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Buenos Aires, August 9, 2013 - BBVA Frances (NYSE: BFR.N; BCBA: FRA.BA;

LATIBEX: BFR.LA) reports consolidated second quarter earnings for fiscal year

2013.

Highlights

• BBVA Francés reached net income of AR$ 255.5 million as of June 30, 2013. Such result includes a loss due to the variation in public bonds valuation jointly with a higher tax charge as a consequence of the sell of bonds. In recurring terms, net income for the period was AR$ 415.9 million, increasing 29.7% and 27.6% compared to the same quarter of 2012 and the previous quarter, respectively.

• In terms of activity, private sector loan portfolio totaled AR$ 31.5 billion, growing 32.7% compared to the same quarter of the previous year. Considering only volumes in pesos, the increase was 39%. Such rise was driven mainly by the expansion in consumer loans as well as the increase of loans to small-and-medium-sized companies.

• As of June 30, 2013, the non-performing loan ratio reached 0.8%, with a coverage level of 240.16%. The effective risk policy implemented allows the Bank to continue being leader in the Argentine Financial System in terms of risk taken.

• Total deposits grew 22.9% in annual terms, totaling AR$ 36.9 billion at the end of the second quarter of 2013, considering only peso-denominated deposits, it grew 27.5% in the same period.

• BBVA Francés maintained high levels of liquidity and solvency. As of June 30, 2013 liquid assets (Cash and due from banks plus BCRA bills and notes) represented 30.5% of the Bank’s total deposits. The capital ratio reached 19.0% of weighted risk assets; with an excess of capital over the (BCRA) minimum regulatory requirements of AR$ 2.2 billion.

• During June 2013, the Argentine Central Bank (BCRA) through its Communication “A” 5449 renewed for the second semester of the year the line of credit for the productive investment, including the possibility that the micro, small and medium size companies could allocate a 20% of the loan to finance working capital related to the productive investment to be made, maintaining the same general conditions of the previous communication; the reference is a minimum amount equal to 5% of private deposits as of May 2013, at an annual interest rate of 15.25% with a minimum term of 36 months.

Other Events

• On July 10, 2013, BBVA Francés and Consultatio signed a sale and purchase agreement, the Bank will acquire 23 of the 33 floors of the building to be constructed by Consultatio, where the “Torre BBVA” will be established. Such real estate project is the biggest project of corporate towers in the country and it is in the framework of the plan designed in 2010 by BBVA Francés of unification of its headquarters, currently distributed in ten buildings of Buenos Aires City. The aim is to have a building that allows the Bank to gather all personnel in the same area with the best constructive standard and the best habitat conditions, reaching a higher efficiency. It is important to point out that the building is projected under environmental and sustainability international standards and in accordance with the compromise of BBVA Group with the protection of the environment. The investment will be approximately AR$ 1.2 billion, and will have a payment timeline related to the progress of the work. The real estate development began construction recently and it considers concluding at the end of 2015. Such building will be on 815 L. Alem Avenue of Buenos Aires City.

• On July 31, 2013, BBVA Francés placed the fourth issuance of its series of Negotiable Obligations, for a total amount of AR$ 250 million, with a high level of demand that exceed considerably the issuance amount.

• During July, the BCRA issued the Communication “A” 5460, which gives broad protection to users of financial institutions and includes among other aspects, the regulations of fees and charges that financial institutions collect for the services given. Consequently, fees and charges should represent a real, direct and demonstrable cost and should have technique and economic justification. Such regulation will be effective on October 1, 2013.

• On July 29, 2013, decree 1023/13 was issued; regulating partially the new Capital Markets’ Law No 26831, the correspondent regulation by the Buenos Aires Securities and Exchange Commission is still pending at this date.

Economic Environment

The economic activity gained momentum in the second quarter of 2013, as the Monthly Estimator of Economic Activity (EMAE for its acronym in Spanish), which is a monthly proxy for quarterly GDP, grew in April and May 1.8% (seasonally adjusted) with respect to the first quarter of 2013 and 8.9% (in the original series) in comparison with the second quarter of 2012. This better tone in economic activity is also reflected in the Monthly Industrial Estimator and in the Synthetic Index of Construction Activity which grew in April-May 1.2% and 1.5% (seasonally adjusted) compared to the previous quarter and 6.0% and 9.8% (in the original series) in comparison to the second quarter of 2012.

Inflation, as measured by the official Consumer Price Index for Greater Buenos Aires (which is used to calculate the CER adjustment for some sovereign bonds) increased by 2.3% in the second quarter of 2013, slightly below the 2.4% growth in the previous quarter, and 10.5% in the last twelve months.

The primary surplus of the national public sector was AR$ 3.1 billion during April and May, a 10% decrease compared to the same months last year.

The increase on primary public sector spending was 34.7% in annual terms, slightly higher than the increase in public sector revenues of 33.0%.

Interest payments increased by 31.4% annually and the total deficit reached AR$ 3.7 billion, a rise of 112.3% in relation to the same months of 2012. The items that contributed most to the increase in primary spending in the period were social security benefits, which grew 34.3%, public works 55.5%, and current expenditures 73.5%. Transfers to private sector showed a growth of only 20.4%. On the revenues side, tax collection increased by 30.1% in the same period.

In the external sector, the accumulated trade surplus in the second quarter of 2013 reached USD 3.6 billion, 12.0% lower than the one recorded in the second quarter of 2012. The performance of the trade balance is the result of total exports in the second quarter of 2013 of USD 23.545 million (-11.4%) and total imports of USD 19.901 million (17.1%).

In the FX market, the exchange rate (BCRA reference rate) closed at AR$ 5.3850 per U.S. dollar on June 28, 2013, increasing 5.13% in comparison with the AR$ 5.1223 registered on March 27, 2013.

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In the second quarter of 2013, the stock of international reserves of the Central Bank decreased by USD 3.4 billion to USD 37 billion on June 28, 2013. During the quarter, the Central Bank bought USD 1.6 billion in the FX market, in opposition to the previous quarter when it sold USD 258 million.

The Badlar interest rate for private banks increased 100 b.p. on the second quarter of 2013, as it averaged 15.9% compared to the 14.9% averaged on the first quarter of 2013.

Private sector loans in pesos decreased 0.2% in the second quarter of 2013 with respect to the first quarter of 2013, while private sector loans in dollars climbed by 1.7%.

Total deposits in pesos in the financial system decreased by 1.6% in the same period, and private sector deposits in pesos grew 10.1%. In contrast, private sector deposits in dollars decreased by 0.2%.

The Bank

BBVA Francés is part of BBVA Group since 17 years ago, a financial global group focused on clients, which work actively to offer a wide range of financial and non-financial products and services.

During the second quarter of 2013 BBVA Francés strengthened its strategy of being always present facing the client’s needs throughout its strategic alliances; principally Lanpass, continuing carry on commercial actions, such as the exchange of kilometers Lanpass for special products, in addition to the exchange for plane tickets already existing, benefits and installments without interest rate.

Besides, the credit cards “River” and “Xeneise”, linked to the sponsorship of the two most important soccer teams in Argentina, which have all the benefits of Bank’ cards and other exclusives, as installment to buy season tickets, discounts for both museums, raffles for the practice’ tickets, stalls for the soccer match and the possibility to take a picture in the field before the match.

Following with the project of developing the high income segment, the Bank added a new VIP space in Belgrano’s branch, opening the fifth space over a total of 25 projected for the year. Such spaces are differentiated sectors, in which the Bank creates an environment of privacy and comfort, which allows a more relaxing interaction between the client and its official, generating a closer and more familiar bond.

The Bank also opened a new attention’ center for companies in downtown, with the aim of optimizing the client attention of the middle and corporate segment, focused mainly in collecting operations.

BBVA Francés continues with its activities in the field of the Social Responsibility, sponsoring the second

meeting of the year 2013, to discuss “The commonwealth economy and civil and social responsibility of companies and NGO”, which was organized in Italy by The Ecumenical Social Forum. On this opportunity the main speaker was Professor Dr. Stefano Zamagni, a prestigious professor of political economy and ex-consultant of the Pontifical Council on Justice and Peace of the Vatican. The meeting was attending by business leaders, public officials and community leaders.

Presentation of Financial Information

• Foreign currency balances as of June 30, 2013 have been translated into pesos at the reference exchange rate published by the BCRA at such date ($ 5.3852/ US$).

• This press release contains unaudited information that consolidates all of the banking activities of BBVA Francés and its subsidiaries on a line-by-line basis. The Bank’s share interest in the Consolidar Group – BBVA Consolidar Seguros S.A. and Consolidar AFJP (in liquidation)-, is shown as Investments in other companies (recorded by the equity method) and the corresponding results are included in Income from Equity Investments.

• Information contained in this press release may differ from the information published by the BBVA Group for Argentina, which is prepared according to Spanish accounting standards for all BBVA Group affiliates.

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Financial Information

Condensed Income Statement (1)

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except income per share, ADS and perce		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Net Financial Income			960,412				1,101,246				916,735				–12.8	%			4.8	%
Provision for loan losses			(114,533	)			(94,100	)			(18,434	)			21.7	%			521.3	%
Net income from services			607,768				544,674				437,969				11.6	%			38.8	%
Administrative expenses			(938,454	)			(912,529	)			(720,297	)			2.8	%			30.3	%
Operating income			515,193				639,291				615,973				–19.4	%			–16.4	%
Income (Loss) from equity investments			25,396				13,891				17,524				82.8	%			44.9	%
Income (Loss) from Minority interest			(13,725	)			(12,476	)			(9,601	)			10.0	%			43.0	%
Other Income/Expenses			(4,062	)			(15,989	)			(82,885	)			–74.6	%			–95.1	%
Income tax and Minimum Presumed Tax			(267,339	)			(280,565	)			(210,158	)			–4.7	%			27.2	%
Net income for the period			255,463				344,152				330,853				–25.8	%			–22.8	%
Net income per share (2)			0.48				0.64				0.62				–25.8	%			–22.8	%
Net income per ADS (3)			1.43				1.92				1.85				–25.8	%			–22.8	%

(1) Exchange rate: AR$ 5,3852 Ps = 1 USD

(2) Assumes 536,877,850 ordinary shares

(3) Each ADS represents three ordinary shares

As of June 30, 2013, BBVA Francés reached a net income of AR$ 255.5 million. Such result includes a loss of AR$ 139.8 million for the variation in public bonds valuations and the higher effective income tax rate due to the sell of part of the portfolio of Bonar XIV.

In recurring terms, net income for the period totaled AR$ 415.9 million.

The following “pro forma” table presents the non-recurring earnings.

Condensed Income Statement PROFORMA

    06/30/13

in thousands of pesos		Recurring results				Non recurring Income				Total results
Net Financial Income			1,100,175				(139,763	)			960,412
Provision for loan losses			(114,533	)			—				(114,533	)
Net income from services			607,768				—				607,768
Administrative expenses			(938,454	)			—				(938,454	)
Operating income			654,956				(139,763	)			515,193
Income (loss) from equity investments			25,396				—				25,396
Income (Loss) from Minority interest			(13,725	)			—				(13,725	)
Other Income/Expenses			(4,062	)			—				(4,062	)
Income tax and Minimum Presumed Tax			(246,694	)			20,645				(267,339	)
Net income for the period			415,871				(119,117	)			255,463

In order to standardize the comparison with previous quarters, the analysis of the variations is made in terms of recurring results.

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Condensed Income Statement PROFORMA

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
in thousands of pesos		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Net Financial Income			1,100,175				1,052,189				909,165				4.6	%			21.0	%
Provision for loan losses			(114,533	)			(94,100	)			(18,434	)			21.7	%			521.3	%
Net income from services			607,768				544,674				437,969				11.6	%			38.8	%
Administrative expenses			(938,454	)			(912,529	)			(720,297	)			2.8	%			30.3	%
Operating income			654,956				590,234				608,403				11.0	%			7.7	%
Income (Loss) from equity investments			25,396				13,891				17,524				82.8	%			44.9	%
Income (Loss) from Minority interest			(13,725	)			(12,476	)			(9,601	)			10.0	%			43.0	%
Other Income/Expenses			(4,062	)			(15,989	)			(82,885	)			–74.6	%			–95.1	%
Income tax and Minimum Presumed Tax			(246,694	)			(249,652	)			(212,741	)			–1.2	%			16.0	%
Net income for the period			415,871				326,008				320,700				27.6	%			29.7	%

BBVA Francés reached a recurring gain at the end of June 2013 of AR$ 415.9 million, exceeding 29.7% and 27.6% the net income for the quarters ending on June 30, 2012 and March 31, 2013, respectively.

Net financial income grew 21.0% compared to the same quarter of 2012 and 4.6% compared to the previous quarter.

Provision for loan losses registered an increase, both compared to the same quarter a year ago and to the previous quarter. It is important to mention that as of June 30, 2012 the Bank made an adjustment to cyclical provisions, in accordance with the Bank’s internal provisioning policy, resulting in a decrease of the charge. The rise related to the previous quarter is mainly due to the increase in non-performing loans, and a higher volume of lending.

Net income from services increased 38.8% and 11.6% compared to the quarters ended on June 30, 2012 and March 31, 2013, respectively.

Administrative expenses grew 30.3% compared to the same quarter of 2012, while it maintained a similar level than in the previous quarter.

Other/income expenses registered a loss of AR$ 4.1 million during the quarter, it is important to mention that the figures of the second quarter of 2012 included charges on provisions for other contingencies, the impact of the new salary agreement signed with the labor union over unused vacation days and the adjustment of seniority bonus awards.

Main figures

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Return on Average Assets (1)			2.1	%			3.0	%			3.3	%			–29.3	%			–35.9	%
Return on Average Shareholders’ Equity			18.2	%			26.0	%			31.0	%			–29.7	%			–41.1	%
Net fee Income as a % of Recurrent Operating Income			35.6	%			34.1	%			32.5	%			4.3	%			9.5	%
Net fee Income as a % of Administrative Expenses			64.8	%			59.7	%			60.8	%			8.5	%			6.5	%
Adm. Expenses as a % of Recurrent Operating Income (2)			54.9	%			57.1	%			53.5	%			-3.8	%			2.8	%

(1) Annualized.

(2) Adm.Expenses / (Net financial income + Net income from services)

The book value version of the income statement is considered in the line item analysis.

Net Financial Income

Net financial income originated in the intermediation with the private sector, has supported the increase of the net interest margin, based mainly on an efficient asset price management, a good mix of liabilities and a higher volume of lending. Such incomes grew 37.3% compared to the same quarter of 2012 and 8.5% compared to the previous quarter.

Income from securities and short term investments includes non-recurring income originated by

variations in the valuation of public securities. Such results totaled a loss of AR$ 139.8 million during the quarter and gains of AR$ 7.6 and of AR$ 49.1 million compared to the quarters ended on June 30, 2012 and March 31, 2013, respectively.

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Net financial income

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Net financial income			960,412				1,101,246				916,735				–12.8	%			4.8	%
Net income from financial intermediation			819,274				755,158				596,770				8.5	%			37.3	%
CER adjustment			28,106				38,774				33,110				–27.5	%			–15.1	%
Income from securities and short term investments			–28,307				175,669				158,648				–116.1	%			–117.8	%
Interest on Government guaranteed loans			432				2,200				1,598				–80.4	%			–73.0	%
Foreign exchange difference			82,857				55,674				49,746				48.8	%			66.6	%
Others			58,050				73,771				76,863				–21.3	%			–24.5	%

Income from Public and Private Securities

The Bank has the discretion to mark-to-market its total public bonds portfolio; because of that, such

income includes the unrealized losses/gains from variations in the valuations of the portfolio.

Income from securities and short-term investments

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Income from securities and short-term investments			–28,307				175,669				158,648				–116.1	%			–117.8	%
Holdings booked at fair value			(116,603	)			97,804				56,160				–219.2	%			–307.6	%
Bills and Notes from the Central Bank			92,888				77,584				105,724				19.7	%			–12.1	%
Other fixed income securities			(4,593	)			280				(3,236	)			–1739.4	%			41.9	%
CER adjustment			28,127				38,809				33,152				–27.5	%			–15.2	%

Net Income from Services

Net income form services raised 38.8% compared to the same quarter a year ago, mainly due to higher consumption with credit cards and an increase in fees originated by PSA Finance, partially offset by the higher fees paid for promotions, especially those related to the Lanpass program.

Similar behavior showed the performance of fees compared to the previous quarter.

Net income from services

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Net income from services			607,768				544,674				437,969				11.6	%			38.8	%
Service charge income			816,289				743,348				593,947				9.8	%			37.4	%
Service charges on deposits accounts			168,936				158,522				141,596				6.6	%			19.3	%
Credit cards and operations			307,562				270,456				213,034				13.7	%			44.4	%
Insurance			79,554				75,231				62,160				5.7	%			28.0	%
Capital markets and securities activities			15,126				21,188				4,906				–28.6	%			208.3	%
Fees related to foreign trade			21,022				20,153				18,108				4.3	%			16.1	%
Other fees			224,089				197,797				154,142				13.3	%			45.4	%
Services Charge expense			(208,520	)			(198,674	)			(155,978	)			5.0	%			33.7	%

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Administrative Expenses

Administrative expenses reflected an increase of 30.3% compared to the second quarter of 2012 and 2.8% compared to the previous quarter.

Compared to the same quarter of 2012 personnel expenses grew 29.3%, reflecting mainly the salary increase and a higher number of employees.

Meanwhile, general expenses grew 31.7% in the same period, mainly because of higher taxes consequence of the increase in the activity volume and a change in proportional tax rates, an increase in advertisement expenses, such as the sponsorship of

River Plate since July 2012 and the effects of price rises and a change in the edge.

In the last three months, personnel expenses grew 5.2%, whereas general expenses remained stable.

As of June 30, 2013, the Bank and its subsidiaries had 5,177 employees. The branch office network totaled 273 offices, including 244 consumer branch offices and 29 branch offices specializing in the middle-market segment. Corporate banking included 7 business units grouped by industry. Complementing its distribution network, the Bank has 11 in-company branches and 2 point of sale outlets, 654 ATM’s and 701 quick deposit boxes (“QDBs”).

Administrative expenses

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30 -13				03-31-13				06-30 -12				03-31-13				06-30-12
Administrative expenses			(938,454	)			(912,529	)			(720,297	)			2.8	%			30.3	%
Personnel expenses			(547,346	)			(520,289	)			(423,336	)			5.2	%			29.3	%
Electricity and Communications			(17,857	)			(19,066	)			(14,981	)			–6.3	%			19.2	%
Advertising and Promotion			(36,859	)			(46,867	)			(28,444	)			–21.4	%			29.6	%
Honoraries			(14,069	)			(14,301	)			(10,794	)			–1.6	%			30.3	%
Taxes			(69,794	)			(76,137	)			(56,888	)			–8.3	%			22.7	%
Organization and development expenses			(11,989	)			(11,273	)			(9,623	)			6.4	%			24.6	%
Amortizations			(24,213	)			(22,701	)			(19,503	)			6.7	%			24.2	%
Other			(216,327	)			(201,895	)			(156,728	)			7.1	%			38.0	%

Other Income / Expenses

Other income/expenses totaled a loss of AR$ 4.1 million during the second quarter of 2013. As previously mentioned during the quarter ended June 30, 2012 a loss was registered, originated by the provisions for other contingencies, the impact of the new salary agreement signed with the labor union over unused vacation days and the adjustment of seniority bonus awards.

Income from Equity Investments

Income from equity investments sets forth net income from related companies that are not consolidated. During the second quarter of 2013, a gain of AR$ 25.4 million was recorded, mainly due to the sale of Consolidar ART and BBVA Francés’ stake in Rombo Compañía Financiera.

Balance and activity

Total Public Sector Exposure

Exposure to the public sector’s National treasury decreased compared to the same quarter of 2012 and to the previous quarter, mainly due to the sale of part of the portfolio.

The Bank’s portfolio of BCRA bills and notes also registered a decreased during the period under analysis, mainly due to the liquidity management implemented, in order to maximize profitability.

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As of June 30, 2013, public sector National treasure assets represented 3.0% of the Bank’s total assets. Total exposure to BCRA’s bills and notes net of holdings linked to reverse repo transactions, represented 4.6% of the Bank’s total assets.

Total exposure to the public sector includes public debt of the National treasury through public securities, guaranteed loans and trust, as well as the BCRA’s bills and notes.

Exposure to the Public Sector

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Public Sector - National Government			1,496,825				1,894,425				1,973,906				–21.0	%			–24.2	%
Public Sector Loans			74,850				39,314				32,021				90.4	%			133.8	%
Total bond portfolio			1,248,874				1,679,129				1,769,283				–25.6	%			–29.4	%
Holdings book at fair value			1,208,677				1,647,321				1,744,902				–26.6	%			–30.7	%
Holdings book at amortized cost			164				164				164				0.0	%			0.0	%
Other government bonds			40,033				31,644				24,217				26.5	%			65.3	%
Trustees			173,292				176,173				172,788				–1.6	%			0.3	%
Allowances			(191	)			(191	)			(186	)			0.0	%			2.7	%
Bills and Notes from Central Bank			3,149,269				2,641,160				3,994,977				19.2	%			–21.2	%
Own portfolio			2,242,356				1,777,436				3,594,504				26.2	%			–37.6	%
Reverse repo w /Central Bank			(906,913	)			(863,724	)			(400,473	)			5.0	%			126.5	%
Total exposure to the Public Sector			4,646,094				4,535,585				5,968,883				2.4	%			–22.2	%
Total exposure to the Public Sector without repos			3,739,181				3,671,861				5,568,410				1.8	%			–32.9	%

Loan Portfolio

As of June 30, 2013 the private sector loan portfolio totaled AR$ 31.5 billion, growing 32.7% in the last twelve months and 5.5% during the quarter.

Compared to the same quarter of 2012, the growth was AR$ 7.8 billion, 55% corresponded to higher finances for consumption, 25% to loans for small and medium size companies and 19% to finance large corporations.

In the retail segment, the increase in credit cards, personal loans and car loans drove such expansion.

In the commercial segment, the small and medium size companies increased its portfolio mainly due to the rise in discounted documents, leasing and commercial loans, whereas finances to large corporations were supported by the increase in advances and other loans.

Compared to the previous quarter, the retail segment portfolio registered a similar behavior than the previous quarter, while commercial loans showed a decrease in advances.

Net loans

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Private & Financial sector loans			31,507,786				29,876,637				23,738,521				5.5	%			32.7	%
Advances			6,126,895				6,402,371				3,933,575				–4.3	%			55.8	%
Discounted and purchased notes			4,249,685				4,041,005				3,540,496				5.2	%			20.0	%
Consumer Mortgages			1,008,506				908,456				705,128				11.0	%			43.0	%
Car secured loans			3,027,994				2,710,364				1,964,630				11.7	%			54.1	%
Personal loans			5,380,992				5,019,563				4,177,846				7.2	%			28.8	%
Credit cards			5,459,976				4,888,590				3,773,470				11.7	%			44.7	%
Loans to financial sector			1,299,317				1,183,685				1,122,126				9.8	%			15.8	%
Other loans			4,984,929				4,689,035				4,536,017				6.3	%			9.9	%
Unaccrued interest			(76,992	)			(76,318	)			(55,622	)			0.9	%			38.4	%
Adjustment and accrued interest & exchange differences receivable			665,375				680,557				503,844				–2.2	%			32.1	%
Less: Allowance for loan losses			(618,891	)			(570,671	)			(462,989	)			8.4	%			33.7	%
Loans to public sector			74,850				39,314				32,021				90.4	%			133.8	%
Loans to public sector			45,692				11,556				8,571				295.4	%			433.1	%
Adjustment and accrued interest & exchange differences receivable			29,158				27,758				23,450				5.0	%			24.3	%
Net total loans			31,582,636				29,915,951				23,770,542				5.6	%			32.9	%

- 8 -

Asset Quality

The BBVA Francés’ effective risk policy has allowed it to continue being leader in terms of asset quality, despite a slight deterioration in the ratios.

As of June 30, 2013, the asset quality ratio (non-performing loans/total loans) was 0.8%, while the coverage ratio (provisions/non-performing loans) reached 240.16%.

Compared to both, the same quarter of 2012 and to the previous quarter, the higher ratio is due to a rise of non- performing loans as well as an increase in the performing portfolio.

Asset quality ratios

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Non-performing loans (1)			257,698				222,118				172,369				16.0	%			49.5	%
Allowance for loan losses			(618,891	)			(570,671	)			(462,989	)			8.4	%			33.7	%
Non-performing loans/net total loans			0.80	%			0.73	%			0.71	%			9.8	%			12.5	%
Non-performing private loans/net private loans			0.80	%			0.73	%			0.71	%			10.0	%			12.6	%
Allowance for loan losses/non-performing loans			240.16	%			256.92	%			268.60	%			–6.5	%			–10.6	%
Allowance for loan losses/net total loans			1.92	%			2.47	%			1.91	%			–22.3	%			0.6	%

(1) Non-performing loans include: all loans to borrowers classified as “Problem”, “Deficient Servicing”, “High Insolvency Risk”, “Difficult Recovery”, “Irrecoverable” and “Irrecoverable for Technical Decision” according to the new Central Bank debtor classification system.

The following table shows the evolution of provisions for loan losses, including charges relating to

transactions recorded under “Other receivables” from financial intermediation.

Evolution of provisions

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Balance at the beginning of the quarter			574,476				527,307				483,098				8.9	%			18.9	%
Increase / decrease			114,533				94,100				18,434				21.7	%			521.3	%
Provision increase / decrease - Exchange rate difference			1,185				1,221				1,400				–2.9	%			15.4	%
Decrease			(67,152	)			(48,152	)			(36,409	)			39.5	%			84.4	%
Balance at the end of the quarter			623,042				574,476				466,523				8.5	%			33.6	%

Deposits

Total deposits reached AR$ 36.9 billion as of June 30, 2013, showing an increase of 22.9% and 5.6% compared to the same quarter of 2012 and to the previous quarter, respectively.

In annual terms, both time deposits as well as sight accounts registered growth, increasing 32.1% and 18.1%, respectively.

It is noteworthy that in the last twelve months; peso-denominated deposits grew 27.6%; with a better

performance for time deposits, which grew 36.6%, whereas sight accounts grew 22.1%.

Deposits denominated in foreign currency registered a decrease of 10.5% compared to the last twelve months and remained at the same level compared to the previous quarter. By the end of June 30, 2013 deposits denominated in foreign currency reached AR$ 3.3 billion (equivalent to US$ 0.6 billion), representing 8.8% of the Bank’s total deposits.

Compared to the previous quarter, total deposits grew 5.6%, growing a 5.8% sight accounts and 4.9% current accounts.

- 9 -

Total deposits

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Total deposits			36,900,771				34,949,582				30,017,872				5.6	%			22.9	%
Current accounts			9,768,880				9,809,736				8,369,667				–0.4	%			16.7	%
Peso denominated			9,763,908				9,805,344				8,366,575				–0.4	%			16.7	%
Foreign currency			4,972				4,392				3,092				13.2	%			60.8	%
Saving accounts			10,900,303				9,732,679				9,136,299				12.0	%			19.3	%
Peso denominated			8,887,041				7,782,496				6,912,868				14.2	%			28.6	%
Foreign currency			2,013,262				1,950,183				2,223,431				3.2	%			–9.5	%
Time deposits			15,507,405				14,779,514				11,736,105				4.9	%			32.1	%
Peso denominated			14,405,877				13,651,935				10,548,663				5.5	%			36.6	%
CER adjusted time deposits			907				814				1,052				11.4	%			–13.8	%
Foreign currency			1,100,621				1,126,765				1,186,390				–2.3	%			–7.2	%
Investment Accounts			5,420				6,454				143,864				–16.0	%			–96.2	%
Peso denominated			5,420				6,454				143,864				–16.0	%			–96.2	%
Other			718,763				621,199				631,937				15.7	%			13.7	%
Peso denominated			569,896				468,865				392,538				21.5	%			45.2	%
Foreign currency			148,867				152,334				239,399				–2.3	%			–37.8	%
Rescheduled deposits + CEDROS (*)			20,341				23,384				31,665				–13.0	%			–35.8	%
Peso denominated			20,341				23,384				31,665				–13.0	%			–35.8	%
Total deposits + Rescheduled deposits & CEDROS			36,921,112				34,972,966				30,049,537				5.6	%			22.9	%

(*) In August 2005, the payments of rescheduled deposits were finalized, only those deposits that have a pending court case remain outstanding.

Other Funding Sources

Other funding sources totaled AR$ 1.2 billion as of June 30, 2013, decreasing 19.7% compared to the same quarter of 2012 and growing 15.3% compared to the previous quarter.

In the last twelve months, negotiable obligations were issued by the Bank and by PSA Finance, on the other hand some series matured. Besides dollar funding decreased.

From April to June lines from other banks grew 31.7% while senior bonds maintained the same level. Of the total senior bonds, AR$ 385.1 million correspond to those issued by PSA Finance and the rest to the second issuance of BBVA Francés for AR$ 148.9 million.

9.1% of the balances shown in the table below were denominated in foreign-currency at the end of the second quarter of 2013.

Other funding sources

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Lines from other banks			664,020				504,698				866,984				31.6	%			–23.4	%
Senior Bonds			533,967				533,967				624,093				0.0	%			–14.4	%
Total other funding sources			1,197,987				1,038,665				1,491,077				15.3	%			–19.7	%

Capitalization

By the end of the second quarter of 2013, the Bank’s total shareholder’s equity totaled AR$ 5.7 billion,

while the excess over BCRA Minimum Capital Requirements was AR$ 2.1 billion. On the same date, the capital ratio reached 19.0% of assets adjusted to risk.

- 10 -

Capitalization

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Capital Stock			536,878				536,878				536,878				0.0	%			0.0	%
Issuance premiums			182,511				182,511				182,511				0.0	%			0.0	%
Adjustments to stockholders equity			312,979				312,979				312,979				0.0	%			0.0	%
Subtotal			1,032,368				1,032,368				1,032,368				0.0	%			0.0	%
Reserves on Profits			4,099,568				2,835,889				2,835,889				44.6	%			44.6	%
Unappropriated retained earnings			599,615				1,607,831				571,371				–62.7	%			4.9	%
Total stockholders’ equity			5,731,551				5,476,088				4,439,628				4.7	%			29.1	%

Central Bank Requirements

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Central Bank Minimum Capital Requirements			3,765,368				3,762,464				2,873,914				0.1	%			31.0	%
Central Bank Minimum Capital Requirements (a, b)			3,655,086				3,655,086				2,776,111				0.0	%			31.7	%
Market Risk			—				—				—				—				—
Increase in capital requirements related to custody			110,282				107,378				97,803				2.7	%			12.8	%
a) Central Bank Minimum Capital Requirements			3,350,519				3,273,457				2,776,111				2.4	%			20.7	%
Allocated to Asset at Risk			2,553,222				2,509,619				1,859,838				1.7	%			37.3	%
DCR (derivative conterparter risk)			9,131				9,726				143,766				–6.1	%			–93.6	%
Allocated to Immobilized Assets			—				—				328,323				—				–100.0	%
Interest Rate Risk			—				—				69,790				—				–100.0	%
Loans to Public Sector and Securities in Investment			—				—				70,563				—				–100.0	%
Market Risk			26,073				35,970				303,831				–27.5	%			–91.4	%
Operational Risk			762,093				718,142				—				6.1	%			—
b) Minimum capital required for Pension Funds (AFJPs) to act as securities custodian and registrar of mortgage notes			441,128				429,511				400,000				2.7	%			10.3	%
5% of the securities in custody and book-entry notes			441,128				429,511				400,000				2.7	%			10.3	%
Bank Capital Calculated under Central Bank Rules			5,895,100				5,569,825				4,514,101				5.8	%			30.6	%
Ordinary Capital Level 1			5,658,932				5,353,653				—				5.7	%			—
Dedusctions Ordinary Capital Level 1			(124,578	)			(125,613	)			—				–0.8	%			—
Capital Level 2			360,746				341,785				—				5.5	%			—
Core Capital			—				—				3,868,256				—				–100.0	%
Minority Interest			—				—				205,899				—				–100.0	%
Supplemental Capital			—				—				542,754				—				–100.0	%
Deductions			—				—				(102,808	)			—				–100.0	%
Excess over Required Capital			2,129,732				1,807,361				1,640,187				17.8	%			29.8	%
Capital Ratio (Central Bank rules)			19.0	%			18.3	%			17.7	%			4.0	%			7.7	%
Excess over Required Capital as a % of Shareholders’ Equity			37.2	%			33.0	%			36.9	%			12.6	%			0.6	%

Additional Information

		Quarter ended												D% quarter ended 06/30/13 vs quarter ended
(in thousands of pesos except percentages)		06-30-13				03-31-13				06-30-12				03-31-13				06-30-12
Exchange rate			5.39				5.12				4.53				5.1	%			19.0	%
Quarterly CER adjustment			2.12	%			2.78	%			2.59	%			–23.9	%			–18.2	%

- 11 -

This press release contains or may contain certain forward-looking statements within the meaning of the United States Securities Litigation Reform Act of 1995, including, among other things, concerning the prospects of the Argentine economy, BBVA Francés’ earnings, business plans, cost-reduction plans, and capitalization plan, and trends affecting BBVA Francés’ financial condition or results of operations. Any forward-looking statements included in this press release are based on current expectations and estimates, but actual results and events may differ materially from anticipated future results and events. Certain factors which could cause the actual results and events to differ materially from the expected results or events include: (1) changes in domestic or international stock market prices, exchange rates or interest rates; (2) macroeconomic, regulatory, political or governmental changes; (3) changes in the markets for BBVA Francés’ products and services; (4) increased competition; (5) changes in technology; or (6) changes in the financial condition, creditworthiness or solvency of the customers, debtors or counterparties of BBVA Francés. Additional factors that could cause the actual results or events to differ materially from the expected results or events are described in the reports filed by BBVA Francés with the United States Securities and Exchange Commission (“SEC”), including, but not limited to, BBVA Francés’ annual report on Form 20-F and exhibits thereto. BBVA Francés does not undertake to revise or update any of the information contained herein under any circumstances, including if at any moment following dissemination of such information it is no longer accurate or complete.

Conference Call

A conference call to discuss second quarter earnings will be held on Monday, August 12, 2013, at 10:00 AM New York time – 11.00 AM Buenos Aires time. If you are interested in participating, please dial (888)-203-1112 within the U.S. or +1 719-457-0820 outside the U.S. at least 5 minutes prior to our conference. Confirmation code: 1033752.

Internet

This press release is also available at BBVA Francés web site: www.bbvafrances.com.ar

Contacts

Vanesa Bories

Investor Relations

(5411) 4346-4000 int. 11622

vbories@bbva.com

Cecilia Acuña

Investor Relations

(5411) 4341-5036

ceciliaviviana.acuna@bbva.com

Paula Bennati

Investor Relations

(5411) 4348-0000 int. 25917

paula.bennati@bbva.com

- 12 -

BBVA Banco Francés S.A. and subsidiaries (Grupo Consolidar: by the equity method)

BALANCE SHEET (in thousands of pesos)

		06-30-13				03-31-13				12-31-12				06-30-12
Cash and due from banks			8,092,656				7,575,577				8,614,801				6,363,409
Government and Private Securities			4,415,878				4,317,366				4,056,904				5,760,412
Holdings booked at fair value			1,229,597				1,647,321				1,829,927				1,744,902
Holdings booked at amortized cost			164				164				164				164
Reverse repo w/Central Bank							—				—				—
Listed Private Securities			37,039				28,912				25,325				20,555
Bills and Notes from the Central Bank			3,149,269				2,641,160				2,201,676				3,994,977
Less: Allowances			(191	)			(191	)			(188	)			(186	)
Loans			31,582,636				29,915,951				28,467,198				23,770,542
Loans to the private & financial sector			31,507,786				29,876,637				28,432,131				23,738,521
Advances			6,126,895				6,402,371				5,097,179				3,933,575
Discounted and purchased notes			4,249,685				4,041,005				4,240,993				3,540,496
Secured with mortgages			1,008,506				908,456				877,775				705,128
Car secured loans			3,027,994				2,710,364				2,479,398				1,964,630
Personal loans			5,380,992				5,019,563				4,772,798				4,177,846
Credit cards			5,459,976				4,888,590				4,729,243				3,773,470
Loans to financial sector			1,299,317				1,183,685				1,263,224				1,122,126
Other loans			4,984,929				4,689,035				4,921,690				4,536,017
Less: Unaccrued interest			(76,992	)			(76,318	)			(73,413	)			(55,622	)
Plus: Interest & FX differences receivable			665,375				680,557				647,101				503,844
Less: Allowance for loan losses			(618,891	)			(570,671	)			(523,857	)			(462,989	)
Public Sector loans			74,850				39,314				35,067				32,021
Principal			45,692				11,556				8,956				8,571
Plus: Interest & FX differences receivable			29,158				27,758				26,111				23,450
Other banking receivables			1,880,738				1,241,745				700,925				1,161,129
Repurchase agreements			954,628				371,392				—				400,769
Unlisted private securities			2,994				2,732				15,973				3,663
Unlisted Private securities: Trustees			—				—				—				—
Other banking receivables			927,267				871,426				688,402				760,231
Less: provisions			(4,151	)			(3,805	)			(3,450	)			(3,534	)
Investments in other companies			184,971				168,887				154,974				126,097
Intangible assets			113,708				112,033				117,331				95,619
Organization and development charges			113,708				112,033				177,331				95,619
Other assets			2,985,422				2,710,394				2,575,343				2,211,690
Total Assets			49,256,009				46,041,953				44,687,476				39,488,898
Deposits			36,921,112				34,972,966				34,165,358				30,049,537
Current accounts			9,768,880				9,809,736				10,157,141				8,369,667
Saving accounts			10,900,303				9,732,679				9,803,893				9,136,299
Time deposits			15,507,405				14,779,514				13,555,151				11,736,105
Investment Accounts			5,420				6,454				6,929				143,864
Rescheduled deposits CEDROS			20,341				23,384				28,523				31,665
Other deposits			718,763				621,199				613,721				631,937
Other banking Liabilities			4,516,463				3,275,616				3,285,123				3,483,361
Other provisions			604,264				577,224				558,605				489,715
Other contingencies			603,606				576,739				558,125				489,248
Guarantees			658				485				480				467
Other liabilities			1,346,114				1,617,280				1,436,150				935,564
Minority interest			136,505				122,779				110,304				91,093
Total Liabilities			43,524,458				40,565,865				39,555,540				35,049,270
Total Stockholders’ equity			5,731,551				5,476,088				5,131,936				4,439,628
Total liabilities + stockholders’ equity			49,256,009				46,041,953				44,687,476				39,488,898

- 13 -

BBVA Banco Francés S.A. and subsidiaries (Grupo Consolidar: by the equity method)

INCOME STATEMENT (in thousands of pesos)

		06-30-13				03-31-13				12-31-12				06-30-12
Financial income			1,663,920				1,739,415				1,549,630				1,360,177
Interest on Cash and Due from Banks			—				54				—				—
Interest on Loans Granted to the Financial Sector			72,097				69,421				66,921				59,534
Interest on Overdraft			282,638				260,372				225,872				149,897
Interest on Discounted and purchased notes			169,667				164,617				159,626				114,702
Interest on Mortgages			37,215				35,731				32,655				28,404
Interest on Car Secured Loans			140,853				129,754				120,125				95,012
Interest on Credit Card Loans			232,856				198,617				177,725				156,795
Interest on Financial Leases			56,477				49,812				44,490				38,740
Interest on Other Loans			519,844				474,708				459,841				388,472
From Other Banking receivables			9,644				9,288				9,467				8,297
Interest on Government Guaranteed Loans Decree 1387/01			432				2,200				1,969				1,598
Income from Securities and Short Term Investments			(28,307	)			175,669				127,312				158,648
Net Income from options			—				—				—				(766	)
CER			28,127				38,809				34,189				33,152
Foreign exchange difference			82,857				55,674				43,793				49,746
Other			59,520				74,689				45,645				77,946
Financial expenses			(703,508	)			(638,169	)			(582,978	)			(443,442	)
Interest on Current Account Deposits			—				—				—				—
Interest on Saving Account Deposits			(3,445	)			(3,154	)			(3,019	)			(2,661	)
Interest on Time Deposits			(510,314	)			(461,108	)			(426,816	)			(321,882	)
Interest on Other Banking Liabilities			(56,917	)			(52,900	)			(49,824	)			(38,221	)
Other interests (includes Central Bank)			(1,563	)			(1,415	)			(1,238	)			(490	)
CER			(21	)			(35	)			(34	)			(42	)
Bank Deposit Guarantee Insurance system mandatory contributions			(15,279	)			(14,661	)			(13,745	)			(13,003	)
Mandatory contributions and taxes on interest income			(114,499	)			(103,978	)			(87,722	)			(66,826	)
Other			(1,470	)			(918	)			(580	)			(317	)
Net financial income			960,412				1,101,246				966,652				916,735
Provision for loan losses			(114,533	)			(94,100	)			(100,226	)			(18,434	)
Income from services, net of other operating expenses			607,768				544,674				516,632				437,969
Administrative expenses			(938,454	)			(912,529	)			(861,310	)			(720,297	)
Income (loss) from equity investments			25,396				13,891				12,056				17,524
Net Other income			(4,062	)			(15,989	)			(51,456	)			(82,885	)
Income (loss) from minority interest			(13,725	)			(12,476	)			(11,644	)			(9,601	)
Income before tax			522,802				624,717				470,704				541,011
Income tax			(267,339	)			(280,565	)			(195,770	)			(210,158	)
Net income			255,463				344,152				274,934				330,853

- 14 -

BBVA Banco Francés S.A. and subsidiaries (Grupo Consolidar consolidated on a line by line basis)

		06-30-13				03-31-13				12-31-12				06-30-12
Cash and due from banks			8,092,724				7,576,492				8,614,889				6,363,464
Government Securities			4,426,562				4,350,836				4,101,846				5,800,575
Loans			31,590,757				29,948,613				28,493,431				23,812,541
Other Banking Receivables			1,880,738				1,241,745				700,925				1,161,129
Assets Subject to Financial Leasing			1,360,471				1,211,138				1,110,234				913,071
Investments in other companies			177,267				160,825				146,001				115,722
Other assets			1,780,109				1,650,922				1,617,253				1,426,097
Total Assets			49,308,628				46,140,571				44,784,579				39,592,599
Deposits			36,875,963				34,972,873				34,165,053				30,049,449
Other banking liabilities			4,516,463				3,276,442				3,285,123				3,484,725
Minority interest			143,097				129,677				117,981				99,970
Other liabilities			2,041,554				2,285,491				2,084,486				1,518,827
Total Liabilities			43,577,077				40,664,483				39,652,643				35,152,971
Total Stockholders’ Equity			5,731,551				5,476,088				5,131,936				4,439,628
Stockholders’ Equity + Liabilities			49,308,628				46,140,571				44,784,579				39,592,599

Net Income

		06-30-13				03-31-13				12-31-12				06-30-12
Net Financial Income			962,793				1,104,045				969,424				919,984
Provision for loan losses			(114,533	)			(94,100	)			(100,226	)			(18,434	)
Net Income from Services			607,768				544,674				516,632				437,969
Administrative expenses			(941,719	)			(920,158	)			(867,385	)			(726,522	)
Net Other Income			22,186				2,213				(37,446	)			(63,472	)
Income Before Tax			536,495				636,674				480,999				549,525
Income Tax			(267,613	)			(280,825	)			(195,821	)			(209,631	)
Net income			268,882				355,849				285,178				339,894
Minoritary Interest			(13,419	)			(11,697	)			(10,244	)			(9,041	)
Net income for Quarter			255,463				344,152				274,934				330,853

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