EX-8.1 2 dp29483_ex0801.htm EXHIBIT 8.1
Exhibit 8.1
Subsidiaries of the Company

Subsidiary |  | Jurisdiction of Incorporation |  | Principal Activity
BBVA Francés Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversión |  | Republic of Argentina |  | Mutual funds
BBVA Francés Valores Sociedad de Bolsa S.A. |  | Republic of Argentina |  | Stock exchange brokerage
Consolidar AFJP S.A. (undergoing liquidation proceedings) |  | Republic of Argentina |  | Pension and Retirement Fund Administrators
PSA Finance Argentina Compañía Financiera S.A. |  | Republic of Argentina |  | Financial Institution