EX-8.1 4 dex81.htm SUBSIDIARIES OF THE COMPANY

Subsidiaries of the Company

Exhibit 8.1

Subsidiary		Jurisdiction of Incorporation		Principal Activity
Banco Francés (Cayman) Ltd.		Cayman Islands		Banking services
Atuel Fideicomisos S.A.		Republic of Argentina		Trust services
Francés Valores Sociedad de Bolsa S.A.		Republic of Argentina		Stock exchange brokerage
Credilogros Compañía Financiera S.A.		Republic of Argentina		Financial Institution
Consolidar Cía. de Seguros de Retiro S.A.		Republic of Argentina		Insurance
Consolidar Seguros de Vida S.A.		Republic of Argentina		Insurance
Consolidar AFJP S.A.		Republic of Argentina		Pension and Retirement Fund Administrators
PSA Compañía Financiera S.A.		Republic of Argentina		Financial Institution
Rombo Compañía Financiera S.A.		Republic of Argentina		Financial Institution
Consolidar ART S.A.		Republic of Argentina		Workers Compensation Insurance
BBVA Seguros S.A.		Republic of Argentina		Insurance Company
Assurex S.A.		Republic of Argentina		Insurance Broker