;FBA Acciones Globales&#148;, &#147;FBA Total&#148;, &#147;FBA Renta&#148;, &#147;FBA Renta Pesos&#148;, &#147;FBA
Renta D&#243;lares&#148;, &#147;FBA Bonos&#148;, &#147;FBA Calificado&#148;, &#147;FBA Internacional&#148;, &#147;FBA Ahorro D&#243;lares&#148;, &#147;FBA Ahorro Pesos&#148;, &#147;FBA Renta Fija&#148;, &#147;FBA Total 50&#148; , &#147;FBA Penta
Premium&#148;,&#160; &#147;FBA Financiero&#148;, &#147;FBA Europa&#148;, &#147;FBA Tecnol&#243;gico&#148;, &#147;FBA Biotecnol&#243;gico&#148;, &#147;FBA Jap&#243;n&#148;, &#147;FBA Horizonte&#148;, &#147;FBA Futuro&#148;, &#147;FBA Renta Corto
Plazo&#148;, &#147;FBA E.E.U.U.&#148;, the Bank held certificates of deposits, shares, corporate bonds, options and government securities in custody in the amount of&#160; 388,169, all of which making up the Funds&#146; portfolio and booked in
memorandum accounts &#147;Debit-Control-Other&#148;.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>14.</b></font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman"><b>CONTRIBUTION TO THE INSTITUTO DE SERVICIOS SOCIALES BANCARIOS (BANKING HEALTH SERVICES INSTITUTE)</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The contribution provided in Section 17, point (f) of Law No. 19,322 - originally 2% on interest and commissions charged by banks - was reduced to 1% as from July 1, 1996 through
July 1, 1997; as from the latter date, the abovementioned contribution was repealed (Decrees No. 263, dated March 20, 1996 and No. 915, dated August 7, 1996).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">The Argentine Bank Employees&#146; Association (ABA) filed a constitutional protection action seeking that the abovementioned decrees be declared unconstitutional.&#160; The
Federal Administrative-Contentious Court of Appeals ruled in favor of the constitutional protection action, reversing the original decision, and declared both decrees illegal.&#160; Subsequently, on November 4, 1997, the Supreme Court of Justice of
the Nation declared an extraordinary appeal brought before the Federal Administrative-Contentious Court of Appeals by the Federal Executive Branch (PEN) against the abovementioned ruling to be inadmissible on formal grounds (that is to say, the
Supreme Court did not rule on the substance of the matter).</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">On December 19, 1997, the Administrator of the Argentine Bank Employees&#146; Health Plan (OSBA) sent to the ex-BFRP and the ex-BCA a letter, in light of the abovementioned
developments, stating that the contribution provided in Section 17, point (f) of Law No. 19,322 is in full effect and requesting that steps</font></p> </td> </tr> </table>

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 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 40 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">be taken to have the abovementioned contributions deposited to the order of the abovementioned Health Care Organization.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">In another turn of events, by Decree No. 336/98 dated March 26, 1998, the PEN confirmed the total elimination of the Banking Health Services Institute (ISSB) and set
up a new entity (OSBA) which is not a continuation of the ISSB.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Upon an action against the Federal State for protection of a right guaranteed by the Constitution started by the enrollees of the ABA and OSBA to annul Decree
No.336/98, on April 3, 1998, the Judiciary decided to issue an official letter to the Ministry of Economy and Public Works and Utilities, as a restraining order and without rendering an opinion on the substance of the matter, notifying that the
abovementioned Ministry of Economy will have to abstain from enforcing Decree No. 336/98, specifically as far as the elimination of the contributions established by Section No.17, point (f) of Law No. 19,322 in favor of the ISSB and any other
measure modifying the situation prior to the issuance of the Decree objected to are concerned.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">In the opinion of the Bank&#146;s Management, OSBA&#146;s request is illegitimate and ungrounded since, to the date of issuance of these financial statements, the court
of last resource with jurisdiction on the merits of the case has not ruled on the illegality of the Decrees.&#160; Therefore, in the opinion of the Bank&#146;s Management, the contribution named has been abrogated and the Bank has complied with all
obligations arising out of the abovementioned Decrees.&#160; No provision was recorded to cover the contributions that may be claimed.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">Notwithstanding with standing the above, on October 25, 2000, the BCRA notified the bank, that OSBA requested and obtained an attachment over the account held by the
bank with the BCRA in the amount of 5,696 plus 1,709 for estimated interest, court costs and attorneys fees, while on October 31, 2000, the Bank receive service of process of the execution proceedings file by OSBA.&#160; On March 6, 2001, the trial
court ruled against the execution sought against the Bank and ordered that the attachment be lifted.&#160; The plaintiff appealed the trial court&#146;s judgment.&#160; In the opinion of the Bank&#146;s Management, the plaintiff has no right of
action and the claim is illegitimate and inappropriate.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>15.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>RESTRICTION ON EARNINGS DISTRIBUTIONS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">As stated in Note 12, the Bank may not distribute as dividends in cash an amount exceeding 50% of liquid and realized income related to each one of the financial statements
regularly prepared.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Under BCRA Communication &#147;A&#148; 3574, the distribution of profits is suspended for the period established by such institution.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">c)</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">As mentioned in note 3.3.b), BCRA Communiqu&#233; &#147;A&#148; 3785 allowed booking the Federal Government bonds received in compensation as holdings in investment accounts at
technical value, limiting the distribution of dividends in cash to income exceeding the difference between book value and the listing value booked in the month in which the fiscal year ends.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman"><b>16.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>PUBLICATION OF THE FINANCIAL STATEMENTS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">As provided by Communiqu&#233; &#147;A&#148; 760, the previous intervention of the BCRA is not required for the publication of these financial statements.</font></p>
</td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>17.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>ACCOUNTING PRINCIPLES &#149; EXPLANATION ADDED FOR TRANSLATION INTO ENGLISH</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">This financial statements are presented on the basis of the standards of the BCRA and, except for the effect of the matter mentioned in Note 4, in accordance with
generally accepted accounting principles in Argentina. Certain accounting practices applied by the Bank that conform with the standards of the BCRA and with generally accepted accounting principles in Argentina may not conform with the generally
accepted accounting principles in other countries.</font></p> </td> </tr> </table>

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 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 41 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">The effects of the differences, if any, between generally accepted accounting principles in Argentina and the generally accepted accounting principles in the countries in which
the financial statements are to be used have not been quantified.&#160; Accordingly, they are not intended to present financial position, results of operations and cash flows in accordance with generally accepted accounting principles in the
countries of the users of the financial statements, other than Argentina (taking into account the effect of the matter mentioned in Note 4).</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <font size=2 face="Times New Roman"></font> <p align=center> <font size=2 face="Times New Roman">- 42 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT A</b></font></p> <p align=center> <font
size=2 face="Times New Roman"><b>DETAIL OF GOVERNMENT AND PRIVATE SECURITIES<br>AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish
&#150; See Note 17)</font></p> <p align=center><font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="24%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="25%" colspan="8" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Holding</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="25%" colspan="8" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Serie</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Identification</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Market<br> value</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Book <br> balance as <br> of 2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Book <br> balance as <br> of 2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Position <br> without <br> options</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Options</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Final</b></font> <font size=1 face="Times New Roman"><b> <br> position</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>GOVERNMENT SECURITIES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Holdings in investment accounts</b></font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In pesos</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Treasury bills</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">90</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">ARLE901=BA</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in pesos</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In foreign currency</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine Republic External Bills</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p> <font size=2 face="Times New Roman">ARVEY4D3=BA</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,823</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">712,979</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">712,979</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Federal Government Bonds in US dollar Libor 2012</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,751,417</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,751,417</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,751,417</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in foreign currency</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,787,240</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,222</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,464,396</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,464,396</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in Holdings in investment accounts</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,846,406</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,222</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,523,562</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,523,562</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Holdings for trading or financial transactions</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">In pesos</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Treasury Bills</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">549</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">549</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">549</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">549</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Central Bank of the Argentine Republic Bills</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">700</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">700</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">303</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">303</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">303</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">303</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in pesos</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,552</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">500</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">852</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">852</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In foreign currency</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine Republic Global External Bonds</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2030</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">151</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">151</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">151</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">151</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine Republic External Bills &#149; Coupons 8 and10</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">335</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">335</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">335</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">335</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">178</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">178</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,558</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,558</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in foreign currency</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">664</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">456,048</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,044</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,044</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Foreign</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in foreign</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">46,611</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in Holdings for trading or financial transactions</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,216</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">502,959</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,896</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,896</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="24%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 43 -</font></p> <p align=right><font size=2 face="Times New Roman"><b>EXHIBIT A<br> (Contd.)</b></font></p> <p
align=center><font size=2 face="Times New Roman"><b>DETAIL OF GOVERNMENT AND PRIVATE SECURITIES<br>AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center><font size=2 face="Times New Roman">(Translation of financial statements originally
issued in Spanish - See Note 17)</font></p> <p align=center><font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="31%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="8" valign="top"> <p align=center><font size=1 face="Times New Roman"><b>Holding</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="8" valign="top"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <p><font size=1 face="Times New Roman"><b>Description</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Serie</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Identification</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Market <br> value</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Book <br> Balance as <br> of 2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Book <br> Balance as <br> of 2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Position <br> without <br> options</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Options</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Final <br> position</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Unlisted government securities</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In pesos</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine T-bills with which provincial and federal governments</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1,132</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1,132</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1,132</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Tax credit certificates due in 2003/2004</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">92,372</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">92,372</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">92,372</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Tucuman Provincial Treasury Bonds</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p><font size=2 face="Times New Roman">ARTUCU13=BA</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">47,411</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">47,411</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">47,411</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Argentine T-bills with which the Province of Buenos Aires</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,198</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,198</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,198</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">(107</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">(107</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in pesos</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,113</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,783</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,006</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,006</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In foreign currency</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in foreign currency</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">669,549</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal Unlisted government securities</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,113</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">673,332</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,006</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">142,006</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL GOVERNMENT SECURITIES</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,990,735</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,185,513</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,668,464</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">2,668,464</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="31%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
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<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
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<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 44 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT A<br> (Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>DETAIL OF GOVERNMENT AND PRIVATE SECURITIES<br>AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally
issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="8" valign="top"> <p align=center> <font size=1 face="Times New Roman"><b>Holding</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="8" valign="top"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="20%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Bank&#160; balances as of</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="20%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Serie</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Identification</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Market <br> value</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Book <br> Balance as <br> of 2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Book <br> Balance as <br>of 2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Position <br> without <br> options</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Options</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Final <br> position</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>INVESTMENTS IN LISTED PRIVATE SECURITIES</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Other debt instruments</b></font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In foreign currency</font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Metrogas 2003 Corporate Bonds</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in foreign currency</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">83</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Subtotal Other debt instruments</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">83</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Other Equity instruments</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">In pesos</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Sniafa S.A.</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">SNI.BA</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=right> <font size=2 face="Times New Roman">53</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">53</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">51</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">51</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">YPF Repsol S.A.</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">23</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">23</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">23</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">23</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(660</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(660</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in pesos</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">76</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">225</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(586</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(586</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Foreign</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Perez Companc ADR</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p align=right> <font size=2 face="Times New Roman">1,591</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,571</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(1</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Tenaris ADR</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">343</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">343</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">193</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">193</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="28%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal in foreign</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,591</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">214</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">535</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">535</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Subtotal Equity instruments</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,667</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">439</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(51</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(51</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL INVESTMENTS IN LISTED PRIVATE SECURITIES</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,700</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">522</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(18</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(18</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL GOVERNMENT AND PRIVATE SECURITIES</b></font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,992,435</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,186,035</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,668,446</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,668,446</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="30%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 45 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT B</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>CLASSIFICATION OF FINANCING FACILITIES BY CATEGORIES<br> AND GUARANTIES RECEIVED AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation
of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>COMMERCIAL PORTFOLIO</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Normal performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,018,117</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,462,603</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,856</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">172,508</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">798,380</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,589,212</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">In potential risk</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,047</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">13,900</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,822</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">627,905</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">135,855</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Nonperforming</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">346</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">220</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,608</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">47,295</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">342,424</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">67,001</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">With high risk of uncollectibility</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">855</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,450</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">31,335</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">792,516</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">129,916</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Uncollectible</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">531</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">46,059</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">14,513</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">337,193</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">72,910</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,004,140</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,726,237</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 46 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT B<br> (Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>CLASSIFICATION OF FINANCING FACILITIES BY CATEGORIES<br>AND GUARANTIES RECEIVED AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of
financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>CONSUMER AND HOUSING PORTFOLIO</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Normal performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,465</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,485</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">438,975</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,451,042</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">443,669</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,888,439</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Inadequate performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">55</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,852</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">29,921</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,049</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">56,791</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Deficient performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">24</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,566</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10,797</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,439</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">37,467</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unlikely to be collected</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">81</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,962</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,059</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">43,192</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">79,568</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Uncollectible</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">144</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">74</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,271</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">33,020</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">55,297</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">63,039</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Uncollectible, classified as such under regulatory requirements</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">98</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">499</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,063</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,052,409</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,703,023</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">General Total (1)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,056,549</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,429,260</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="94%" valign="top"> <p> <font size=2 face="Times New Roman">Items included:&#160; Loans (before allowances); Other receivables from financial transactions:&#160; Unlisted corporate bonds, Other receivables covered by debtor classification
regulations, Interest accrued and pending collection covered by debtor classification regulations; Assets out on financing lease (before allowances); Other receivables:&#160; Receivables from sale of goods; Contingent credit &#150; balance
memorandum accounts: Credit lines granted (unused portion) covered by debtor classification regulations, Other guaranties given covered by debtor classification regulations and Other covered by debtor classification regulations.</font></p> </td>
</tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 47 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT C</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>FINANCING FACILITIES CONCENTRATION<br>AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in
Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="50%" colspan="11" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>FINANCING</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="50%" colspan="11" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p><font size=1 face="Times New Roman"><b>Number of clients</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Outstanding<br> balance</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman">%</font> <font size=1 face="Times New Roman"><b> of total <br> portfolio</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Outstanding <br> balance</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>% of total <BR> portfolio</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">10 largest clients</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,148,073</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">56.84</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,267,303</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">40.62</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p> <font size=2 face="Times New Roman">50 next largest clients</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,092,157</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23.10</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,428,434</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">15.74</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">100 following clients</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">489,717</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5.41</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,165,599</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7.55</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p> <font size=2 face="Times New Roman">Remaining clients</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,326,602</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">14.65</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,567,924</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">36.09</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total (1)</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,056,549</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.00</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,429,260</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.00</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="5%" valign="top"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="94%" valign="top"> <p> <font size=2 face="Times New Roman">See (1) in Exhibit B.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 48 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT D</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>BREAKDOWN BY FINANCING TERMS AS OF DECEMBER 31, 2002</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150;
See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="16%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="59%" colspan="17" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Term remaining to maturity</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="59%" colspan="17" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Past-due <br> portfolio</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>1 month</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>3 months</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>6 months</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12 months</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>24 months</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>More than<br> 24 months</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Government sector</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">110,089</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">24,989</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">26,021</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">212,386</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">103,698</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,508,792</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,985,975</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Financial sector</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">25,872</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">114</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">273</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">550</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,119</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,612</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">30,540</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Non financial private sector and residents abroad</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,221,223</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,666,773</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">139,158</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">163,224</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">232,903</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">183,882</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">432,871</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,040,034</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,221,223</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,802,734</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">164,261</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">189,518</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">445,839</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">288,699</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,944,275</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,056,549 </font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td> </tr>
<tr>
<td width="16%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=17></td>
<td width=80></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=17></td> </tr> </table> <BR>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="89%" valign="top"> <p> <font size=2 face="Times New Roman">See (1) in Exhibit B.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 49 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT E</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>DETAIL OF INVESTMENTS IN OTHER COMPANIES AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued
in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="34%" colspan="4" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Concept</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="42%" colspan="11" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Shares</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="18%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Amount</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="4" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="42%" colspan="11" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="18%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Identification</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="22%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Description</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Class</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Unit face<br> value</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Votes per<br> share</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Number</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="22%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>FINANCIAL INSTITUTIONS, SUPPLEMENTARY AND AUTHORIZED</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Controlled</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Local</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">33642192049</font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Franc&#233;s Valores Sociedad de Bolsa S.A.</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">500</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">3,199</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">6,052</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">2,361</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">30663323926</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A.</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,899,600</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">122,929</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">133,468</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">33678564139</font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Vida S.A.</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">10</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">197,875</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">38,007</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">49,662</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">30678574097</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Retiro S.A.</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">200,000</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">31,053</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">57,693</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">30704936016</font></Div> </td>
<td width="1%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Credilogros Compa&#241;&#237;a Financiera S.A.</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">39,700,000</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">32,087</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">102,604</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">190</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">351</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Foreign</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">17426001</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Ltd.</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">US$</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">82,283,621</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,239,156</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">262,116</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">127,005</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="30%" colspan="7" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Subtotal controlled</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,469,474</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">735,260</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Noncontrolled</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Local</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">33707124909</font></Div> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Rombo C&#237;a. Financiera S.A.</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">8,000,000</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">12,062</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">16,093</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">5,309</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">9,841</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Foreign</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">846</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">550</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="41%" colspan="10" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Subtotal noncontrolled</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">18,217</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">26,484</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="41%" colspan="10" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total in financial institutions, supplementary and authorized</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,487,691</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">761,744</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>IN OTHER COMPANIES</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Noncontrolled</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Local</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">30685228501</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Consolidar ART S.A.</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">375,000</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">14,418</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">12,368</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">30500064230</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">BBVA Seguros S.A.</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Common</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">$</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">550,332</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">3,525</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,057</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">272</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">1,597</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Foreign</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">17415001</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">A.I.G. Latin American Fund</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">18,091</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">11,738</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="18%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">51</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">35</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="18%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="41%" colspan="10" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Subtotal noncontrolled</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">36,357</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,795</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="41%" colspan="10" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Total in other companies</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">36,357</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">29,795</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="41%" colspan="10" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>TOTAL INVESTMENTS IN OTHER COMPANIES</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,524,048</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">791,539</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="7%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="7%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 50 -</font></p> <p align=right><font size=2 face="Times New Roman"><b>EXHIBIT E<br> (Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>DETAIL OF INVESTMENTS IN OTHER COMPANIES AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued
in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" colspan="13" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Information about the issuer</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" colspan="13" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="50%" colspan="10" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Data from last published financial statements</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="50%" colspan="10" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Main<br> business</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Fiscal year/<br> period-end</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Capital<br> stock</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Stockholders&#146;<br> equity</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Net income<br> for the fiscal<br> year/ period</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>FINANCIAL INSTITUTIONS, SUPPLEMENTARY AND AUTHORIZED</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Controlled</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Thousands of $</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Franc&#233;s Valores Sociedad de Bolsa S.A.</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p> <font size=2 face="Times New Roman">Stockholder</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,600</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,053</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,688</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Pensions fund manager</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,525</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="14%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">223,964</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,807</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Vida S.A.</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p> <font size=2 face="Times New Roman">Insurance company</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">3,000</font></p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="14%" valign="top"> <p align=right> <font size=2 face="Times New Roman">36,226</font></p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="top"> <p align=right> <font size=2 face="Times New Roman">(146</font></p> </td>
<td width="1%" valign="top"> <p align=left> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Retiro S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Insurance company</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,000</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="14%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">37,431</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(7,983</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p align=left> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Credilogros Compa&#241;&#237;a Financiera S.A.</font></Div> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="top"> <p> <font size=2 face="Times New Roman">Financial institution</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">57,100</font></p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="14%" valign="top"> <p align=right> <font size=2 face="Times New Roman">42,510</font></p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="top"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="top"> <p align=right> <font size=2 face="Times New Roman">(101,622</font></p> </td>
<td width="1%" valign="top"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Foreign</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">Thousands of US$</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Ltd.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Banking</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">398,500</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,239,156</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(745,680</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Noncontrolled</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">Thousands of $</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Rombo C&#237;a. Financiera S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Financial Institution</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20,000</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,157</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="top" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(25,111</font></p> </td>
<td width="1%" valign="top" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Foreign</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>IN OTHER COMPANIES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Noncontrolled</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Local</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Thousand of $</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar ART S.A.</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p> <font size=2 face="Times New Roman">Workers compensation</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="top"> <p align=right> <font size=2 face="Times New Roman">3,000</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="top"> <p align=right> <font size=2 face="Times New Roman">104,510</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="top"> <p align=right> <font size=2 face="Times New Roman">14,250</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">BBVA Seguros S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Insurance</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12/31/02</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,503</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">28,845</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(411</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="33%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Foreign</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Thousand of US$</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">A.I.G. Latin American Fund</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p> <font size=2 face="Times New Roman">Investing</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">12/31/00</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">37,048</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">27,615</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(9,433</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>&#149;</b></font></Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 51 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT F</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>MOVEMENT OF BANK PREMISES AND EQUIPMENT<br> AND OTHER ASSETS FOR THE FISCAL YEAR<br> ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center><font size=2
face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Restated net book <br> value at beginning<br> of fiscal year</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Additions in <br> constant<br> currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Transfers in <br> constant<br> currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Decreases in<br> constant <br> currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>PREMISES AND EQUIPMENT</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Real Estate</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">382,339</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,177</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">382</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,907</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Furniture and Facilities</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">41,629</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,684</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Machinery and Equipment</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">65,446</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,051</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Automobiles</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">563</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">307</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">140</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">489,977</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,219</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">382</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,047</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER ASSETS</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Works of Art</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">976</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Rent assets</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,253</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,533</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Assets acquired to secure loans</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,189</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,134</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(14,536</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,905</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Stationery and office supplies</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,156</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,478</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">13,656</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other assets</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">124,264</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">72</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">14,154</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,942</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">153,838</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,684</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(382</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">57,036</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 52 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT F<br> (Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>MOVEMENT OF BANK PREMISES AND EQUIPMENT<br> AND OTHER ASSETS FOR THE FISCAL YEAR<br> ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center><font size=2
face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="34%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="31%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Depreciation for the fiscal year in<br>&#160;constant currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="31%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Years of<br> useful life</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Amount</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Net book value at<br> 2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Net book value at<br> 2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="15%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>PREMISES AND EQUIPMENT</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Real Estate</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">50</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">12,069</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">370,922</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">382,339</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Furniture and Facilities</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,046</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">36,267</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">41,629</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Machinery and Equipment</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">29,844</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">44,653</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">65,466</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Automobiles</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">189</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">541</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">563</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">50,148</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">452,383</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">489,977</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER ASSETS</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Works of Art</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">976</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">976</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Rent assets</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">50</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">111</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,609</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,253</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Assets acquired to secure loans</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">50</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">563</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,319</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,189</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Stationery and office supplies</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">978</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,156</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other assets</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">50</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,687</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">100,861</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">124,264</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="34%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,361</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">112,743</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">153,838</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="29%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="14%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 53 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT G</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>MOVEMENT OF INTANGIBLE ASSETS FOR THE FISCAL YEAR<br> ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements
originally issued in Spanish &#150; See Note 17)</font></p> <p align=center><font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="90%">
<tr>
<td width="41%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Restated net<br> book value at<br> beginning of<br> fiscal year</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Additions in <br> constant<br> currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Decreases in<br> constant<br> currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="41%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="38%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Goodwill</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">110,972</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="38%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Organization and development expenses (1)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">138,372</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">57,695</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">120</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="38%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="38%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">249,344</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">57,695</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">120</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="38%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <p><font size=2 face="Times New Roman">&nbsp;</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="22%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="35%" colspan="4" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Amortization for the fiscal year in<br> constant currency</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="22%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="35%" colspan="4" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="22%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Years of<br> useful life</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Amount</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Net book value at<br> 2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Net book value at<br> 2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="22%" colspan="3" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="19%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Goodwill</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">10</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">62,687</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">48,285</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">110,972</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="19%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Organization and development expenses (1)</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">5</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">123,894</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">72,053</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right><font size=2 face="Times New Roman">138,372</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="19%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="19%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">186,581</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">120,338</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">249,344</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="19%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="16%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="16%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=23></td>
<td width=1></td>
<td width=140></td>
<td width=9></td>
<td width=9></td>
<td width=120></td>
<td width=9></td>
<td width=9></td>
<td width=120></td>
<td width=9></td>
<td width=9></td>
<td width=120></td>
<td width=9></td>
<td width=9></td>
<td width=120></td>
<td width=8></td> </tr> </table> <BR>
<table align=center border=0 cellspacing=0 cellpadding=0 width="90%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="95%" valign="top"> <p> <font size=2 face="Times New Roman">This mainly includes costs from information technology projects contracted from independent parties and leasehold improvements.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 54 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT H</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>CONCENTRATION OF DEPOSITS<br> AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish
&#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="46%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="24%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Number of clients</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Outstanding<br> balance</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>% of total<br> portfolio</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Outstanding<br> balance</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>% of total<br> portfolio</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">10 largest clients</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">533,992</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8.35</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,089,035</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8.49</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">50 next largest clients</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">668,098</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10.44</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">970,360</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7.57</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">100 following clients</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">410,845</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6.42</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">417,106</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3.25</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Remaining clients</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,784,815</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">74.79</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10,348,369</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">80.69</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,397,750</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.00</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,824,870</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.00</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">%</font></p> </td> </tr>
<tr>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=6></td>
<td width=91></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=12></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=12></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 55 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT I</b></font></p> <p align=center>
<font size=2 face="Times New Roman"><b>BREAKDOWN OF MATURITY TERMS OF DEPOSITS,<br> OTHER LIABILITIES FROM FINANCIAL TRANSACTIONS AND<br> SUBORDINATED CORPORATE BONDS<br> AS OF DECEMBER 31, 2002</b></font></p> <p align=center> <font size=2
face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="21%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="75%" colspan="20" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Term remaining to maturity</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="75%" colspan="20" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>1 month</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>3 months</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>6 months</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>12 months</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>24 months</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>More than<br> 24 months</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Deposits</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,460,897</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">420,147</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">75,686</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">306,991</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">861,487</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">272,542</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,397,750</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Other liabilities from financial transactions</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Central Bank of the Argentine Republic</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,827,782</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,645</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">681</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">18</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">330,678</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,164,839</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Banks and International Institutions</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">632,330</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,676</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">94,690</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">32,850</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">189</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,124</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">771,859</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Non-subordinated corporate bonds</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,058</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">454,020</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">482,078</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Financing received from Argentine financial institutions</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,412</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">84,318</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99,730</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">333,353</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">333,353</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,808,877</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,711</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">128,393</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">571,869</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">207</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">339,802</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,851,859</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Subordinated corporate bonds</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">869</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,440</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,432</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">67,260</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">85,001</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,269,774</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">423,727</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">204,079</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">887,300</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">870,126</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">679,604</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,334,610</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 56 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT J</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>MOVEMENT OF ALLOWANCES FOR THE FISCAL YEAR</b></font></p> <p align=center> <font size=2 face="Times New Roman"><b>ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2
face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="13%" colspan="9" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Decreases</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="22%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Book value</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="22%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Description</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Restated book<br> value at beginning<br> of fiscal year</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Increases<br> in constant<br> currency</b></font></p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Reversals in<br> constant<br> currency</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Applications in<br> constant<br> currency</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Monetary<br> gain<br> generated on<br> allowances</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>DEDUCTED FROM ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Loans</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="6" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="9%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Allowance for doubtful loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">997,470</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">933,843</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)(5)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">214,520</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(887,474</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">829,319</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">997,470</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other receivables from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="5" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="9%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Allowance for doubtful receivables</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,102</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">104,069</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)(6)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(11,718</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">101,453</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,102</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Assets subject to financial leasing</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="4" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="9%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Allowance for doubtful receivables</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">727</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">153</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(410</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">470</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">727</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Investments in other companies</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="3" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="9%" colspan="6" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">For impairment value</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,738</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,941</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(3)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(15,588</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">18,091</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,738</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other receivables</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="10%" colspan="7" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Allowance for doubtful receivables</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,059</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">466,550</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,639</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(75,474</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">391,496</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,059</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="6%" colspan="8" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,022,096</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,526,556</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">217,159</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(990,664</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,340,829</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,022,096</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>LIABILITIES-<br> ALLOWANCES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="3%" colspan="2" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="10%" colspan="7" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contingents commitments</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,254</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">316,918</font></p> </td>
<td width="4%" valign="bottom"> <p> <font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(11,325</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">306,847</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,254</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="10%" colspan="8" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other contingencies</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">112,551</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">342,121</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">(4)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">235,259</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(54,337</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">165,076</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">112,551</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="6%" colspan="7" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="7%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">113,805</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">659,039</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">235,259</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(65,662</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">471,923</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">113,805</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="13%" colspan="9" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="8%" valign="bottom"> <hr size=3 width="100%" noshade color=black align=left> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=21></td>
<td width=2></td>
<td width=2></td>
<td width=1></td>
<td width=1></td>
<td width=1></td>
<td width=17></td>
<td width=2></td>
<td width=51></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=32></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=5></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table> <BR>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Recorded in compliance with the provisions of Communiqu&#233; &#147;A&#148; 2729, as supplemented, of the BCRA, taking into account note 3.3.f).</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Recorded to cover possible uncollectibility risks arising out of payments under protection actions booked in &#147;Other Receivables&#148; (note 1.2.7.I).</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p> <font size=2 face="Times New Roman">(3)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Recorded, mainly, to recognize the estimated impairment in AIG Latin American Fund&#146;s equity as of December 31, 2002.</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p><font size=2 face="Times New Roman">(4)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Recorded to cover possible contingencies that were not considered in other accounts (civil, labor, commercial and other lawsuits).&#160; (note 3.3.r).</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p> <font size=2 face="Times New Roman">(5)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">This includes 137,378 of charge on loans impairment, booked in &#147;Financial expense - Other&#148;.</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p> <font size=2 face="Times New Roman">(6)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">This includes 25,219 of charge on allowances on financial trusts, booked in &#147;Financial income - Net income from government and private securities&#148;</font></p> </td> </tr>

<tr>
<td width="8%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="top"> <p> <font size=2 face="Times New Roman">(7)</font></p> </td>
<td width="87%" valign="top"> <p> <font size=2 face="Times New Roman">Includes exchange differences generated as allowances in foreign currency, booked in the &#147;Financial income - Gold and foreign currency exchange difference&#148; account, as
follow:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="76%">
<tr bgcolor="#cceeff">
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="73%" valign="top"> <p> <font size=2 face="Times New Roman">Loans</font></p> </td>
<td width="21%" valign="top"> <p align=right> <font size=2 face="Times New Roman">283,044</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="73%" valign="top"> <p> <font size=2 face="Times New Roman">Other receivables from financial transactions</font></p> </td>
<td width="21%" valign="top"> <p align=right> <font size=2 face="Times New Roman">158</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="73%" valign="top"> <p> <font size=2 face="Times New Roman">Assets out on financing lease</font></p> </td>
<td width="21%" valign="top"> <p align=right> <font size=2 face="Times New Roman">153</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="73%" valign="top"> <p> <font size=2 face="Times New Roman">Investments in other companies</font></p> </td>
<td width="21%" valign="top"> <p align=right> <font size=2 face="Times New Roman">21,941</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="73%" valign="top"> <p> <font size=2 face="Times New Roman">Other receivables</font></p> </td>
<td width="21%" valign="top"> <p align=right> <font size=2 face="Times New Roman">2,103</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 57 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT K</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>CAPITAL STRUCTURE AS OF DECEMBER 31, 2002</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note
17)</font></p> <p align=center><font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="51%" colspan="8" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>SHARES</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="43%" colspan="11" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>CAPITAL STOCK</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="51%" colspan="8" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="43%" colspan="11" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="26%" colspan="2" rowspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=1 face="Times New Roman"><b>Class</b></font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="10%" colspan="2" rowspan="3" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Quantity</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" rowspan="3" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Votes per<br> share</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Issued</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" rowspan="3" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Pending<br> issuance or<br> distribution</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" rowspan="3" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Paid in</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Outstanding</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>In portfolio</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="26%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="26%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Common</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">368,128,432</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=center> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">368,073</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">55</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">368,128</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="26%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">(2)</font></p> </td> </tr>
<tr>
<td width="26%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="top"> <p align=center><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="91%" colspan="20" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Shares issued and available to stockholders&#146; but not as yet withdrawn.</font></Div> </td> </tr>
<tr>
<td width="8%" valign="top"> <p align=center> <font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="20" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&nbsp;</font></Div> </td> </tr>
<tr>
<td width="8%" valign="top"> <p align=center> <font size=2 face="Times New Roman">(2)</font></p> </td>
<td width="91%" colspan="20" valign="top"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Capital registered with the Public Registry of Commerce (note 2.3).</font></Div> </td> </tr>
<tr >
<td width=30></td>
<td width=67></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=17></td>
<td width=97></td>
<td width=97></td>
<td width=17></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 58 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT L</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>FOREIGN CURRENCY BALANCES AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish
&#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="99%">
<tr>
<td width="23%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="64%" colspan="17" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="64%" colspan="17" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="64%" colspan="17" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total of fiscal year (per type of currency)</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="64%" colspan="17" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=1 face="Times New Roman"><b>Accounts</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total of<br> fiscal year</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Euro</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>US Dollars</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Deutsche<br> Marks</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Pounds<br> Sterling</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>French<br> Franc</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Swiss<br> Franc</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Yen</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Other</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total of<br> fiscal year</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>ASSETS</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman">Cash and due from banks</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">163,814</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,121</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">162,064</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">88</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">103</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">438</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,131,176</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Government and private securities</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,789,528</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,789,528</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,181,527</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">Loans</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,084,984</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">306</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,084,678</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">11,166,004</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other receivables from financial transactions</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,243,053</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,242,930</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">123</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">712,080</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">Assets subject to financial leasing</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">116</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">116</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">49,130</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Investments in other companies</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,258,144</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,258,144</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">401,444</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">Other receivables</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">34,910</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">34,910</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,947</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Suspense items</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,871</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">TOTAL</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,574,591</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,427</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,572,412</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">88</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">103</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">561</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,676,179</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>LIABILITIES</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman">Deposits</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">137,492</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">137,492</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10,748,644</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other liabilities from financial transactions</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,818,726</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">884</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,817,577</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">264</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,120,191</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">Other liabilities</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,314,527</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">13</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,314,506</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">33,552</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Subordinated corporate bonds</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68,129</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68,129</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">371,489</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">Suspense items</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">46</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">46</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">42,937</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">TOTAL</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,338,920</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">897</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,337,750</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">264</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">13,316,813</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>MEMORANDUM ACCOUNTS</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman"><b>Debit accounts (except contra debit accounts)</b></font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Contingent</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,529,142</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,529,142</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,263,777</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Control</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,885,853</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,795</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,874,963</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,093</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,315,383</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">For trust activities</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">191,994</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">TOTAL</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">27,414,995</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,795</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">27,404,105</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,093</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,771,154</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="20%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>Credit accounts (except contra credit accounts)</b></font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Contingent</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">879,606</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">879,606</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,538,245</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="17%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Control</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,379</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="14%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">TOTAL</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">879,606</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">879,606</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,546,624</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="23%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="5%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="3%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=13></td>
<td width=13></td>
<td width=13></td>
<td width=67></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 59 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT N</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>ASSISTANCE TO RELATED CLIENTS AND AFFILIATES AS DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally
issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="99%">
<tr>
<td width="27%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="71%" colspan="17" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Status</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="71%" colspan="17" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Nonperforming/<br> Deficient<br> Compliance</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>With high risk of<br> uncollectibility/<br> Unlikely to be collected</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="27%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Concept</b></font></Div> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Normal</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>In Potential Risk/<br> Inadequate<br>&#160;Compliance</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Not yet<br> matured</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Past-due</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Not yet<br> matured</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="16%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Past-due</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="15%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">1.</font></Div> </td>
<td width="24%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Loans</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">27,208</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Overdraft</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,483</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,483</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Discounted Instruments</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" colspan="4" valign="top"> <p> <font size=2 face="Times New Roman">Real Estate Mortgage and Collateral Loans</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">130</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">130</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Consumer</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">16</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Credit Cards</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">75</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">75</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="22%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">25,504</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="22%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,504</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">2.</font></Div> </td>
<td width="24%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other receivables from financial transactions</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">712</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">3.</font></Div> </td>
<td width="24%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Assets out on financing lease and other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,433</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">4.</font></Div> </td>
<td width="24%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contingent commitments</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,890</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="2%" valign="top"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">5.</font></Div> </td>
<td width="24%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Investments in other companies and private securities</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,353,460</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="15%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,409,703</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="15%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total Allowances</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="15%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="27%" colspan="6" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="15%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=11></td>
<td width=8></td>
<td width=1></td>
<td width=0></td>
<td width=0></td>
<td width=77></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 60 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>EXHIBIT N<br> (Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>ASSISTANCE TO RELATED CLIENTS AND AFFILIATES AS DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally
issued in Spanish &#150; See Note 17)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="49%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="26%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Status</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="26%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" rowspan="3" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Uncollectible</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="14%" colspan="2" rowspan="3" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Uncollectible, classified <br> as such <br> under regulatory<br> requirements</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="21%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="14%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">1.</font></Div> </td>
<td width="46%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Loans</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">27,208</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">125,597</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="43%" valign="bottom"> <p> <font size=2 face="Times New Roman">Overdraft</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,483</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,932</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,483</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,932</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="43%" valign="bottom"> <p> <font size=2 face="Times New Roman">Discounted instruments</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,067</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,067</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="43%" valign="bottom"> <p> <font size=2 face="Times New Roman">Real Estate Mortgage and Collateral Loans</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">130</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,141</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">130</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,141</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="43%" valign="bottom"> <p> <font size=2 face="Times New Roman">Consumer</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">16</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">83</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">83</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="43%" valign="bottom"> <p> <font size=2 face="Times New Roman">Credit cards</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">75</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">109</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">75</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">109</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="43%" valign="bottom"> <p> <font size=2 face="Times New Roman">Other</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">25,504</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">118,265</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="43%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,504</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">118,265</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">2.</font></Div> </td>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other receivables from financial transactions</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">712</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">40,186</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">3.</font></Div> </td>
<td width="46%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Assets out on financing lease and other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,433</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16,191</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">4.</font></Div> </td>
<td width="46%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contingent commitments</font></Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,890</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,918</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">5.</font></Div> </td>
<td width="46%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Investments in other companies and private securities</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,353,460</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">645,834</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="13%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,409,703</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">851,726</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="13%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total Allowances</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="13%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,658</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="49%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="13%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="8%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 61 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2002 AND 2001<br> (Art. 33 of Law No. 19,550)</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17<br> to the financial statements of
BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>CASH AND DUE FROM BANKS</b></font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">236,485</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">599,176</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Due from banks and correspondents</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">806,425</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,285,992</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,042,910</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,885,168</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>GOVERNMENT AND PRIVATE SECURITIES</b> (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Holdings in investment accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,882,749</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">56,017</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Holdings for trading or financial transactions</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">177,818</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">662,507</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unlisted Government Securities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">150,727</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">702,861</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Investments in listed private securities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53,999</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">74,167</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Less: Allowances</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">41,905</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,223,388</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,495,552</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>LOANS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">To government sector (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,430,362</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,552,021</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">To financial sector (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,631</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">60,248</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">To non financial private sector and residents abroad (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,827,407</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,654,184</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Overdraft</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">155,141</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">735,933</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Discounted instruments</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">221,690</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,064,595</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Real estate mortgage</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">503,711</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,651,288</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Collateral Loans</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10,221</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">66,323</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consumer</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">190,034</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">840,745</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Credit cards</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">141,213</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">535,267</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,500,364</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,636,279</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest and listed-price differences accrued and pending collection</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">106,001</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">170,745</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Unused collections</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">819</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">578</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Less: Interest documented together with main obligation</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">149</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">46,413</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Allowances</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,054,699</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,272,009</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,215,701</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,994,444</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER RECEIVABLES FROM FINANCIAL TRANSACTIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Central Bank of the Argentine Republic</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">298,141</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">139,842</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Amounts receivable for spot and forward sales pending settlement</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">26,571</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">454,459</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Instruments to be received for spot and forward purchases pending settlement</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">721,772</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">91,334</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Premiums on options purchased</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unlisted corporate bonds (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">214,858</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">186,825</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other receivables not covered by debtor classification regulations</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">443,472</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">219,757</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other receivables covered by debtor classification regulations (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">12,374</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">38,728</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest accrued and pending collection not covered by debtor classification regulations</font></Div>
</td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99,756</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">17</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest accrued and pending collection covered by debtor classification regulations (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,766</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">31</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Less: Others unused collections</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">157</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Allowances</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">127,379</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,335</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,699,174</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,121,658</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>ASSETS SUBJECT TO FINANCIAL LEASING</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Assets subject to financial leasing (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22,391</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">57,457</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less:&#160; Allowances</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">592</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">764</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">21,799</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">56,693</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>INVESTMENTS IN OTHER COMPANIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">In financial institutions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">12,908</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,124</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">46,178</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42,119</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Allowances</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">18,091</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">11,738</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">40,995</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">49,505</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER RECEIVABLES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Receivables from sale of property assets (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">140</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">347</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,450,042</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">514,803</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other accrued interest receivable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less: Allowances</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">392,139</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,166</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">1,058,044</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">511,986</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>PREMISES AND EQUIPMENT</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">492,553</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">544,857</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">113,618</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">154,021</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>INTANGIBLE ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Goodwill</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">48,285</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">110,973</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Organization and development expenses</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">167,763</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">261,987</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">216,048</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">372,960</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>SUSPENSE ITEMS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">526</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,567</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER SUBSIDIARIES&#180; ASSETS</b> (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,941</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,188</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL ASSETS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16,146,697</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">22,206,599</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=4></td>
<td width=4></td>
<td width=318></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 62 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>&#160;(Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>CONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman"><b>(Art. 33 of Law No. 19,550)</b></font></p> <p align=center>
<font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17<br> to the financial statements of BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center> <font size=2
face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="5" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>LIABILITIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>DEPOSITS</b></font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Government sector</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">22,699</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">74,946</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Financial sector</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">49,240</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">208,083</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Non financial private sector and residents abroad</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,798,632</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,746,018</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Checking accounts</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,291,851</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,645,727</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Savings deposits</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">542,989</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,719,535</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Time deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,774,166</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,676,165</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Investments accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,048</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,565,314</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">641,834</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="64%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest and listed-price differences accrued payable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">621,264</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">62,757</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">6,870,571</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,029,047</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER LIABILITIES FROM FINANCIAL TRANSACTIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Central Bank of the Argentine Republic</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,164,839</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,266</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="11%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="61%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,164,839</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">19,266</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Banks and International Institutions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,734,952</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">664,864</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Non-subordinated corporate bonds</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">479,228</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">545,525</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Amounts payable for spot and forward purchases pending settlement</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">411,059</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">95,550</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Instruments to be delivered for spot and forward sales pending settlement</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">27,664</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">435,927</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Premiums on options sold</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Financing received from Argentine financial institutions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">61,647</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">327,961</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">218,791</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">500,065</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr bgcolor="#cceeff">
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest and listed&#149;price differences accrued payable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">38,208</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">16,460</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,136,388</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,605,618</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER LIABILITIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Dividends payable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">17</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Fees payable</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">153</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,304</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">155,690</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">451,625</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">155,843</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">453,946</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ALLOWANCES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">669,670</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">149,648</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>SUBORDINATED CORPORATE BONDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">85,001</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">371,489</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>SUSPENSE ITEMS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,064</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">69,845</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER SUBSIDIARIES&#146; LIABILITIES</b>&#160; (Note 5)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,048,134</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,160,513</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL LIABILITIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">13,971,671</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">19,840,106</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>MINORITY INTEREST IN SUBSIDIARIES</b> (Note 3)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">163,799</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">311,473</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>STOCKHOLDERS&#146; EQUITY</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,011,227</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,055,020</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="4" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL LIABILITIES AND STOCKHOLDERS&#146; EQUITY</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">16,146,697</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">22,206,599</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="5" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=4></td>
<td width=5></td>
<td width=5></td>
<td width=5></td>
<td width=308></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 63 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>MEMORANDUM ACCOUNTS</b></font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="68%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>DEBIT ACCOUNTS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Contingent</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Guaranties received</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,786,474</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,742,405</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra contingent debit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,946,149</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,162,485</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">9,732,623</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">13,904,890</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Control</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Receivables classified as irrecoverable</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">585,861</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,074,036</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33,469,860</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">35,827,702</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra control debit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,172</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">167,007</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">34,081,893</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">37,068,745</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">For trustee activities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Funds in trust</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">59,174</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">241,984</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">59,174</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">241,984</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="60%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">TOTAL</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">43,873,690</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">51,215,619</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>CREDIT ACCOUNTS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Contingent</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="top" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Credit lines granted (unused portion covered by debtor classification regulations (Exhibit
1)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">149,777</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">410,774</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Guaranties provided to the BCRA</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,805,504</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,024</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other guaranties given covered by debtor classification regulations (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">682,577</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,300,241</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other guaranties given not covered by debtor classification regulations</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,951</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other covered by debtor classification regulations (Exhibit 1)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">308,291</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">430,495</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra contingent credit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">5,786,474</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">11,742,405</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,732,623</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">13,904,890</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Control</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Items to be credited</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,172</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">166,920</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">87</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra control credit accounts</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">34,055,721</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">36,901,738</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">34,081,893</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">37,068,745</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">For trustee activities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="62%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Contra credit accounts for trustee activities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">59,174</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">241,984</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">59,174</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">241,984</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="60%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">TOTAL</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">43,873,690</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">51,215,619</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="68%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=8></td>
<td width=3></td>
<td width=315></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table> <p align=center><font size=2 face="Times New Roman">The accompanying notes 1 through to 5 to the consolidated financial statements with subsidiaries and the Exhibit 1 are an integral part of these statements, which
in turn are part of the individual Financial Statements of BBVA Banco Franc&#233;s S.A. and are to be read in conjunction therewith.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 64 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>CONSOLIDATED STATEMENTS OF INCOME<br>
FOR THE FISCAL YEARS ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2 face="Times New Roman"><b>(Art. 33 of Law No. 19,550)</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial
statements originally issued in Spanish &#150; See Note 17<br> to the financial statements of BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>FINANCIAL INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on cash and due from banks</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,350</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">56,038</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on loans to the financial sector</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,243</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">38,433</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on overdraft</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">180,034</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">179,209</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on discounted instruments</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">63,604</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">256,626</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on real estate mortgage</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">90,266</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">215,923</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on collateral loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,579</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,888</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on credit card loans</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">61,565</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">102,797</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on other loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">357,245</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,090,484</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest from other receivables from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,427</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">54,456</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Income from guaranteed loans - Decree 1387/01</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,824,375</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">71,640</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net income from government and private securities</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">85,845</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">734,065</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Indexation by CER</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,457,028</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,463,060</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">188,320</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">5,622,621</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,996,879</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>FINANCIAL EXPENSE</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on checking accounts</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">241,860</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,815</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on savings deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,465</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">40,129</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Interest on time deposits</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">539,350</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,009,251</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest on financing to the financial sector</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,239</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,079</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Interest from other liabilities from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">154,546</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">132,783</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other interest</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">682,520</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">36,755</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net income from government and private securities</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,074</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net loss on options</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Indexation by CER</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,134,624</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,810,829</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">137,073</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">4,578,507</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,398,915</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>GROSS INTERMEDIATION MARGIN - GAIN</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,044,114</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,597,964</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>ALLOWANCES FOR DOUBTFUL LOANS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">650,576</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,117,734</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>SERVICE INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Related to lending transactions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">92,224</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">166,918</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Related to liability transactions</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">155,145</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">265,559</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other commissions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">229,650</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">559,492</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">67,710</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">172,205</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">544,729</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,164,174</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>SERVICE EXPENSES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Commissions</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,981</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">74,543</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,623</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">51,146</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">57,604</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">125,689</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 65 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>(Contd.)</b></font></p> <p
align=center><font size=2 face="Times New Roman"><b>CONSOLIDATED STATEMENTS OF INCOME <br> FOR THE FISCAL YEARS ENDED DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center><font size=2 face="Times New Roman"><b>(Art. 33 of Law No.
19,550)</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17<br> to the financial statements of BBVA Banco Franc&#233;s S.A.)</font></p> <p
align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>MONETARY LOSS ON FINANCIAL INTERMEDIATION</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(194,920</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OPERATING EXPENSES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Payroll expenses</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">393,288</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">774,161</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Fees to Bank Directors and Statutory Auditors</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">762</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,474</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other professional fees</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">26,940</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,300</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Advertising and publicity</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">20,170</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">50,461</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Taxes</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">31,771</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">64,553</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other operating expenses</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">331,830</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">349,876</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">58,036</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">112,086</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">862,797</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,382,911</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>MONETARY LOSS ON OPERATING EXPENSES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(26,783</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>NET (LOSS)/GAIN FROM FINANACIAL TRANSACTIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(203,837</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">135,804</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>NET INCOME ON MINORITY INTEREST IN SUBSIDIARIES</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">58,655</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(73,681</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>OTHER INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Income from long-term investments</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">183,009</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">63</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Punitive interests</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,625</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">9,462</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Loans recovered and reversals of allowances</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">42,210</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">86,562</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">633,954</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">578,651</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right><font size=2 face="Times New Roman">865,798</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">674,738</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER EXPENSE</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Losses from long-term investments</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,222</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Punitive interests and charges paid to Central Bank of the Argentine Republic</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,618</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Charge for uncollectibility of other receivables and other allowances</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,307,767</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">104,695</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">240,463</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">549,411</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,550,848</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">663,332</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>MONETARY LOSS ON OTHER OPERATIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(390,239</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>NET (LOSS)/GAIN BEFORE INCOME TAX AND TAX ON MINIMUM PRESUMED INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(1,220,471</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">73,529</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>INCOME TAX AND TAX ON MINIMUM PRESUMED INCOME</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,590</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">42,732</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>NET (LOSS)/GAIN FOR THE FISCAL YEAR</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(1,242,061</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,797</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=5></td>
<td width=5></td>
<td width=310></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=5></td>
<td width=97></td>
<td width=97></td>
<td width=5></td> </tr> </table> <p align=center><font size=2 face="Times New Roman">The accompanying notes 1 through 5 to the consolidated financial statements with subsidiaries and the Exhibit 1 are an integral part of these statements, which in
turn are part of the individual Financial Statements of BBVA Banco Franc&#233;s S.A. and are to be read in conjunction therewith.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 66 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS
<br> FOR THE FISCAL YEARS ENDED DECEMBER 31, 2002 AND 2001<br> (ART. 33 OF LAW No. 19,550)</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17<br>
to the financial statements of BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>CHANGES IN CASH FLOWS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash and due from banks at beginning of fiscal year</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,885,168</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,161,741</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">(Decrease)/increase in cash and due from banks</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(842,258</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">723,427</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash and due from banks at end of the fiscal year</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,042,910</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,885,168</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>CHANGES IN FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Financial income collected</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,934,742</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,148,872</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Service charge income collected</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">570,102</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,158,382</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Less:</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Financial expense paid</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,803,358</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,383,324</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Services charge expense paid</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">57,575</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">125,959</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Operating expenses paid</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">652,862</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,222,283</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>FUNDS (USED IN)/PROVIDED BY RECURRING OPERATIONS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(2,008,951</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">575,688</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER SOURCES OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net increase in other liabilities from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,430,077</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">183,048</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in other liabilities</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">61,443</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net decrease in government and private securities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,466,669</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net decrease in loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,277,961</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net decrease in other receivables from financial transactions</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,052,026</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,921,412</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash capital contribution</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">30,973</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other sources of funds</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">458,912</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">667,652</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>TOTAL OF SOURCES OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,249,949</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,300,224</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>USE OF FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in government and private securities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">214,873</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net increase in loans</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,669,759</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net increase in other assets</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">494,562</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">393,775</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Net decrease in deposits</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,716,708</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,406,083</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Net decrease in other liabilities</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">793,877</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cash dividends</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">160,103</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other uses of funds</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">154,228</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">522,765</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="66%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>TOTAL FUNDS USED</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,374,248</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,152,485</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="69%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>MONETARY LOSS GENERATED ON CASH AND DUE FROM BANKS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(709,008</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>(DECREASE)/INCREASE IN FUNDS</b></font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(842,258</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">723,427</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=6></td>
<td width=6></td>
<td width=311></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=5></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table> <p align=center><font size=2 face="Times New Roman">The accompanying notes 1 through to 5 to the consolidated financial statements with subsidiaries and the Exhibit 1 are an integral part of these statements, which
in turn are part of the individual Financial Statements of BBVA Banco Franc&#233;s S.A. and are to be read in conjunction therewith.</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 67 -</font></p> <p align=center> <font size=2 face="Times New Roman"><b>NOTES TO THE CONSOLIDATED FINANCIAL
STATEMENTS<br> WITH SUBSIDIARIES AS OF DECEMBER 31, 2002 AND 2001<br> (ART. 33 OF LAW No. 19,550)</b></font></p> <p align=center> <font size=2 face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note
17<br> to the financial statements of BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center><font size=2 face="Times New Roman">- Stated in thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman"><b>1.</b></font></p> </td>
<td width="95%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman"><b>SIGNIFICANT ACCOUNTING POLICIES AND SUBSIDIARIES</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman"><b>General rule</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman">In accordance with the procedures set forth in BCRA&#146;s regulations and Technical Resolution No. 4 of the Argentine Federation of Professional Councils in
Economic Sciences, BBVA Banco Franc&#233;s S.A. (BF) has consolidated - line by line - its balance sheets as of December 31, 2002 and 2001, and the statements of income and cash flows for the fiscal year ended, as per the following
detail:</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman">As of December 31, 2002:</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="top"> <p><font size=2 face="Times New Roman">a)</font></p> </td>
<td width="88%" valign="bottom"> <p> <font size=2 face="Times New Roman">With the financial statements of Banco Franc&#233;s (Cayman) Ltd. and its subsidiaria, Credilogros C&#237;a. Financiera S.A. and its subsidiary, Franc&#233;s Valores Sociedad
de Bolsa S.A. and Atuel Fideicomisos S.A., for the fiscal year ended December 31, 2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="88%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="88%" valign="bottom"> <p> <font size=2 face="Times New Roman">With the financial statements of Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A., Consolidar C&#237;a. de Seguros de Vida S.A. and its subsidiary and
Consolidar C&#237;a. de Seguros de Retiro S.A. and its subsidiary, for the six-month periods ended December 31, 2002.</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="bottom"> <p> <font size=2 face="Times New Roman">The income of Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A., Consolidar C&#237;a. de Seguros de Vida S.A. and its subsidiary and Consolidar
C&#237;a. de Seguros de Retiro S.A. and its subsidiary, have been adjusted to make the twelve-month fiscal year of the companies being consolidated consistent.</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman">As of December 31, 2001:</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="88%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="88%" valign="bottom"> <p> <font size=2 face="Times New Roman">With the financial statements of Banco Franc&#233;s (Cayman) Ltd. and its subsidiary, BBVA Uruguay S.A. and its subsidiary, Credilogros C&#237;a. Financiera S.A., Franc&#233;s
Valores Sociedad de Bolsa S.A. and Atuel Fideicomisos S.A., for the fiscal year ended December 31, 2001.</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="88%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="top"> <p> <font size=2 face="Times New Roman">b)</font></p> </td>
<td width="88%" valign="bottom"> <p> <font size=2 face="Times New Roman">With the financial statements of Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A., Consolidar C&#237;a. de Seguros de Vida S.A. and its subsidiary and
Consolidar C&#237;a. de Seguros de Retiro S.A. and its subsidiary, for the six-month periods ended December 31, 2001.</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="91%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">The income of Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A., Consolidar C&#237;a. de Seguros de Vida S.A. and its subsidiary and Consolidar
C&#237;a. de Seguros de Retiro S.A. and its subsidiary, have been adjusted to make the twelve-month fiscal year of the companies being consolidated consistent.</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 68 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="90%" colspan="22" valign="bottom"> <p> <font size=2 face="Times New Roman">Interests in subsidiaries as of December 31, 2002 and 2001 are listed below:</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="90%" colspan="22" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="31%" colspan="8" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Shares</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="41%" colspan="11" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Interest percentage in</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="31%" colspan="8" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="41%" colspan="11" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>Type</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="20%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Quantity</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="19%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Total Capital</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="19%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Possible Votes</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="20%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="19%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="19%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="20%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>December 31,</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="41%" colspan="11" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>December 31,</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="20%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="41%" colspan="11" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p> <font size=1 face="Times New Roman"><b>Companies</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Ltd.</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">82,283,621</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">82,283,621</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.0000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.0000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.0000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">100.0000</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">BBVA Uruguay S.A. (1)</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">79,130</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">60.8787</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">60.8787</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Franc&#233;s Valores Soc. de Bolsa S.A.</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,199</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,199</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99.9700</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99.9700</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99.9700</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">99.9700</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Atuel Fideicomisos S.A.</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99,999</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99,999</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99.9999</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99.9999</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99.9999</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">99.9999</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Consolidar A.F.J.P. S.A.</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,899,600</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,899,600</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53.8892</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53.8892</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53.8892</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53.8892</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Vida S.A.</font></div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">197,875</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">197,875</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">65.9582</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">65.9582</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">65.9582</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">65.9582</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Retiro S.A.</font></div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">200,000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">200,000</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">66.6667</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">66.6667</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">66.6667</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">66.6667</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="21%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">Credilogros C&#237;a. Financiera S.A.</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">Common</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">39,700,000</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">39,700,000</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">69.5271</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">69.5271</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">69.5271</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="8%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">69.5271</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=37></td>
<td width=60></td>
<td width=2></td>
<td width=10></td>
<td width=87></td>
<td width=2></td>
<td width=11></td>
<td width=86></td>
<td width=2></td>
<td width=11></td>
<td width=86></td>
<td width=2></td>
<td width=11></td>
<td width=86></td>
<td width=2></td>
<td width=11></td>
<td width=86></td>
<td width=2></td>
<td width=11></td>
<td width=86></td>
<td width=2></td>
<td width=11></td>
<td width=86></td>
<td width=2></td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">(1) On May 13, 2002, this investment was sold to BBVA (see note 2.2. to individual financial statements)</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Assets, liabilities, stockholders&#180; equity and subsidiaries&#180; net income balances as of December 31, 2002 and 2001, are listed below:</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="19%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Assets</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Liabilities</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Stockholders&#146;<br> Equity</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>Net income/gain-<br> (loss)</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center><font size=1 face="Times New Roman"><b>December 31,</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>December 31,</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>December 31,</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>December 31,</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="17%" colspan="5" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=1 face="Times New Roman"><b>Companies</b></font></Div> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="7%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Ltd. and subsidiary</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,317,656</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,271,775</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,078,500</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,009,659</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,239,156</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">262,116</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(745,680</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(89,739</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">BBVA Uruguay S.A. and subsidiary</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,366,958</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,158,338</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">208,620</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,962</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Franc&#233;s Valores Soc. de Bolsa S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,397</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,840</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">344</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,479</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6,053</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,361</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,688</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(633</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Atuel Fideicomisos S.A.</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">703</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,922</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">514</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,634</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">189</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">288</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(97</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">109</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar A.F.J.P. S.A.</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">297,261</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">373,316</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">69,149</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">125,650</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">228,112</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">247,666</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(43,558</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">73,609</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Vida S.A. and subsidiary</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">250,618</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">427,506</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">193,196</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">352,215</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">57,422</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">75,291</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(13,388</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,324</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Retiro S.A. and subsidiary</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">920,465</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">941,353</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">873,888</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">854,818</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">46,577</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">86,536</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(13,058</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">51,637</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="19%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Credilogros C&#237;a. Financiera S.A. and subsidiary</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">103,833</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">328,068</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">61,323</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">183,905</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">42,510</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">144,163</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(101,622</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="6%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,720</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>2.</b></font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>VALUATION METHODS</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman">The financial statements of the subsidiaries have been prepared based on similar methods to those applied by BF for preparing its own financial statements, in
connection with assets and liabilities valuation, income measurement and restatement procedure as explained in note 3 to the financial statements of BF, except for</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center> <font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Banco Franc&#233;s (Cayman) Limited: the financial statements of this subsidiary do not require any adjustment for inflation since they are stated in US dollars. These statements
were converted into Argentine pesos based on the method described in note 3.3.m) to the financial statements of BF.</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p align=center><font size=2 face="Times New Roman">&#149;</font></p> </td>
<td width="91%" valign="top"> <p> <font size=2 face="Times New Roman">Consolidar AFJP S.A.: the intangible assets of this subsidiary were amortized in accordance with the standards of the A.F.J.P.&#146;s Superintendency.</font></p> </td> </tr>
</table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"><b>&#160;</b></font></p> <p align=center> <font size=2 face="Times New Roman">- 69 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman"><b>3.</b></font></p> </td>
<td width="95%" colspan="10" valign="top"> <p> <font size=2 face="Times New Roman"><b>MINORITY INTEREST IN SUBSIDIARIES</b></font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="10" valign="top"> <p> <font size=2 face="Times New Roman">The breakdown of balances in the &#147;Minority interest in subsidiaries&#148; account is as follows:</font></p> </td> </tr>
<tr>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="10" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Consolidar Administradora de Fondos de Jubilaciones y Pensiones S.A.</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">105,183</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">114,198</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Vida S.A.</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">19,415</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">25,629</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Consolidar C&#237;a. de Seguros de Retiro S.A.</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,524</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">28,843</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom"> <p> <font size=2 face="Times New Roman">Credilogros Compa&#241;&#237;a Financiera S.A.</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,675</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">61,188</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Franc&#233;s Valores Sociedad de Bolsa S.A.</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">BBVA Uruguay S.A.</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;,&#151;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">81,615</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" colspan="2" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="66%" colspan="2" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">163,799</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">311,473</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=11></td>
<td width=1></td>
<td width=4></td>
<td width=310></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="4%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>4.</b></font></p> </td>
<td width="95%" colspan="9" valign="top"> <p> <font size=2 face="Times New Roman"><b>RESTRICTIONS ON ASSETS</b></font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p> <font size=2 face="Times New Roman">a)</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p> <font size=2 face="Times New Roman">Franc&#233;s Valores Sociedad de Bolsa S.A. (stockbroking company) holds three shares of Mercado de Valores de Buenos Aires S.A, booked in the amount of 4,200. These
shares have been pledged in favor of &nbsp;&#147;HSBC - La Buenos Aires C&#237;a. Argentina de Seguros S.A.&#148; in security of the contract this insurance company executed with Mercado de Valores de Buenos Aires S.A. to cover the latter&#146;s
guaranteeing any noncompliance of stockbroking companies with their obligations.</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">b)</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p> <font size=2 face="Times New Roman">See note 6 to the financial statements of BBVA Banco Franc&#233;s.</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p> <font size=2 face="Times New Roman"><b>5.</b></font></p> </td>
<td width="95%" colspan="9" valign="top"> <p> <font size=2 face="Times New Roman"><b>BREAKDOWN OF MAIN ITEMS</b></font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="4%" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="91%" colspan="8" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="9" valign="top"> <p> <font size=2 face="Times New Roman">Detailed below are the balances of those accounts that show significant variations in relation to the figures that arise from the financial statements of
BF:</font></p> </td> </tr>
<tr>
<td width="4%" colspan="2" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="95%" colspan="9" valign="top"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" colspan="2" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>GOVERNMENT SECURITIES</b></font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman"><b>Holdings in investment accounts</b></font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Medium &#150; Term Treasury Bonds (BONTE 2002)</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">12,724</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">Argentine Republic External Bills (VEY4D)</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">35,823</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">Federal Government Bonds (LIBOR 2012)</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,751,417</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Treasury bills</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">70,321</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,461</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,188</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,832</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="69%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,882,749</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">56,017</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="69%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>Holdings for trading or financial transactions</b></font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Medium &#150; Term Treasury Bonds (BONTE 2002)</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,835</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">Central Bank of the Argentine Republic bills</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">19,464</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Treasury Bills</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,769</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">USA Treasury Bills</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">46,546</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">Argentine Republic External Bills (VEY4D)</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">446,233</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">USA Treasury Notes</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">139,183</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">154,063</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p> <font size=2 face="Times New Roman">Other</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,567</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">15,665</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="4" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="69%" colspan="3" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman"><b>Total</b></font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">177,818</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="10%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">662,507</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="69%" colspan="3" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="10%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=7></td>
<td width=4></td>
<td width=12></td>
<td width=303></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <font size=2 face="Times New Roman"></font> <p align=center> <font size=2 face="Times New Roman">- 70 -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="72%" colspan="2" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="10%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Unlisted government securities</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Federal Government 9% Bonds (due in 2002)</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">462,771</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Tucum&#225;n Provincial Treasury Bonds</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">47,411</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">106,742</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Tax credit certificates due in 2003/2004</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">92,372</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">101,153</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Brazilian Central Bank Note (NBC-E)</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">25,919</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">10,944</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,276</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Total</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">150,727</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">702,861</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>PRIVATE SECURITIES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>Investments in listed private securities</b></font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Cointel S.A. Corporate Bonds</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,704</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,524</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Acindar S.A. Corporate Bonds</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,440</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,616</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Transener S.A. Corporate Bonds</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,808</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,012</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Pecom S.A. Corporate Bonds</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,127</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,183</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Pecom S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,580</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">CTI Holding Corporate Bonds</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,684</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Telecom S.A.</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,250</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Tenaris S.A. ADR</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,660</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Banco Roberts Trust</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,219</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,189</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Galtrust 1 Financial Trust</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,647</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">8,279</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">24,710</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">33,534</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>Total</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">53,999</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">74,167</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Allowances</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">(41,905</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Total</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,223,388</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,495,552</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER ASSETS</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Premium receivables from insurance companies</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">21,228</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">7,362</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Others related to insurance business</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">713</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">3,826</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman"><b>Total</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">21,941</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,188</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>OTHER LIABILITIES</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Insurance companies, claims in adjustment process</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">378,024</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">520,004</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Insurance companies, mathematical reserve</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">655,226</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">769,124</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Insurance companies, reinsurer reserve</font></Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(208,233</font></p> </td>
<td width="1%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">(499,626</font></p> </td>
<td width="2%" valign="bottom"> <p> <font size=2 face="Times New Roman">)</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Other related to insurance business</font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">223,117</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">371,011</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="8%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="63%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman"><b>Total</b></font></Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,048,134</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="9%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,160,513</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="72%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="9%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p><font size=2 face="Times New Roman"></font></p> <p align=center> <font size=2 face="Times New Roman">- 71 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>Exhibit 1</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>STATEMENT OF DEBTORS&#146; STATUS CONSOLIDATED WITH SUBSIDIARIES AND<br> OTHER ENTITIES IN ARGENTINA AND ABROAD<br> AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2
face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17<br> to the financial statement of BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in
thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="69%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">COMMERCIAL PORTFOLIO</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Normal performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">7,494,027</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">8,993,693</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">20,714</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">225,893</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">843,312</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">5,858,233</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Potential risk</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,440</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">13,900</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">4,966</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">630,846</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">139,456</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Non performing</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">346</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">220</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">3,608</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">48,344</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">342,424</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">68,009</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">With high risk of uncollectibility</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">855</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,450</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">39,812</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">826,755</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">132,840</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Uncollectible</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">654</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">46,059</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">23,595</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">337,314</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">76,555</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Uncollectible, classified as such under regulatory requirements</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="10%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="58%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">10,563,264</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">15,613,056</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width=7></td>
<td width=6></td>
<td width=313></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>
 <p> <font size=2 face="Times New Roman"></font></p> <p align=center><font size=2 face="Times New Roman">- 72 -</font></p> <p align=right> <font size=2 face="Times New Roman"><b>Exhibit 1<br> (Contd.)</b></font></p> <p
align=center> <font size=2 face="Times New Roman"><b>STATEMENT OF DEBTORS&#146; STATUS CONSOLIDATED WITH SUBSIDIARIES AND<br> OTHER ENTITIES IN ARGENTINA AND ABROAD<br> AS OF DECEMBER 31, 2002 AND 2001</b></font></p> <p align=center> <font size=2
face="Times New Roman">(Translation of financial statements originally issued in Spanish &#150; See Note 17<br> to the financial statement of BBVA Banco Franc&#233;s S.A.)</font></p> <p align=center> <font size=2 face="Times New Roman">- Stated in
thousands of pesos -</font></p>
<table align=center border=0 cellspacing=0 cellpadding=0 width="100%">
<tr>
<td width="69%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2002</b></font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="12%" colspan="2" valign="bottom"> <p align=center> <font size=1 face="Times New Roman"><b>2001</b></font></p> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p align=center><font size=2 face="Times New Roman"> &nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">CONSUMER AND HOUSING PORTFOLIO</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Normal performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,465</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">44,187</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">439,624</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">1,493,480</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">469,837</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">2,131,832</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Inadequate performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">57</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">6,890</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">33,377</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,627</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">78,636</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Deficient performance</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">24</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">2,566</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">13,944</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">14,583</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">46,326</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Unlikely to be collected</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">6</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">81</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">9,962</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22,668</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">52,170</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">93,915</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Uncollectible</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">144</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">74</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">28,273</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">36,880</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">66,437</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">80,794</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">Uncollectible, classified as such under regulatory requirements</font></Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right>&nbsp;</p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Preferred collaterals and counter guaranty &#147;A&#148;</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">&#151;&nbsp;&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Other collaterals and counter guaranty &#147;B&#148;</font></Div> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">22</font></p> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom"> <p align=right> <font size=2 face="Times New Roman">98</font></p> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="5%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">&#149;</font></Div> </td>
<td width="63%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Without senior security or counter guaranty</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">703</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,922</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="10%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"> <font size=2 face="Times New Roman">Total</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">1,107,310</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">4,078,295</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=1 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="10%" colspan="2" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="59%" valign="bottom" bgcolor="#cceeff"> <Div style="margin-left:10px;text-indent:-10px"><font size=2 face="Times New Roman">General Total (1)</font></Div> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">11,670,574</font></p> </td>
<td width="2%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="11%" valign="bottom" bgcolor="#cceeff"> <p align=right> <font size=2 face="Times New Roman">19,691,351</font></p> </td>
<td width="1%" valign="bottom" bgcolor="#cceeff"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr>
<td width="69%" colspan="3" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="2%" valign="bottom"> <Div style="margin-left:10px;text-indent:-10px">&nbsp;</Div> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="2%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td>
<td width="1%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="11%" valign="bottom"> <hr size=3 width="100%" noshade color=black> </td>
<td width="1%" valign="bottom"> <p><font size=2 face="Times New Roman">&nbsp;</font></p> </td> </tr>
<tr >
<td width=6></td>
<td width=5></td>
<td width=315></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td>
<td width=97></td>
<td width=97></td>
<td width=2></td> </tr> </table> <br>
<table align=center border=0 cellspacing=0 cellpadding=0 width="90%">
<tr>
<td width="3%" valign="top"> <p><font size=2 face="Times New Roman">(1)</font></p> </td>
<td width="97%" valign="top"> <p><font size=2 face="Times New Roman">Items included:&#160; Loans (before allowances); Other receivables from financial transactions: Unlisted corporate bonds, Other receivables covered by debtor classification
regulations, Interest accrued and pending collection covered by debtor classification regulations; Assets out on financing lease (before allowances); Other receivables: Receivables from sale of goods; Contingent credit-balance memorandum accounts:
Credit lines granted (unused portion) covered by debtor classification regulations, Other guaranties given covered by debtor classification regulations and Other covered by debtor classification regulations.</font></p> </td> </tr> </table> <p><font
size=2 face="Times New Roman">&nbsp;</font></p>
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