<SEC-DOCUMENT>0001292814-21-002423.txt : 20210526
<SEC-HEADER>0001292814-21-002423.hdr.sgml : 20210526
<ACCEPTANCE-DATETIME>20210526170538
ACCESSION NUMBER:		0001292814-21-002423
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210331
FILED AS OF DATE:		20210526
DATE AS OF CHANGE:		20210526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Banco BBVA Argentina S.A.
		CENTRAL INDEX KEY:			0000913059
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12568
		FILM NUMBER:		21967274

	BUSINESS ADDRESS:	
		STREET 1:		AV. CORDOBA 111
		CITY:			C1054AAA BUENOS AIRES
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		2127595576

	MAIL ADDRESS:	
		STREET 1:		AV. CORDOBA 111
		CITY:			C1054AAA BUENOS AIRES
		STATE:			C1
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BBVA BANCO FRANCES SA
		DATE OF NAME CHANGE:	20001219

	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>bbarpr1q21_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 3.5pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Report of Foreign Issuer</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Rule 13a-16 or 15d-16</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the month of May 2021</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 001-12568</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>BBVA Argentina Bank S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of registrant&#8217;s name into English)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 11.65pt 0 0; text-align: center"><B>111 C&oacute;rdoba Av, C1054AAA
</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Buenos Aires, Argentina</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">Form 20-F</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD>
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">Form 40-F</FONT></TD>
    <TD STYLE="width: 14%">
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  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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):</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
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    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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):</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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:</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 29%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">Yes</FONT></TD>
    <TD STYLE="width: 14%">
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    <TD STYLE="width: 15%; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 28%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 12pt">No</FONT></TD>
    <TD STYLE="width: 14%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">X</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If &#8220;Yes&#8221; is marked, indicate below the
file number assigned to the registrant in connection with Rule 12g3-2(b): <U>N/A</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Banco BBVA Argentina S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 13%">
    <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1pt solid"><B>Item</B></P></TD>
    <TD STYLE="width: 87%; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1.</FONT></TD>
    <TD STYLE="font: 12pt Comic Sans MS, Cursive; layout-grid-mode: line"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Banco BBVA Argentina S.A. reports consolidated first quarter earnings for fiscal year 2021.</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 18pt BBVABentonSansLight; text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>






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<P STYLE="font: 18pt BBVABentonSansLight; color: #072146; margin: 0 7.1pt 0 0; text-align: center"><B>Banco BBVA Argentina S.A. announces
</B></P>

<P STYLE="font: 18pt BBVABentonSansLight; color: #072146; margin: 0 7.1pt 0 0; text-align: center"><B>First Quarter 2021 results</B></P>

<P STYLE="font: 9pt/107% Calibri, Helvetica, Sans-Serif; color: #072146; margin: 18pt 7.1pt 12pt 0; text-align: justify"><FONT STYLE="font-family: BBVABentonSansLight"><B>Buenos
Aires, May 26, 2021</B></FONT> <FONT STYLE="font-family: BBVABentonSans">&ndash; Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX:
XBBAR) (&ldquo;BBVA Argentina&rdquo; or &ldquo;BBVA&rdquo; or &ldquo;the Bank&rdquo;) announced today its consolidated results for the
first quarter (1Q21), ended on March 31, 2021. </FONT></P>

<P STYLE="font: 9pt/107% BBVABentonSans; color: #072146; margin: 6pt 7.1pt 18pt 0; text-align: justify">As of January 1, 2020, the Bank
started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters
of 2020 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to
March 31, 2021.</P>

<P STYLE="font: bold 14pt/107% BBVABentonSansLight; color: #072146; margin: 18pt 16.75pt 12pt 0; text-align: center">1Q21 Highlights</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans; color: #121212">BBVA Argentina&rsquo;s
inflation adjusted net income in 1Q21 was $3.0 billion, 50.8% greater than the $2.0 billion reported in the first quarter of 2020 (1Q20).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #121212"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans">In 1Q21, BBVA Argentina posted an inflation
adjusted average return on assets (ROAA) of 1.6% and an inflation adjusted average return on equity (ROAE) of 10.5%.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans; color: #121212">In terms of activity,
total consolidated financing to the private sector in 1Q21 totaled $296.8 billion, contracting in real terms 9.5% compared to the fourth
quarter of 2020 (4Q20), and 7.7% compared to 1Q20. In the quarter, contraction was driven by the fall in credit cards, other loans and
overdrafts by 7.5%, 16.1% and 32.9% respectively. BBVA&rsquo;s consolidated market share of private sector loans was 8.23% as of 1Q21.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #121212"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans">Total consolidated deposits in 1Q21 totaled
$507.8 billion, contracting 6.0% in real terms during the quarter, and expanding 8.5% in the year. The quarterly contraction is mainly
explained by sight deposits, especially checking accounts in pesos, which fell 19.0%. The Bank&rsquo;s consolidated market share of private
deposits was 6.90% as of 1Q21.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #121212"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans">As of 1Q21, the non-performing loan ratio
(NPL) reached 1.72%, with a 275.22% coverage ratio.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #121212"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans">The accumulated efficiency ratio in 1Q21
was 72.5%, above 1Q20&rsquo;s 59.3%.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #121212"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans">As of 1Q21, BBVA Argentina reached a
regulatory capital ratio of 22.4%, entailing a $69.2 billion or 173.3% excess over minimum regulatory requirement. Tier I ratio was 21.7%.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 6pt; color: #121212"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify; padding-right: 2.25pt"><FONT STYLE="font-family: BBVABentonSans">Total liquid assets represented 72.0%
of the Bank&rsquo;s total deposits as of 1Q21.</FONT></TD></TR></TABLE>

<P STYLE="font: bold 14pt BBVABentonSansLight; margin: 12pt 16.75pt 12pt 0; color: #072146; text-align: center">Message from the CFO</P>

<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>&ldquo;Despite some incipient signs of economic
recovery, uncertainties remain in regards to the resolution of negotiations of the National Government with the IMF and the economic plan
linked to the results of such arrangements. The evolution of the pandemic, the additional measures that may be taken by the Government
and the next mid-term elections, further complicate the current situation.</I></P>

<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>In this context, resilience of the financial
sector is critical to be able to adequately and safely provide banking products and services to society. BBVA Argentina has proven this
adaptive capacity, through a modern branch network, and an efficient and safe operating scheme from a sanitary point of view, as our retail
and wholesale clients continue to adopt the use of digital channels to access to our products and services.</I></P>

<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>The digital transformation carried out during
the last years has brought out a satisfactory feedback from our clients, and we are convinced this is the correct path to take. To continue
investing in technology will enable the improvement in customer service, while becoming more efficient in our daily banking operation.
As a whole, we long to and we must continue this digital transformation process as a leverage to positively differentiate from our peers
and new players in the financial business.</I></P>

<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>In line with this, the digitalization of our
offer has evolved in such way that as of the end of March 2021, the penetration of our digital clients reached 73% from 68% the prior
year, while that of mobile clients reached 62% from 56% a year before.</I></P>


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<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>BBVA Argentina continues to keep a solid balance
sheet. With respect to its loan portfolio credit performance, the Bank reached an NPL ratio of 1.72% as of March 2021. Concerning its
liquidity and solvency indicators, the Bank ends the quarter with ratios of 72.0% and 22.4% respectively, which would enable the growth
of business that could come along a potential economic recovery.</I></P>

<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>Meanwhile, the Bank closely monitors its business,
financial conditions and operating results, in the aim of anticipating possible effects of the gradual removal of regulation implemented
by the Government during the pandemic, especially over asset quality and profitability ratios.</I></P>

<P STYLE="font: 9pt/107% BBVABentonSans; margin: 6pt 2.25pt 6pt 0; text-align: justify"><I>In terms of responsible banking, BBVA Argentina
keeps working towards its sustainability model, supporting responsible business actions regarding inclusion, financial education and environmental
protection, as part of its compromise with the country.&rdquo;</I></P>

<P STYLE="font: 10pt/107% BBVABentonSansLight; margin: 6pt 2.25pt 6pt 0; text-align: right; color: #121212"><B><I>Ernesto R. Gallardo,
CFO de BBVA Argentina</I></B></P>

<P STYLE="font: 12pt BBVABentonSansLight; margin: 6pt 2.25pt 3pt 14.2pt; text-align: center; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: 12pt BBVABentonSansLight; margin: 6pt 0 3pt; text-align: center; color: #072146"><B>1Q21 Conference Call</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 3pt; text-align: center; color: #121212">Thursday, May 27, 12:00 p.m. Buenos Aires time
&ndash; (11:00 a.m. EST)</P>

<P STYLE="font: 10pt BBVABentonSansLight; margin: 0 0 3pt; text-align: center; color: #072146"><B>To participate, please dial in:</B></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 3pt; text-align: center; color: #121212">+ 54-11-3984-5677 (Argentina)</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 3pt; text-align: center; color: #121212">+ 1-844-450-3851 (United States)</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 0 3pt; text-align: center; color: #121212">+ 1-412-317-6373 (International)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center"><FONT STYLE="font-family: BBVABentonSansLight; color: #072146"><B>Web
Phone:</B></FONT> <FONT STYLE="font-family: BBVABentonSans">click here</FONT></P>

<P STYLE="font: bold 10pt Cambria, Times, Serif; color: #072146; margin: 0 0 3pt; text-align: center"><FONT STYLE="font-family: BBVABentonSansLight">Conference
ID:</FONT> <FONT STYLE="font-family: BBVABentonSans; font-weight: normal; text-transform: uppercase">BBVA</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center"><FONT STYLE="font-family: BBVABentonSansLight; color: #072146"><B>Webcast
&amp; Replay:</B></FONT> <FONT STYLE="font-family: BBVABentonSans">click here</FONT></P>


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<P STYLE="font: 14pt BBVABentonSansLight; margin: 0; color: #072146"><B>&nbsp;</B></P>

<P STYLE="font: bold 12pt BBVABentonSansLight; color: #072146; margin: 0 16.75pt 6pt 0; text-align: left">Safe Harbor Statement</P>

<P STYLE="font: 8pt BBVABentonSans; margin: 6pt 0; text-align: justify"><FONT STYLE="font-weight: normal"><I>This press release contains
certain forward-looking statements that reflect the current views and/or expectations of Banco BBVA Argentina and its management with
respect to its performance, business and future events. We use words such as &ldquo;believe,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;plan,&rdquo;
&ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;target,&rdquo; &ldquo;estimate,&rdquo; &ldquo;project,&rdquo; &ldquo;predict,&rdquo;
&ldquo;forecast,&rdquo; &ldquo;guideline,&rdquo; &ldquo;seek,&rdquo; &ldquo;future,&rdquo; &ldquo;should&rdquo; and other similar expressions
to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number
of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions expressed in this release. Actual results, performance or events may
differ materially from those in such statements due to, without limitation, (i) changes in general economic, financial, business, political,
legal, social or other conditions in Argentina or elsewhere in Latin America or changes in either developed or emerging markets, (ii)
changes in regional, national and international business and economic conditions, including inflation, (iii) changes in interest rates
and the cost of deposits, which may, among other things, affect margins, (iv) unanticipated increases in financing or other costs or the
inability to obtain additional debt or equity financing on attractive terms, which may limit our ability to fund existing operations and
to finance new activities, (v) changes in government regulation, including tax and banking regulations, (vi) changes in the policies of
Argentine authorities, (vii) adverse legal or regulatory disputes or proceedings, (viii) competition in banking and financial services,
(ix) changes in the financial condition, creditworthiness or solvency of the customers, debtors or counterparties of Banco BBVA Argentina,
(x) increase in the allowances for loan losses, (xi) technological changes or an inability to implement new technologies, (xii) changes
in consumer spending and saving habits, (xiii) the ability to implement our business strategy and (xiv) fluctuations in the exchange rate
of the Peso. The matters discussed herein may also be affected by risks and uncertainties described from time to time in Banco BBVA Argentina&rsquo;s
filings with the U.S. Securities and Exchange Commission (SEC) and Comisi&oacute;n Nacional de Valores (CNV). Readers are cautioned not
to place undue reliance on forward-looking statements, which speak only as the date of this document. Banco BBVA Argentina is under no
obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.</I></FONT></P>

<P STYLE="font: bold 12pt BBVABentonSansLight; color: #072146; margin: 6pt 16.75pt 6pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: bold 12pt BBVABentonSansLight; color: #072146; margin: 6pt 16.75pt 6pt 0; text-align: left">Information</P>

<P STYLE="font: 8pt BBVABentonSans; margin: 4pt 2.25pt 4pt 0; text-align: justify"><I>This earnings release has been prepared in accordance
with the accounting framework established by the Central Bank of Argentina (&ldquo;BCRA&rdquo;), based on International Financial Reporting
Standards (&ldquo;I.F.R.S.&rdquo;) and the resolutions adopted by the International Accounting Standards Board (&ldquo;I.A.S.B&rdquo;)
and by the Federaci&oacute;n Argentina de Consejos Profesionales de Ciencias Econ&oacute;micas (&ldquo;F.A.C.P.E.&rdquo;), with the transitory
exceptions: (i) the record of a prevision for contingencies referred to uncertain fiscal positions required by the BCRA, (ii) the adjustment
in valuation established by the B.C.R.A. applied to the valuation of the remaining investment the Bank keeps of Prisma Medios de Pago
S.A. (&ldquo;Prisma&rdquo;), and (iii) the temporary exclusion of the application of the IFRS 9 impairment model for non-financial public
sector debt instruments.</I></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 4pt 2.25pt 4pt 0; text-align: justify"><I>As of 1Q20, the Bank started to inform its inflation
adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2020 have been updated according
to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to March 31, 2021.</I></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 4pt 2.25pt 4pt 0; text-align: justify"><I>The information in this press release contains unaudited
financial information that consolidates, line item by line item, all of the banking activities of BBVA Argentina, including: BBVA Asset
Management Argentina S.A., Consolidar AFJP-undergoing liquidation proceeding, and as of July 1, 2019, PSA Finance Argentina Compa&ntilde;&iacute;a
Financiera S.A. (&ldquo;PSA&rdquo;) and Volkswagen Financial Services Compa&ntilde;&iacute;a Financiera S.A (&ldquo;VWFS&rdquo;).</I></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 4pt 2.25pt 4pt 0; text-align: justify"><I>BBVA Consolidar Seguros S.A. is disclosed on a consolidated
basis recorded as Investments in associates (reported under the proportional consolidation method), and the corresponding results are
reported as &ldquo;Income from associates&rdquo;), same as Rombo Compa&ntilde;&iacute;a Financiera S.A. (&ldquo;Rombo&rdquo;), Play Digital
S.A. and Interbanking S.A.</I></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 4pt 2.25pt 4pt 0; text-align: justify"><I>Financial statements of subsidiaries have been elaborated
as of the same dates and periods as Banco BBVA Argentina S.A.&rsquo;s. In the case of consolidated companies PSA and VWFS, financial statements
were prepared considering the B.C.R.A. accounting framework for institutions belonging to &ldquo;Group C&rdquo;, without considering the
model established by the IFRS 9 5.5. &ldquo;Impairment&rdquo; section for periods starting as of January 1, 2022.</I></P>

<P STYLE="font: 8pt BBVABentonSans; margin: 4pt 2.25pt 4pt 0; text-align: justify"><I>The information published by the BBVA Group for
Argentina is prepared according to IFRS, without considering the temporary exceptions established by BCRA.<BR STYLE="clear: both">
</I></P>


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<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 12pt 2.55pt 12pt 0">Quarterly Results</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left">Income Statement</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ except EPS and ADS - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt; width: 10%">QoQ</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: #043263; border-top-width: 1pt">Net Interest Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">21,548</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">22,057</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">23,453</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;(2.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(8.1%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net Fee Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,355</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,163</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,676</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">6.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;25.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net income from measurement of financial instruments at fair value through P&amp;L</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,600</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,692</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,411</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(65.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">13.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Net income from write-down of assets at amortized cost and at fair value through OCI</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(33)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">(165)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(1,045)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">80.0%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">96.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Foreign exchange and gold gains</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;896</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,212</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,765</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(26.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(49.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,547</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,177</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,482</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(28.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loan loss allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(1,914)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4,152)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(2,316)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">53.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">17.4%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Net operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">26,999</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">28,984</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">27,426</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(6.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(1.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Personnel benefits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(5,840)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(5,487)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6,333)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;7.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Adminsitrative expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(5,332)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(5,467)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(5,121)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Depreciation and amortization</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(1,069)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1,225)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1,174)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">12.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;8.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(4,648)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6,873)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4,439)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">32.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.7%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Operating income</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">10,111</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;9,932</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">10,360</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">1.8%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(2.4%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from associates</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(29)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">27</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">39</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(209.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(174.6%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from net monetary position</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(7,551)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(7,718)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(5,345)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(41.3%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Net income before income tax&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,531</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,241</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,055</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;12.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(49.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income tax</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;437</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1,919)</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(3,088)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;122.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;114.1%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Income for the period</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,967</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;322</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,967</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;50.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #E7E6E6; font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #E7E6E6; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #E7E6E6; font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Other comprehensive income (1)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">(255)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">(301)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,213</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;15.2%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(107.9%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total comprehensive income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,712</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,180</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(47.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;Number of common shares outstanding (in thousands)&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #D9D9D9 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; background-color: #F2F2F2">&nbsp;612,710</TD>
    <TD STYLE="border-right: #E9E9E9 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;612,710</TD>
    <TD STYLE="border-right: #E9E9E9 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: #E9E9E9; border-left-width: 0.5pt">&nbsp;612,684</TD>
    <TD STYLE="border-right: #E9E9E9 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: #E9E9E9; border-left-width: 0.5pt">&nbsp;&nbsp;0.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;Weighted average number of common&nbsp;&nbsp;shares outstanding (2)(3)&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: #F2F2F2">&nbsp;612,710</TD>
    <TD STYLE="border-right: #E9E9E9 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;612,710</TD>
    <TD STYLE="border-right: #E9E9E9 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: #E9E9E9; border-left-width: 0.5pt">&nbsp;612,684</TD>
    <TD STYLE="border-right: #E9E9E9 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: #E9E9E9; border-left-width: 0.5pt">&nbsp;&nbsp;0.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 8.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 8.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 8.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 8.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 8.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 8.5pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">&nbsp;Earnings per Share (EPS)&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">4.91</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">0.72</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">3.14</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: #BDBDBD 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: #BDBDBD; border-left-width: 0.5pt">56.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;Earnings per&nbsp;&nbsp;ADS (5)&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;14.73</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">2.15</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">9.43</TD>
    <TD STYLE="border-right: #BDBDBD 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #BDBDBD; border-left-width: 0.5pt">56.2%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left">(1) Net of Income Tax</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left">(2) In thousands of shares</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: left">(3) A On October 9, 2019, the CNV issued Resolution No. 20484/2019 concerning the merger of BBVA Franc&eacute;s Valores S.A. into the Bank. As such, the Bank was authorized to issue 50,441 ordinary shares, with a nominal value of $ 1 and entitling to one (1) vote each for to be delivered to BBVA Franc&eacute;s Valores S.A.&rsquo;s minority shareholders. The merger and the ensuing capital stock increase are still in the process of being registered with the Argentine Supervisory Board of Companies (IGJ).</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: left">(4) Excludes consolidation with VWFS y PSA.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: left">(5) One ADS represents three ordinary shares</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify">BBVA Argentina 1Q21 net income was $3.0 billion,
growing 821.6% or $2.6 billion quarter-over-quarter (QoQ), and 50.8% or $1.0 billion year-over-year (YoY). Quarterly results are mainly
explained by (i) an adequate operating cost management, (ii) the reduction in loan loss allowances, (iii) the recovery of a provision
recorded in 2017 in the frame of the legal action filed by the Bank to declare unconstitutionality of the provisions that prevented the
application of inflation adjustment for the 2016 fiscal period, recorded in the <I>income tax</I> line, and (iv) the negative impact of
inflation during the quarter.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify">The 821.6% quarterly variation is mainly affected
by (i) the adjustments in the valuation of Prisma introduced retroactively in the 4Q20 results, in the line <I>net income from measurement
of financial instruments at fair value through P&amp;</I>L, which were required by the BCRA subsequent to the announcement of the 4Q20
financial statements and (ii) retroactive application of modifications on exposure of monetary results stated in Communication &ldquo;A&rdquo;
7211, for the financial statements ended on December 31, 2020 (Communication &ldquo;A&rdquo; 7222).</P>


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<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">&nbsp;</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Net Interest Income</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Net Interest Income</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Net Interest Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">21,548</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">22,057</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">23,453</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;(2.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(8.1%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Interest Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">36,705</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">36,171</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">35,109</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">1.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">4.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">From government securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;9,771</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,377</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,913</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(5.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;9.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">From private securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">23</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">12.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Interest from loans and other financing</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">17,716</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">17,629</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,501</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;0.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(17.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Financial Sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;145</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;229</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;497</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(36.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(70.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Overdrafts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,786</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,070</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;3,585</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(13.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(50.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Discounted Instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,737</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,845</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;3,626</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(24.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Mortgage loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;316</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;333</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;452</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(5.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(30.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Pledge loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,012</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;962</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;850</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;5.3%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">19.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Consumer Loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,579</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,637</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,868</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(2.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(10.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Credit Cards</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;5,309</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4,555</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;6,584</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">16.6%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(19.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Financial leases</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;172</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;171</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;160</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;0.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;8.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;198</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;290</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;446</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(31.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(55.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;3,461</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;3,538</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,433</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(2.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">42.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Premiums on REPO transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,118</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,268</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,041</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(4.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;199.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">CER/UVA clause adjustment</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6,075</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,808</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,454</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">26.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">75.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other interest income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">67</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;198</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(97.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(99.2%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Interest expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">15,157</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">14,114</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,656</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">7.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;30.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">13,926</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,935</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;9,616</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;7.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">44.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Checking accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,830</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,716</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;319</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;6.6%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;473.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Savings accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">96</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">81</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">18.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(0.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits and Investment accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;12,000</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;11,138</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;9,201</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;7.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">30.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other liabilities from financial transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;188</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;368</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,344</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(49.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(86.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Interfinancial loans received</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;479</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;441</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;395</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;8.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">21.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">CER/UVA clause adjustment</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;564</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;297</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;291</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">90.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">93.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">73</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(99.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(97.9%)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Net interest income for 1Q21
was $21.5 billion, decreasing 2.3% or $509 million QoQ, and 8.1% or $1.9 billion YoY. In 1Q21, the greater interest income does not make
up for the increase in interest expenses, mainly due to the regulation in active and passive rates, to greater expenses generated by time
deposits, and to a lesser extent, by UVA-linked time deposits, derived from a boost in quarterly inflation.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">1Q21 interest income totaled
$36.7 billion, 1.5% greater than 4Q20, and 4.5% above 1Q20. Quarterly increase is mainly explained by a 16.6% increment in interest income
from credit cards, and a 26.4% growth in income from CER/UVA adjustments, the latter boosted by income from public securities linked to
such indexes. This increase was partially offset by a 5.8% fall in the <I>income from government securities</I> line item, as the effective
rate from interests gained through central bank liquidity bills (LELIQ) did not compensate the quarterly inflation rate, additional to
a 13.7% fall in <I>overdrafts</I>.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Income from <I>government securities</I>
fell 5.8% QoQ and increased 9.6% YoY. Explanations are mentioned in the previous paragraph, related to the lower inflation-adjusted yield
of securities included in this line. 91% of these results are explained by government securities at fair value through Other Comprehensive
Income (OCI), mainly LELIQ, and 9% by securities at amortized cost (2022 National Treasury Bonds at fixed rate, used for reserve requirement
integration).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Interest income <I>from loans
and other financing</I> totaled $17.7 billion, growing 0.5% QoQ. This is mainly explained by a 16.6% increase in credit cards, and a 5.3%
increase in pledge loans. The increment was offset by a fall in <I>other loa</I>ns by 2.2% (which include part of the productive investment
credit lines implemented by the BCRA through Communications &ldquo;A&rdquo; 7140 and &ldquo;A&rdquo; 7240, which conditions establish
maximum limits on active rates of such products), in <I>overdrafts</I> by 13.7% and in <I>discounted instruments</I> by 3.8%, the latter
driven by lower commercial activity.</P>


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<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Income from CER/UVA adjustments
was 26.4% and 75.9% higher QoQ and YoY respectively, mainly explained by the acceleration of inflation during the first quarter of 2021
(13.0%<FONT STYLE="font-size: 10pt"><SUP>1</SUP></FONT> in 1Q21 versus 11.3% in 4Q20) and an increment in the position and valuation
of CER-linked securities.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Interest expenses totaled $15.2
billion, 7.4% higher than 4Q20 and 30.0% above 1Q20. Quarterly increase is the consequence of growth in expenses from <I>time deposits
and investment accounts</I> derived from a greater volume in these products<FONT STYLE="line-height: 107%">, and to a lesser extent, of
greater expenses by UVA/CER adjustments from time deposits linked to these indexes, due to an acceleration in inflation.</FONT></P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Interest expenses from time
deposits and investment accounts explain 79.2% of total interest expenses, versus 78.9% in the previous quarter. Interests from time deposits
grew 7.7% QoQ and 30.4% YoY.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">NIM</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 0 2.55pt 12pt 0; text-align: justify; color: #121212">As of 1Q21, total net interest
margin (NIM) was 19.2%, above the 18.2% recorded on 4Q20 and lower than 1Q20&rsquo;s 20.9%.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Assets &amp; Liabilities Performance - Total</TD>
    <TD COLSPAN="9" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">BBVA ARG Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; text-align: left">In millions of AR$. Rates and spreads in annualized %</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">1Q21</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">4Q20</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">1Q20</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; border-left: #043263 1pt solid; text-align: right; width: 37%">&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Total interest-earning assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">454,658</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;36,706</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;32.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">480,302</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;36,168</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;29.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">449,196</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;35,110</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;31.4%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">169,447</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;15,978</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;38.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">168,876</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;15,701</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;36.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">121,625</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;10,191</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;33.6%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans to customers/financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">277,992</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;20,728</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;30.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">301,751</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;20,463</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;26.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">322,174</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;24,918</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;31.0%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">7,219</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">9,675</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">5,397</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.1%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total non interest-earning assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">234,387</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">222,323</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">261,353</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="background-color: #DDEBF7">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total Assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">689,045</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;36,706</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;21.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">702,626</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;36,168</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;20.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">710,550</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;35,110</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;19.8%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total interest-bearing liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">356,611</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;15,156</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;17.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">330,176</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;14,112</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;17.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">345,227</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;11,655</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;13.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Sight deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">191,761</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,926</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">4.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; background-color: white">163,548</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,797</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">4.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; background-color: white">190,670</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;415</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">0.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits and investment accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">155,696</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;12,799</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;33.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; background-color: white">153,249</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;11,654</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;30.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; background-color: white">133,136</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;9,763</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;29.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities issued</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">1,009</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;114</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;45.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; background-color: white">2,937</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;305</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;41.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; background-color: white">&nbsp;10,530</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,303</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;49.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">8,145</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;317</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;15.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">&nbsp;10,442</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;356</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;13.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">&nbsp;10,891</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;174</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">6.4%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-interest-bearing liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">332,434</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right">372,450</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right">365,323</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DDEBF7">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total liabilities and equity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">689,045</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;15,156</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">702,626</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;14,112</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">710,550</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;11,655</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">6.6%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; border-left: #D0CECE 1pt solid">NIM - Total</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;&nbsp;19.2%</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;&nbsp;18.2%</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-right: #D0CECE 1pt solid; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;&nbsp;20.9%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-left: #D0CECE 1pt solid; border-top-color: #D0CECE; border-top-width: 1pt">Spread - Total</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;&nbsp;15.5%</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;&nbsp;12.9%</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;&nbsp;17.8%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic">Nominal rates are calculated over a 365-day year</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; text-align: left">Does not include Net income from measurement of financial instruments at fair value through P&amp;L nor Net income from write-down of assets at amortized cost and at fair value through OCI</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic">Sight deposits include savings accounts and interest-bearing checking accounts</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 12pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Assets &amp; Liabilities Performance - AR$</TD>
    <TD COLSPAN="9" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">BBVA ARG Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; text-align: left">In millions of AR$. Rates and spreads in annualized %</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">1Q21</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">4Q20</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">1Q20</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; border-left: #043263 1pt solid; text-align: right; width: 37%">&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Total interest-earning assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">420,045</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;36,311</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">35.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">442,162</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;35,663</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">32.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">377,033</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;34,125</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">36.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">169,443</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;15,978</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">168,876</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;15,701</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">36.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">111,654</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;9,992</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">35.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans to customers/financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">248,900</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;20,333</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">33.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">269,129</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;19,959</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">262,017</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;24,133</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">36.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">1,702</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">4,157</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;3</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">3,362</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.0%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total non interest-earning assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">113,219</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">115,995</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">139,578</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">0.0%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DDEBF7">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total Assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">533,264</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;36,311</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">558,158</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;35,663</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">516,612</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;34,125</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total interest-bearing liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">246,236</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;15,109</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">24.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">231,473</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;14,078</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">24.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">209,582</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;11,527</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">22.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Savings accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">100,138</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;1,924</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">7.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;82,306</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;1,795</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">8.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;82,210</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;413</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">2.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">139,457</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;12,785</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">37.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">137,032</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;11,627</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">33.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">107,489</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;9,678</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">36.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities issued</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">1,009</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;114</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">45.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">2,937</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;305</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">41.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;10,530</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,303</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">49.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">5,632</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;286</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">20.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">9,198</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;351</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">15.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">9,353</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;133</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">5.7%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-interest-bearing liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">287,980</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">327,925</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">315,400</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">0.0%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DDEBF7">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total liabilities and equity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">534,215</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;15,109</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">11.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">559,398</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;14,078</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">524,981</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;11,527</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.8%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; border-left: #D0CECE 1pt solid">NIM - AR$</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;&nbsp;20.5%</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;&nbsp;19.4%</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-right: #D0CECE 1pt solid; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;&nbsp;24.0%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-left: #D0CECE 1pt solid; border-top-color: #D0CECE; border-top-width: 1pt">Spread - AR$</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;&nbsp;10.2%</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">7.9%</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;&nbsp;14.2%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; vertical-align: middle">Nominal rates are calculated over a 365-day year</TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; vertical-align: middle; text-align: left">Does not include Net income from measurement of financial instruments at fair value through P&amp;L nor Net income from write-down of assets at amortized cost and at fair value through OCI</TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; vertical-align: middle">Sight deposits include savings accounts and interest-bearing checking accounts</TD></TR>
  </TABLE>
<P>&nbsp;</P>

<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 8pt BBVABentonSans; margin: 0"><B><I><SUP>1</SUP></I></B><I> Source: Instituto Nacional de Estad&iacute;stica y Censos
(INDEC) &ndash; Consumer price index as of March 2021.</I></P>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Assets &amp; Liabilities Performance - Foreign Currency</TD>
    <TD COLSPAN="9" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">BBVA ARG Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; text-align: left">In millions of AR$. Rates and spreads in annualized %</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">1Q21</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">4Q20</TD>
    <TD COLSPAN="3" STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: white 0.5pt solid; text-align: center">1Q20</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; border-left: #043263 1pt solid; text-align: right; width: 37%">&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 8%">Average Balance</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; width: 7%">Interest Earned/Paid</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; width: 6%">Average Real Rate</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Total interest-earning assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;34,613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;395</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">4.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;38,140</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;505</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">5.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;72,163</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;985</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">5.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">4</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;-&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">9,971</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;199</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans to customers/financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;29,092</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;395</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">5.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;32,622</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;504</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">6.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;60,157</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;785</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">5.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">5,517</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">5,518</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">2,035</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.2%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total non interest-earning assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">121,168</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">106,328</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">121,775</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DDEBF7">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total Assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">155,781</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;395</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">1.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">144,468</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;505</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">1.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">193,938</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;985</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">2.0%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total interest-bearing liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">110,375</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">47</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;98,703</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">34</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">135,645</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;128</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Savings accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;91,623</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;2</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;81,242</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;2</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">108,460</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;2</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits and Investment accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;16,239</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">14</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;16,217</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;25,647</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">85</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">1.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">2,513</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">5.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">1,244</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;5</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">1.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">1,538</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">41</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;10.7%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-interest-bearing liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;44,454</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;44,525</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;49,923</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DDEBF7">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total liabilities and equity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">154,830</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">47</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">143,228</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">34</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">185,569</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;128</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.3%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; border-left: #D0CECE 1pt solid">NIM - Foreign currency</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">4.1%</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right">4.9%</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: #D0CECE 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-right: #D0CECE 1pt solid; border-bottom: #D0CECE 1pt solid; text-align: right">4.8%</TD></TR>
  <TR STYLE="background-color: #D0CECE">
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-left: #D0CECE 1pt solid; border-top-color: #D0CECE; border-top-width: 1pt">Spread - Foreign currency</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">4.5%</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">5.1%</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: middle; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-top-color: #D0CECE; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: #D0CECE 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: #D0CECE 1pt solid; text-align: right; border-top-color: #D0CECE; border-top-width: 1pt">5.1%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; vertical-align: middle">Nominal rates are calculated over a 365-day year</TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; vertical-align: middle; text-align: left">Does not include Net income from measurement of financial instruments at fair value through P&amp;L nor Net income from write-down of assets at amortized cost and at fair value through OCI</TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="10" STYLE="font-style: italic; vertical-align: middle">Sight deposits include savings accounts and interest-bearing checking accounts</TD></TR>
  </TABLE>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Net Fee Income</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Net Fee Income</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Net Fee Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,355</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,163</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,676</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">6.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;25.4%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Fee Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,678</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,506</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,704</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(9.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(0.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Linked to liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3,069</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,014</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,108</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;1.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(25.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">From credit cards</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3,300</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,077</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,569</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(19.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">28.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Linked to loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;443</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;444</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;285</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(0.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">55.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">From insurance</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;386</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;418</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;396</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(7.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(2.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">From foreign trade and foreign currency transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;385</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;431</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;297</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(10.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">29.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other fee income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">95</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;121</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">50</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(21.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">89.5%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Fee expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,323</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,343</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,028</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(19.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(14.0%)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Net fee income as of 1Q21 totaled
$3.4 billion, growing 6.1% or $192 million QoQ and 25.4% or $679 million YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">In 1Q21, fee income totaled
$7.7 billion, contracting 9.7% QoQ and 0.3% YoY. The quarterly fall is mainly explained by the income <I>from credit cards</I> line item,
in part due to a seasonal effect and the implementation of the new reward program.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">On the fee expenses side, these
totaled $4.3 billion, contracting 19.1% compared to 4Q20 and 14.0% compared to 1Q20. Lower expenses are partially driven by savings in
promotions and client acquisition costs compared to what was expended on 4Q20, affected by seasonal factors.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Net Income from Measurement
of Financial Instruments at Fair Value and Foreign Exchange and Gold Gains/Losses</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Net Income from financial instruments at fair value (FV) through P&amp;L</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Net Income from financial instruments at FV through P&amp;L</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,600</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,692</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,411</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">(65.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;13.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from government securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;605</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;323</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,327</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">87.3%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(54.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from private securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">(201)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;763</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">34</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(126.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Interest rate swaps</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(2)</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">33</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;100.0%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Gains from foreign currency forward transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,194</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,003</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;329</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(60.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;262.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from put options taken - Prisma Medios de Pago S.A.</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;561</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(100.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;N/A&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from debt and equity instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">24</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(92.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(89.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">11</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(335)</TD>
    <TD STYLE="border-top: #BFBFBF 0.5pt solid; border-right: #BFBFBF 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; background-color: white">&nbsp;(100.0%)</TD>
    <TD STYLE="border-top: #BFBFBF 0.5pt solid; border-right: #BFBFBF 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: #BFBFBF; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;100.0%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">In 1Q21, net income from financial
instruments at fair value (FV) through P&amp;L was $1.6 billion, decreasing 65.9% or $3.1 billion QoQ and increasing 13.4% or $189 million
YoY.</P>


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<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">The greatest impact on these
results is explained by the fall in the <I>gains from foreign currency forward transactions</I> line item, driven by a lower currency
depreciation compared to the increase in inflation recorded during the quarter (8.5%<FONT STYLE="font-size: 10pt"><SUP>2</SUP></FONT>
versus 13.0% respectively). Moreover, a 126.3% fall in the <I>income from private securities </I>line records a loss for $201 million,
mainly due to the effect of inflation over the valuation of the Bank&rsquo;s investment held in Prisma.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">The adjustment in the valuation
of the remaining investment held in Prisma, impacting on 4Q20, also explain part of the contraction in net income from financial instruments
at fair value (FV) through P&amp;L.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">The fall in these results is
slightly offset by an 87.3% increase in <I>income from government securities, </I>mainly because of an improvement in the valuation of
a greater position in the CER-linked bond portfolio.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Differences in quoted prices of gold and foreign currency</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Foreign exchange and gold gains/(losses) (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;896</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,212</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,765</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">(26.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">(49.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">From foreign exchange position</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">(362)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">(369)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;415</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;1.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(187.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from purchase-sale of foreign currency</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,258</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,581</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,350</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(20.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(6.8%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Net income from financial instruments at FV through P&amp;L (2)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,194</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,003</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;329</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(60.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;262.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from foreign currency forward transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,194</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,003</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;329</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(60.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;262.9%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total differences in quoted prices of gold &amp; foreign currency (1) + (2)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,089</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,215</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,094</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(50.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(0.2%)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 6pt 2.55pt 12pt 0; text-align: justify">In 1Q21, the total differences
in quoted prices of gold and foreign currency showed profit for $2.1 billion, decreasing 50.4% compared with 4Q20, mainly due to a 60.3%
fall in income from foreign currency forward transactions.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #02A5A5">Other Operating Income</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Other operating income</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt; background-color: #DDEBF7">Operating Income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #DDEBF7">&nbsp;&nbsp;1,547</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #DDEBF7">&nbsp;&nbsp;2,177</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #DDEBF7">&nbsp;&nbsp;1,482</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; background-color: #D4EDFC">(28.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #D4EDFC">4.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Rental of safe deposit boxes (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;285</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;296</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;296</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(3.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Adjustments and interest on miscellaneous receivables (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;577</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;693</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;356</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(16.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">62.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Punitive interest (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">31</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">13</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">82</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;140.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(61.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans recovered</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;231</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;315</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;232</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(26.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(0.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Fee income from credit and debit cards (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">61</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">67</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;106</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(9.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(42.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Income from initial recognition of public securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">11</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; background-color: white">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;N/A&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Other Operating Income(2)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;350</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;793</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;411</TD>
    <TD STYLE="border-top: #BFBFBF 0.5pt solid; border-right: #BFBFBF 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;(55.8%)</TD>
    <TD STYLE="border-top: #BFBFBF 0.5pt solid; border-right: #BFBFBF 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: #BFBFBF; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(14.7%)</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left">(1) Included in the efficiency ratio calculation</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left">(2) Includes some of the concepts used in the efficiency ratio calculation</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 16.75pt 6pt 0"></P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">In 1Q21 other operating income
totaled $1.5 billion, falling 28.9% or $630 million QoQ, and increasing 4.4% or $65 million YoY. The quarterly contraction is mainly explained
by a 55.8% decrease in the <I>other operating income line</I> item, due to the partial reversal in 4Q20 of a provision related to reorganization
recorded on the fourth quarter of 2019. To a lesser extent, the fall is also explained by the <I>adjustments and interest on miscellaneous
receivables</I> line item, where interests received from the Government in compensation for zero rate credit lines are recorded, and which
granting has diminished considerably during 1Q21.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">Contraction in <I>fee income
from credit and debit cards</I> is due to a fall in consumption, additional to a decline in issuance fees for credit and debit cards in
January (from 1.5% to 1.3% for credit cards and from 0.7% to 0.6% for debit cards).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">The <I>income from initial recognition
of public securities</I> line item shows gains for the inflation adjustments accumulated until December 2020, derived from the reclassification
of securities from Fair Value through OCI to Amortized cost (in particular, the 2022 National Treasury Bonds at fixed rate)</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">&nbsp;</P>



<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">



<P STYLE="font: 8pt BBVABentonSans; margin: 0"><B><I><SUP>2</SUP></I></B><I> Taking into consideration wholesale U.S. dollar foreign
exchange rates on BCRA&rsquo;s Communication &ldquo;A&rdquo; 3500.</I></P>

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<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">Operating Expenses</P>
<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Personnel Benefits and Administrative
Expenses</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Personnel Benefits and Adminsitrative Expenses</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Total Personnel Benefits and Adminsitrative Expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">11,172</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">10,954</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">11,454</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">2.0%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(2.5%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Personnel Benefits <FONT STYLE="font: normal 700 10pt BBVABentonSansLight"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,840</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,487</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;6,333</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">6.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(7.8%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Administrative expenses <FONT STYLE="font: normal 700 10pt BBVABentonSansLight"><SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,332</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,467</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,121</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(2.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">4.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Travel expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">40</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">41</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;6.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Administrative expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;384</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;422</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;491</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(9.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(21.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Security services</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;193</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;218</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;157</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(11.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">23.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Fees to Bank Directors and Supervisory Committee</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">10</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;9</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;4.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(66.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other fees</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;227</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;252</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;343</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(9.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(33.8%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Insurance</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">66</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">67</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">61</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(0.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;9.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Rent</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;684</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;573</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;449</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">19.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">52.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Stationery and supplies</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">18</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">15</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">22.3%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(34.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Electricity and communications</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;268</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;273</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;318</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(1.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(15.8%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Advertising</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;202</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;152</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">32.3%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(21.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Taxes</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,250</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,306</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,243</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(4.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;0.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Maintenance costs</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;624</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;620</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;610</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;0.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Armored transportation services</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;764</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;937</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;395</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(18.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">93.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other administrative expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;603</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;586</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;703</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;2.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(14.2%)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; vertical-align: bottom; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Headcount*</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right">&nbsp;&nbsp;6,004</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right">6019</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; font-weight: bold; vertical-align: bottom; text-align: right">6302</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(15)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; vertical-align: bottom; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">(298)</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">BBVA (Bank)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; vertical-align: middle; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;5,905</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; vertical-align: middle; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,920</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;6,199</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(294)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Associates</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">99</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">99</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;103</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total branches**</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;247</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;247</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;251</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Efficiency ratio</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;72.5%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;44.0%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;59.3%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;2,845 bps</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,321 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Accumulated Efficiency Ratio</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;72.5%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;56.8%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;59.3%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;1,566 bps</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,321 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Efficiency ratio - Excl. Inflation adjustment</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;50.1%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;34.4%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;47.4%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;1,565 bps</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;270 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Accumulated Efficiency Ratio - Excl. Inflation adjustment</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;50.1%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;45.1%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; font-weight: bold; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;47.4%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;495 bps</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;270 bps</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left; border-top-color: lightgrey; border-top-width: 1pt">(1) Concept included in the efficiency ratio calculation</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left">*corresponds to total effective employees, net of temporary contract employees</TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="font-style: italic; vertical-align: middle; text-align: left">**do not include administrative offices</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">During 1Q21, personnel benefits
and administrative expenses totaled $11.2 billion, increasing 2.0% or $218 million compared to 4Q20, and falling 2.5% or $282 million
compared to 1Q20.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">Personnel benefits increased
6.4% QoQ, and decreased 7.8% YoY. This is partially explained by salary increases arranged through collective bargaining agreements (2.1%
for a 2020 salary update and an 11.5% increase for the first quarter of 2021), additional to variable remuneration payments.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">As of 1Q21, administrative expenses
fell 2.5% QoQ, and increased 4.1% YoY. The quarterly fall is mainly due to savings in armored transportation services, driven by a lower
commercial activity.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">The accumulated efficiency ratio
as of 1Q21 was 72.5%, above the 56.8% and the 59.3% reported in 4Q20 and 1Q20 respectively. This increase is explained by a lower percentage
decline in the numerator (expenses) than the denominator (income), which has been especially affected by a fall in financial income and
the acceleration of inflation during the first quarter of 2021.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">Excluding inflation adjustments
considered in the i<I>ncome from the monetary position</I> line item, the 1Q21 accumulated efficiency ratio would have been 50.1%.</P>




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<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Other Operating Expenses</P>
<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Other Operating Expenses</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 51%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 9%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 9%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 9%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 11%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 11%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Other Operating Expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;4,647</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;6,873</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,439</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">(32.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">4.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Turnover tax</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3,043</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,469</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,485</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">23.3%</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #D9D9D9; border-left-width: 0.5pt; background-color: white">22.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Initial loss of loans below market rate</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;292</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;714</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;249</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(59.1%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #D9D9D9; border-left-width: 0.5pt; background-color: white">17.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Contribution to the Deposit Guarantee Fund (SEDESA)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;206</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;209</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;177</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(1.3%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #D9D9D9; border-left-width: 0.5pt; background-color: white">16.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Interest on liabilities from financial lease</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #F2F2F2">89</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;109</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(7.7%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #D9D9D9; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(18.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;265</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;516</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,003</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(48.8%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #D9D9D9; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(73.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;753</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,869</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;414</TD>
    <TD STYLE="border-right: #D9D9D9 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(73.8%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #D9D9D9; border-left-width: 0.5pt; background-color: white">81.7%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">In 1Q21, other operating expenses
totaled $4.6 billion, contracting 32.4% or $2.2 billion QoQ, and growing 4.7% or $209 million YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">The main factor explaining the
decline during the quarter is found in the <I>other operating expenses</I> line item, which falls 73.8%, due to a provision recorded in
4Q20 related to reorganization expenses. Another line which explains savings in the quarter is the 59.1% fall in <I>initial loss of loans
below market rate</I>, where losses for pledge and mortgage loan instalment freezes were recorded in 4Q20, in line with COVID-19 measures
pursued in 2020.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">The aforementioned savings are
offset by the <I>turnover tax</I> line item which increases 23.3%, driven by an increment in the turnover tax rate in Provincia de Buenos
Aires and Ciudad de Buenos Aires (CABA), added to the further taxing as of January 2021 in CABA of transactions through instruments issued
by the Central Bank.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Income from Associates</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">This line reflects the results
from non-consolidated associate companies. During 1Q21, a loss of $29 million has been reported, mainly due to the Bank&rsquo;s participation
in BBVA Consolidar Seguros S.A., Rombo Compa&ntilde;&iacute;a Financiera S.A., Interbanking S.A. and Play Digital S.A.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Income Tax</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 12pt 2.55pt 12pt 0; text-align: justify">Accumulated income tax during
the first three months of the year recorded a gain of $437 million. As of 1Q21, tax expenses show a positive result due to: (i) having
recorded a complete fiscal inflation adjustment and (ii) the reversal of a provision pursuant to BCRA instructions for the year 2016,
recording a positive result in 1Q21 of $1.2 billion.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 12pt 2.55pt 12pt 0; text-align: justify">Balance sheet and activity</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Loans and Other Financing</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Loans and other financing</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">To the public sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;7</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">18</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; background-color: white">(93.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">(97.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">To the financial sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,238</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,641</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,341</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">(15.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">(69.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;296,824</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;327,903</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;321,587</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(9.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(7.7%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad - AR$</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;263,759</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;292,952</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;261,505</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(10.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">0.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Overdrafts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">13,190</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">19,664</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">42,088</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(32.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(68.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Discounted instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">31,458</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">37,407</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27,893</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">12.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Mortgage loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">18,330</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">18,915</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,301</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(13.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Pledge loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">11,638</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,014</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,574</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;5.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">10.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Consumer loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">30,552</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31,763</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">34,077</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(10.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Credit cards</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;118,525</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;127,478</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">98,975</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(7.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">19.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Receivables from financial leases</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,019</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,969</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,061</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;2.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(2.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">38,047</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">44,742</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">24,537</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">55.1%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad - Foreign Currency</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">33,065</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">34,951</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">60,082</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(5.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(45.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Overdrafts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(52.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Discounted instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,869</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,910</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,836</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(2.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;1.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Mortgage loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;252</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Credit cards</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,151</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,893</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,588</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(39.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(27.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Receivables from financial leases</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;118</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;140</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;400</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(70.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">19,569</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">18,050</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">39,266</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;8.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(50.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">10,357</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">12,955</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">16,739</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(20.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(38.1%)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">% of total loans to Private sector in AR$</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">88.9%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">89.3%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">81.3%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(48)bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;754 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of total loans to Private sector in Foreign Currency</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">11.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10.7%</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font-style: italic; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">18.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">48 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(754)bps</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">% of mortgage loans with UVA adjustments <FONT STYLE="font: 400 10pt BBVABentonSansLight"><I><SUP>(1)</SUP></I></FONT></TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">81.9%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">84.0%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">85.6%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">(205)bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">(365)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of pledge loans with UVA adjustments <FONT STYLE="font: 400 10pt BBVABentonSansLight"><I><SUP>(1)</SUP></I></FONT></TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">16.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">14.7%</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-style: italic; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">24.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;155 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(854)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of personal loans with UVA adjustments <FONT STYLE="font: 400 10pt BBVABentonSansLight"><I><SUP>(1)</SUP></I></FONT></TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">12.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">16.2%</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-style: italic; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">36.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(419)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(2,432)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of loans with UVA adjustments over Total loans<FONT STYLE="font: 400 10pt BBVABentonSansLight"><I><SUP>(1)</SUP></I></FONT></TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3.6%</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font-style: italic; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(10)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(216)bps</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Total loans and other financing</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;299,063</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;330,551</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;328,946</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(9.5%)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(9.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(14,412)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(14,827)</TD>
    <TD STYLE="text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(17,300)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;2.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">16.7%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid">Total net loans and other financing</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;284,651</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;315,724</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;311,646</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(9.8%)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(8.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: left">(1) Excludes effect of accrued interests adjustments.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Private sector loans as of 1Q21
totaled $296.8 billion, decreasing 9.5% or $31.1 billion QoQ, and 7.7% or $24.8 billion YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">Loans to the private sector
in pesos decreased 10.0% in 1Q21, and remained flat in the year with a 0.9% minor increase. Loans to the private sector denominated in
foreign currency fell 5.4% QoQ and 45.0% YoY, mainly driven by the contraction in demand of loans in foreign currency. These loans, measured
in U.S. dollars, fell 13.5% QoQ and 61.4% YoY. The depreciation of the argentine peso versus the U.S. dollar was 8.5% QoQ and 29.9%<FONT STYLE="font-size: 10pt; line-height: 107%"><SUP>3</SUP></FONT>
<FONT STYLE="line-height: 107%">YoY.</FONT></P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">In 1Q21, total loans and other
financing totaled $299.1 billion, decreasing 9.5% compared to 4Q20 and 9.1% compared to 1Q20.</P>

<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">
<P STYLE="font: 8pt BBVABentonSans; margin: 0"><B><I><SUP>3</SUP></I></B><I> Taking into consideration wholesale U.S. dollar foreign
exchange rates on BCRA&rsquo;s Communication &ldquo;A&rdquo; 3500.</I></P>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Loans and other financing</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Non-financial private sector and residents abroad - Retail</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;180,197</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;191,063</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;166,766</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(5.7%)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">8.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Mortgage loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">18,330</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">18,915</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,553</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Pledge loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">11,638</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,014</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,574</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;5.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">10.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Consumer loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">30,552</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31,763</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">34,077</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(10.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Credit cards</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;119,676</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;129,370</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;100,562</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(7.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">19.0%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad - Commercial</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;116,627</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;136,841</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;154,821</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(14.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(24.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Overdrafts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">13,191</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">19,666</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">42,090</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(32.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(68.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Discounted instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">33,326</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">39,318</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,729</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(15.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">12.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Receivables from financial leases</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,137</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,109</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,460</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;1.3%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(13.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans for the prefinancing and financing of exports</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">19,569</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">18,050</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">39,266</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;8.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(50.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">48,404</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">57,697</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">41,276</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(16.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">17.3%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">% of total loans to Retail sector</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">60.7%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">58.3%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">51.9%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;244 bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;885 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of total loans to Commercial sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">39.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">41.7%</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font-style: italic; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">48.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(244)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(885)bps</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Retail loans (mortgage, pledge,
consumer and credit cards) have fallen 5.7% QoQ and grown 8.1% YoY. During the quarter, the greatest decline is seen in credit cards with
a 7.5% decrease.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Commercial loans (overdrafts,
discounted instruments, receivables from financial leases, loans for the prefinancing and financing of exports, and other loans) contracted
14.8% QoQ and 24.7% YoY. Quarterly decline is explained by a 32.9% fall in overdrafts, followed by a 16.1% fall in other loans (particularly
due to a decrease in company loans or &ldquo;<I>Prestamos a inter&eacute;s vencido</I>&rdquo;) and a 15.2% decrease in discounted instruments,
all of them mainly due to a seasonal deceleration of commercial activity. This was partially offset by an 8.4% growth in prefinancing
and financing of exports.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Decline in both retail and commercial
portfolios, and in the total loan portfolio, are mainly impacted by the effect of inflation during the first quarter of 2021, which reached
13%. In nominal terms, the retail portfolio and the total loan portfolio increased 5.0% and 2.2% respectively, reversing the trend compared
to the inflation adjusted figures. On the other hand, the commercial portfolio contracted 1.8%, pushed by lower activity.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Loans and other financing- Non restated figures</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Non-financial private sector and residents abroad - Retail</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;180,197</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;171,593</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;117,809</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: #043263; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;5.0%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">53.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad - Commercial</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;116,627</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;118,708</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;107,665</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #043263; border-left-width: 0.5pt; background-color: white">&nbsp;(1.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;8.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total loans and other financing (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;299,063</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;292,645</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;230,598</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #043263; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;2.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">29.7%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="font-style: italic">(1) Does not include allowances</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.45pt 12pt 0; text-align: justify; color: #121212">As of 1Q21, the total loans
and other financing over deposits ratio was 58.9%, below the 61.2% recorded in 4Q20 and the 70.3% in 1Q20.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-left: #043263 1pt solid">Market share - Private sector Loans</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-right: #043263 1pt solid; text-align: center">BBVA ARG</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-right: #043263 1pt solid; text-align: center; border-left-color: #043263; border-left-width: 1pt">Chg (bps)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In %</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Private sector loans - Bank</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">7.35%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">7.66%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">7.50%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-size: 10pt; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Private sector loans - Consolidated*</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.23%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.49%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.35%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-size: 10pt; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-size: 10pt; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12)bps</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-style: italic">Based on daily BCRA information. Capital balance as of the last day of each quarter.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-style: italic">&nbsp;* Consolidates PSA, VWFS &amp; Rombo</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 1.15pt 12pt 0"></P>


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<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">&nbsp;</P>

<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">Asset Quality</P>

<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Asset Quality</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: #043263 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Commercial non-performing portfolio (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,391</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,492</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,971</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; background-color: white">&nbsp;(4.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(59.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Total commercial portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">94,216</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;112,585</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;146,489</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(16.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(35.7%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Commercial non-performing portfolio / Total commercial portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2.54%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2.21%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4.08%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;33 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(154)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Retail non-performing portfolio (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,845</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,261</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,273</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">25.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(13.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Total retail portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;209,818</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;226,433</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;186,012</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">&nbsp;(7.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">12.8%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Retail non-performing portfolio / Total retail portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1.36%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1.00%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1.76%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;36 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(40)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-performing portfolio (1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;5,237</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,753</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;9,244</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">10.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(43.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Total portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;304,034</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;339,019</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;332,501</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(10.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(8.6%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-performing portfolio / Total portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1.72%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1.40%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2.78%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;32 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(106)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">14,412</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">14,827</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">17,300</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">&nbsp;(2.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(16.7%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Allowances&nbsp;&nbsp;/Total non-performing portfolio&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">275.22%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">311.95%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">187.15%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;(3,674)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;8,807 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Write offs</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;513</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;8,243</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,198</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(93.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(57.2%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Write offs / Total portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;0.17%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2.43%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;0.36%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;(226)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(19)bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Cost of Risk (CoR)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2.47%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4.99%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2.87%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;(253)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(41)bps</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-style: italic; text-align: left">(1) Non-performing loans include: all loans to borrowers classified as &quot;Deficient Servicing (Stage 3)&quot;, &quot;High Insolvency Risk (Stage 4)&quot;, &quot;Irrecoverable&quot; and/or &quot;Irrecoverable for Technical Decision&quot; (Stage 5) according to BCRA debtor classification system</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">In 1Q21, asset quality ratio
or NPL (total non-performing portfolio / total portfolio) was 1.72%, while the coverage ratio (allowances / total non-performing portfolio)
was 275.22%, compared to the 1.40% NPL and 311.95% coverage recorded in 4Q20 respectively. The evolution of these ratios reflect (i) an
increase in the retail non-performing portfolio due to deferred credit card payments, related to the expiration of COVID-19 measures over
these loans, which passed to <I>stage 3</I> in January, (ii) an improvement in commercial non-performing loans in contrast to those recorded
in 4Q20 and (iii) a decline in write-offs derived from the decrease in retail non-performing loans in the prior 6 months (period required
for a non-performing loan to be written-off).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">As of 1Q21, NPL is still positively
affected by the temporary flexibility in BCRA regulation regarding debtor classification during the COVID-19 pandemic, which extends grace
periods in 60 days before a loan is classified as non-performing, and suspends the mandatory reclassification of clients that have an
irregular performance with other institutions but a regular performance with the Bank.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 6pt 2.55pt 12pt 0; text-align: justify">Cost of risk (loan loss allowances
/ average total loans) reached 2.47%, lower than 4Q20&rsquo;s 4.99%. This is mainly explained by the reduction in loan loss allowances
in 1Q21, additional to the contrast with a 4Q20 that included losses for the passing to <I>stage 3</I> of a particular company, and the
change in parameters in impairment models.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; border-left: #043263 1pt solid; text-align: left; background-color: #043263">Analysis for the allowance of loan losses</TD>
    <TD COLSPAN="5" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center; background-color: #043263">BBVA ARG</TD>
    <TD STYLE="color: #E7E6E6; font-size: 8.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: right; background-color: #043263">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; background-color: #043263">Balance at 12/31/2020</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; background-color: #043263">Stage 1</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; background-color: #043263">Stage 2</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: center; background-color: #043263">Stage 3</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: center; background-color: #043263">Monetary result generated by allowances</TD>
    <TD STYLE="color: #E7E6E6; font-size: 8.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center; background-color: #043263">Balance at 03/31/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD DIR="LTR" STYLE="color: white; text-align: left; background-color: #043263; width: 27%">In millions of AR$&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263; width: 12%">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263; width: 12%">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263; width: 12%">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263; width: 12%">&nbsp;</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; text-align: center; background-color: #043263; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #E7E6E6; font-size: 8.5pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-left: #043263 1pt solid; color: white; font-weight: bold; text-align: right; background-color: #043263; width: 12%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Other financial assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;&nbsp;299</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">27</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(35)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: right">&nbsp;291</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loans and other financing</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;14,460</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">(670)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;659</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;1,279</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(1,711)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">14,017</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(0)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;-</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(0)</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Eventual commitments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">1,541</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(87)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;127</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">17</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;(179)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;1,419</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">Total allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">&nbsp;16,300</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #D4EDFC">(758)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #D4EDFC">&nbsp;786</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #D4EDFC">&nbsp;&nbsp;1,324</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #D4EDFC">&nbsp;&nbsp;(1,925)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">15,727</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="text-align: left">Note: to be consistent with Financial Statements, it must be recorded from the beginning of the year instead of the quarter</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Allowances for the Bank in 1Q21
reflect expected losses driven by the adoption of the IFRS 9 standards as of January 1, 2020, except for debt instruments issued by the
nonfinancial government sector which were temporarily excluded from the scope of such standard.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left; background-color: #043263">Analysis for the allowance of loan losses</TD>
    <TD COLSPAN="5" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center; background-color: #043263">Group &quot;C&quot; Subsidiary Companies</TD>
    <TD STYLE="color: #E7E6E6; font-size: 8.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: right; background-color: #043263">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263">Balance at 12/31/2020</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263">Stage 1</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263">Stage 2</TD>
    <TD STYLE="color: white; font-weight: bold; text-align: center; background-color: #043263">Stage 3</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; text-align: center; background-color: #043263">Monetary result generated by allowances</TD>
    <TD STYLE="color: #E7E6E6; font-size: 8.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-left: #043263 1pt solid; text-align: center; background-color: #043263">Balance at 03/31/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD DIR="LTR" STYLE="border-bottom: #002060 0.5pt solid; color: white; text-align: left; background-color: #043263; width: 38%">In millions of AR$&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; background-color: #043263; width: 12%">&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; background-color: #043263; width: 9%">&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; background-color: #043263; width: 9%">&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; background-color: #043263; width: 9%">&nbsp;</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; background-color: #043263; width: 14%">&nbsp;</TD>
    <TD STYLE="color: #E7E6E6; font-size: 8.5pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; border-left: #043263 1pt solid; text-align: right; background-color: #043263; width: 8%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Loans and other financing</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;&nbsp;367</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">75</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;(6)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;(42)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; vertical-align: middle; border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: right">&nbsp;394</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;367</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">75</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(42)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;394</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Pledge loans</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;356</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">74</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(35)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;389</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Financial leases</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(0)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(0)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;1</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;10</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(0)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(7)</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;4</TD></TR>
  <TR>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">Total allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">367</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">75</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">-6</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">-42</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: #D4EDFC">394</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="4" STYLE="border-top: lightgrey 1pt solid; font-style: italic">Note: to be consistent with Financial Statements, it must be recorded from the beginning of the year instead of the quarter</TD>
    <TD STYLE="font-style: italic; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; color: #121212; margin: 12pt 2.55pt 12pt 0; text-align: justify">The financial statements of
consolidated subsidiaries PSA and VWFS were prepared considering the financial reporting framework set forth by the BCRA for Group &quot;C&quot;
financial institutions, without considering the model established in paragraph 5.5. &ldquo;Impairment&rdquo; of IFRS 9 for fiscal years
commencing on and after January 1, 2022.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Public Sector Exposure</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Net Public Debt Exposure</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 46%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 12%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 12%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left">Treasury and Government securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">47,540</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">43,270</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;26,114</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">9.9%</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;82.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Treasury and National Government</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">47,540</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">43,270</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;26,042</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">9.9%</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;82.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">National Treasury Public Debt in AR$</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">47,540</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">43,270</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;15,998</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;9.9%</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;197.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">National Treasury Public Debt in dollars</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">186</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(100.0%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">National Treasury Public Debt USD-Linked</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;9,858</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Provinces</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;72</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Loans to the Public Sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;18</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(93.8%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(97.4%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">AR$ Subtotal</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">47,540</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">43,277</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;16,088</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">9.8%</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;195.5%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left">USD Subtotal*</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: #043263 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;10,044</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; text-align: right">&nbsp;(100.0%)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: #D9D9D9 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left">Total Public Debt Exposure</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">47,540</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">43,277</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: #043263 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;26,132</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; text-align: right">9.9%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: #D9D9D9 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;81.9%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #D9D9D9 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: lightgrey 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D9D9D9 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D9D9D9 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D9D9D9 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: lightgrey 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: #D9D9D9 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: lightgrey 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: #D9D9D9 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: lightgrey 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 1pt">B.C.R.A. Exposure</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;128,204</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;157,087</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;84,694</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">(18.4%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;51.4%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;101,528</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;80,127</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(3.7%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;22.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">LELIQs</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">97,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;101,528</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;80,127</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;(3.7%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">22.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loans to the B.C.R.A.</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;N/A&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Repo</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">30,470</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">55,559</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4,567</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(45.2%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">B.C.R.A. - AR$</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">30,470</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">55,559</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;4,567</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;(45.2%)</TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;n.m&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: lightgrey 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; vertical-align: middle; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: lightgrey 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: lightgrey 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;%Public sector exposure (Excl. B.C.R.A.) / Total assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: center; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">6.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: center; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">5.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: center; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;84 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;281 bps</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-size: 11pt; font-style: italic">*Includes USD-linked Treasury public debt in AR$</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Public sector exposure (excluding
BCRA) totaled $47.5 billion, growing 9.9% or $4.3 billion QoQ, and 81.9% or $21.4 billion YoY. The quarterly increase is explained by
a greater position in CER-linked bonds.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Short-term liquidity is mostly
allocated in BCRA instruments, which fell 18.4% QoQ and grew 51.4% YoY in real terms. The quarterly fall is explained by a lower position
in REPOs with the BCRA.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Exposure to the public sector
(excluding BCRA) represents 6.4% of total assets, above the 5.6% in 4Q20 and the 3.6% in 1Q20.&nbsp;</P>


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<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">&nbsp;</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Deposits</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Total Deposits</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Total deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;507,820</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;540,167</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;467,831</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;(6.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial Public Sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;6,582</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6,357</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,955</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;3.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;32.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financial Sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;179</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;973</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;409</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(81.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(56.2%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;501,059</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;532,836</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;462,467</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(6.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8.3%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad - AR$</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;356,434</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;380,302</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;300,043</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(6.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;18.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Checking accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;103,019</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;127,121</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">90,241</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(19.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;14.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Savings accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">90,314</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">99,973</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,005</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(9.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;127,734</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;118,178</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;101,606</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;8.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;25.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investment accounts&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">32,366</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31,519</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;734</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3,000</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,511</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,457</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(14.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(71.3%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and res. abroad - Foreign Currency</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;144,625</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;152,534</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;162,424</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(5.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(11.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Checking accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">17</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">45</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">48</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(62.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(64.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Savings accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;125,992</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;132,628</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;134,882</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(5.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">16,571</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">17,442</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">22,806</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(5.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(27.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,045</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,418</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,688</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(15.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(56.4%)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">% of total portfolio in the private sector in AR$</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">71.1%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">71.4%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">64.9%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(24)bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;626 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of total portfolio in the private sector in Foregin Currency</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">28.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">28.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">35.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">24 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(626)bps</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">% of time deposits with UVA adjustments</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">2.7%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">1.7%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">2.8%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;109 bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(10)bps</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: italic 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">%&nbsp;&nbsp;of sight deposits over total deposits</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">64.7%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">68.6%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">72.9%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;(389)bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(820)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">%&nbsp;&nbsp;of time deposits over total deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">35.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">31.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">27.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;389 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;820 bps</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; text-indent: 0cm; color: #121212">During 1Q21,
total deposits were $507.8 billion, declining 6.0% or $32.3 billion QoQ, and growing 8.5% or $40.0 billion YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; text-indent: 0cm; color: #121212">Private non-financial
sector deposits in 1Q21 were $501.1 billion, decreasing 6.0% QoQ, and increasing 8.3% YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; text-indent: 0cm; color: #121212">Private non-financial
sector deposits in pesos totaled $356.4 billion, falling 6.3% compared to 4Q20, and growing 18.8% compared to 1Q20. The quarterly decline
is mainly affected by the fall in sight deposits, especially checking accounts (interest bearing and non-interest bearing), and savings
accounts. This was partially offset by an 8.1% increase in time deposits.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; text-indent: 0cm; color: #121212">Private non-financial
sector deposits in foreign currency expressed in pesos fell 5.2% QoQ and 11.0% YoY. Measured in U.S. dollars, these deposits fell 13.3%
QoQ and 37.6% YoY.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Private Deposits</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;501,059</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;532,836</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;462,467</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(6.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">8.3%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Sight deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;324,387</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;365,697</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;337,321</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(11.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(3.8%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Checking accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;103,036</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;127,167</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">90,290</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(19.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;14.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Savings accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;216,306</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;232,601</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;231,887</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(7.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;5,045</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,929</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">15,145</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(14.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(66.7%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Time deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;176,672</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;167,140</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;125,146</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">5.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;41.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;144,305</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;135,620</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;124,412</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;6.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;16.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investment accounts</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #EDEDED">32,366</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">31,519</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;734</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; padding-left: 9px; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">% of sight deposits over total deposits</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">65.2%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">69.1%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">73.2%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;(385)bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-style: italic; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(804)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">% of time deposits over total deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">34.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">30.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">26.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;385 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;804 bps</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">Variations are mainly affected
by the effect of inflation during the first quarter of 2021. In nominal terms, total deposits, sight deposits and time deposits grew 6.2%,
19.4% and 0.2% respectively, reversing the trend in inflation-adjusted figures in certain cases.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Private Deposits - Non restated figures</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg(%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Sight deposits</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;324,387</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;323,760</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;236,984</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: #043263; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;0.2%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;36.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Time deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;176,672</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;147,973</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">87,216</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #043263; border-left-width: 0.5pt; background-color: white">&nbsp;19.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;102.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;507,820</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;478,223</TD>
    <TD STYLE="border-right: #043263 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;327,960</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: #043263; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;6.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;54.8%</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">As of 1Q21, the Bank&rsquo;s
transactional deposits (checking accounts and savings accounts) represented 62.9% of total non-financial private deposits, totaling $319.3
billion, versus 66.6% in 4Q20.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-left: #043263 1pt solid">Market Share - Private sector Deposits</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-right: #043263 1pt solid; text-align: center">BBVA ARG</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-right: #043263 1pt solid; text-align: center; border-left-color: #043263; border-left-width: 1pt">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; font-size: 10pt; text-align: left; width: 50%">In %</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: #002060 1pt solid; font-size: 10pt; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Private sector Deposits - Consolidated*</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-size: 10pt; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">6.90%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-size: 10pt; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">7.13%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-size: 10pt; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">6.80%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-size: 10pt; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23)bps</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-size: 10pt; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 bps</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-style: italic">Based on daily BCRA information. Capital balance as of the last day of each quarter.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-style: italic">&nbsp;* Consolidates PSA, VWFS &amp; Rombo</TD></TR>
  </TABLE>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Other Sources of Funds</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Other sources of funds</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Other sources of funds</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;128,328</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;126,972</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;135,234</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">1.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(5.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Central Bank</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">24</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">32</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;202</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(24.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(87.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Banks and international organizations</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,878</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,910</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;407</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(1.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;361.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financing received from local financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;7,871</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,931</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,566</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(11.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;72.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Corporate bonds</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,022</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,320</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,697</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(22.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(90.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Equity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;117,532</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;114,779</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;119,363</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1.5%)</TD></TR>
  </TABLE>

<P STYLE="font: 1pt/107% BBVABentonSansLight; margin: 6pt 0; text-align: justify; color: #121212">&nbsp;</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">In 1Q21, other sources of funds
totaled $128.3 billion, growing 1.1% or $1.4 billion QoQ, and falling 5.1% or $6.9 billion YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">The increase is mostly explained
by the 2.4% increase in equity (<I>of the Parent</I>) due to a greater value in the <I>retained earnings</I> line item.</P>

<P STYLE="font: 14pt/107% BBVABentonSans; color: #02A5A5; margin: 12pt 2.55pt 12pt 0; text-align: justify">Liquid Assets</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Total Liquid Assets</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-left: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Total liquid assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;365,849</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;364,335</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;318,617</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">0.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;14.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Cash and deposits in banks</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;195,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;171,811</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;209,007</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;13.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;4,844</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,034</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,778</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;368.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(62.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Government securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;4,844</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,034</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">73</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;368.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Liquidity bills of B. C. R. A.</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,705</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net REPO transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">30,470</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">55,559</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,567</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(45.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;134,800</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;135,931</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">92,265</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(0.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;46.1%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Government securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">37,066</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">34,397</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">24,843</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: #D9D9D9 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;&nbsp;7.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: #D9D9D9 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">49.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Liquidity bills of B. C. R. A.</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">97,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;101,534</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">67,422</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: #D9D9D9 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt">&nbsp;(3.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: #D9D9D9 1pt solid; text-align: right; border-top-color: #D9D9D9; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">45.0%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Liquid assets / Total Deposits</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: center; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;72.0%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: center; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;67.4%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: center; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;68.1%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;459 bps</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;394 bps</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">In 1Q21, liquid assets were
$365.8 billion, increasing 0.4% or $1.5 billion compared to 4Q20, and 14.8% or $47.2 billion compared to 1Q20.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">In 1Q21, the liquidity ratio
(liquid assets / total deposits) reached 72.0%. Liquidity ratio in local and foreign currency reached 65.8% and 87.7% respectively.</P>


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<P STYLE="font: 14pt BBVABentonSans; margin: 0; color: #02A5A5">&nbsp;</P>

<P STYLE="font: 14pt BBVABentonSans; margin: 12pt 0; color: #02A5A5">Solvency</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Minimum capital requirement</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 49%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 11%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Minimum capital requirement</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">39,926</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">43,820</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">41,681</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: Black 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;(8.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;&nbsp;(4.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Credit risk</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">29,877</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">33,347</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">30,906</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(10.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(3.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Market risk</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;177</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;278</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;715</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(36.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(75.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Operational risk</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;9,872</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10,195</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10,060</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(3.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1.9%)</TD></TR>
  <TR>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Integrated Capital - RPC (1)*</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;109,134</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;108,286</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;111,011</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: Black 0.5pt solid; text-align: right">0.8%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right">&nbsp;&nbsp;(1.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Ordinary Capital Level 1 ( COn1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;124,289</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;122,270</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;129,625</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;1.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deductible items COn1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(18,185)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(17,336)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(21,767)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(4.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;16.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Additional Capital Level 2 (COn2)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3,030</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,351</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;3,153</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(9.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(3.9%)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Excess Capital</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Integration excess</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">69,208</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">64,466</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">69,330</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;7.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(0.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Excess as&nbsp;&nbsp;% of minimum capital requirement</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">173.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">147.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">166.34%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">2,623 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;700 bps</TD></TR>
  <TR>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid">Risk-weighted assets (RWA, according to B.C.R.A. regulation) (2)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;488,201</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;535,611</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;509,755</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;(8.9%)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.2%)</TD></TR>
  <TR>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Regulatory Capital Ratio (1)/(2)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;22.4%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;20.2%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;21.8%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;214 bps</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;58 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">TIER I Capital Ratio (Ordinary Capital Level 1/ RWA)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;21.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;19.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;21.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;214 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;57 bps</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; text-align: left; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: left; background-color: white">* RPC includes 100% of quarterly results</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-size: 8pt; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 2.55pt 12pt 0; text-align: justify; color: #121212">BBVA Argentina continues to
show strong solvency indicators on 1Q21. Capital ratio reached 22.4%. Tier 1 ratio was 21.7% and capital excess over regulatory requirement
was $69.2 billion.<BR STYLE="clear: both">
</P>


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<P STYLE="font: bold 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: center">Other events</P>

<P STYLE="font: 11pt/107% BBVABentonSans; color: #02A5A5; margin: 18pt 0 12pt">Main Relevant Events</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% BBVABentonSans; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As of April 14, 2021, pursuant to what is stated in the fifth paragraph
of art.1 of Decree No 42/2021, the bank announced that those shareholders that needed the required information for the valuation of their
shares according to such decree, would be able to request it via e-mail.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% BBVABentonSans; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As of April 15, 2021, BBVA Argentina presented its 20-F annual report for
the fiscal year ended December 2020.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% BBVABentonSans; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As of April 19, 2021, the Board of Directors accepted the resignation of
the regular director Juan Manuel Ballesteros Castellano as from the next Shareholders&rsquo; Meeting, whereby a new member was to be appointed
to replace him. As of such date, the shareholder Banco Bilbao Vizcaya Argentaria S.A. notified the Board its intention to appoint two
new regular directors, Mr. Ernesto Mario San Gil and Mrs. Nuria Alonso Jim&eacute;nez during the next General Shareholders&rsquo; Meeting
to be held on April 20, 2021.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% BBVABentonSans; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As of April 19, 2021, the BCRA requested Banco BBVA Argentina S.A. following
the announcement of its December 2020 results, to adjust the recognized fair value of the position held in Prisma Medios de Pago S.A.,
which is recorded in the <I>Investment in equity instruments</I> line item as of financial statements ended December 31, 2020. In this
sense, the adjustment required in accordance with what was requested by the BCRA, which represents a decrease of 0.96% of the Bank&rsquo;s
equity and 5.89% on its total comprehensive income for the year 2020, shall be recorded and published by the Bank in the statement of
changes in Shareholders&rsquo; Equity of the March 2021 financial statements; and adequately explained in its respective notes and exhibits.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% BBVABentonSans; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As of April 20, 2021, the General Shareholders&rsquo; Meeting approved the
distribution of cash dividends for $7 billion, equal to $ 11.42559353 per share, and passed on to the Board of Directors the power to
determine the date of payment of such dividends. The distribution is subject to the BCRA&rsquo;s prior authorization, which has not been
granted yet. According to Communication &ldquo;A&rdquo; 7181, the distribution of financial institutions&rsquo; results is suspended until
June 30, 2021.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/107% BBVABentonSans; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font: 10pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">As of April 27, 2021, the Board of Directors decided to replace Mr. Juan
Manuel Ballesteros Castellano with Mr. Ernesto Mario San Gil ad referendum of the authorization by the BCRA, for the Audit Committee -
Law No. 26,831.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/107% BBVABentonSans; color: #02A5A5; margin: 18pt 0 12pt">Digital Transformation</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify">Digitalization continued to accelerate during 1Q21.
Active digital clients reached 1.9 million with a 73.3% penetration over total active clients (2.6 million), versus a penetration of 67.7%
in 1Q20. Active mobile clients were 1.6 million, representing a 61.9% penetration in 1Q21, versus a penetration of 56.1% in 1Q20. Digital
and mobile transactions<FONT STYLE="font-size: 10pt"><SUP>4</SUP></FONT> increased 64.5% in 1Q21 YoY.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify">On 1Q21, retail digital sales measured in units reached
79.5% of total sales (vs. 69.9% in 1Q20) and represent 54.4% of the Banks total sales measured in monetary value (vs. 50.0% in 1Q20).</P>

<P STYLE="font: 11pt/107% BBVABentonSans; color: #02A5A5; margin: 18pt 0 12pt">&nbsp;</P>
<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">
<P STYLE="font: 8pt BBVABentonSans; margin: 0"><B><I><SUP>4</SUP></I></B><I> Includes online and mobile banking, Net Cash online &amp;
mobile, and non-bank correspondents.</I></P>


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<P STYLE="font: 11pt/107% BBVABentonSans; color: #02A5A5; margin: 18pt 0 12pt">SMEs Productive investment financing credit lines &ndash;
March 2021</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 12pt 2.55pt 12pt 0; text-align: justify">Pursuant to what is stated in Communication
&ldquo;A&rdquo; 7140, as of March 31, 2021, the Bank granted accumulated financing for more than $39.2 billion, to more than 3,800 companies.</P>

<P STYLE="font: bold 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: center">Main Regulatory Changes</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>SME productive investment financing credit lines.
Previous authorization of relocation and closure of branches. (Communication &ldquo;A&rdquo; 7240, 03/19/2021). </B>The Central Bank establishes
the extension of Productive Investment Financing lines (until September 30, 2021 for the 2021 quota). It also requires financial institutions
to assign an official accountable for the enforcement of this credit line and to report to the Superintendence of Financial and Exchange
Institutions within 10 calendar days since the issuance of this regulation. The obligation of financial institutions to request authorization
from the BCRA to proceed with relocation and closure of branches is extended until December 31, 2021.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Non-performing late payment periods. (Communication
&ldquo;A&rdquo; 7245, 03/25/2021).</B> The BCRA established a gradual transition in the definition of debtor classification for clients
who decided to postpone instalment payments, benefit that will not be renewed as of the end of March. For this matter, financial institutions
will have to extend late-payment periods to classify their debtors in stages 1, 2 and 3, both for commercial and retail portfolios, according
to the following schedule: i) until March 31, 2021, in 60 days, ii) until May 31, 2021, in 30 days, iii) as of June 1, 2021, they will
have to classify debtors pursuant to general criteria of non-performing loans.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Modifications in Ahora 12 Program. Extension. (Domestic
Trade Secretariat Resolution 282/2021, 03/30/2021).</B> The Domestic Trade Secretariat decided to extend the Ahora 12 program until July
31, 2021, although with three main modifications: (i) there will not be a 3-month grace period, (ii) interest rates paid by businesses
will be increased and (iii) some sectors will stop having the 12 instalment option and will only have 3 or 6.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Minimum Reserve Requirement. Universal Free Accounts.
(Communication &ldquo;A&rdquo; 7254, 04/05/2021). </B>The BCRA states the reduction of the average minimum reserve requirement in pesos
for financial institutions that implement the remote and on-site opening of Universal Free Accounts, according to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans">Financing granted as of April 1, 2021 to individuals and SMEs
that are not reported by financial institutions in the &ldquo;Financial system debtor database&rdquo; (CENDEU). They must not be reported
at the CENDEU as of December 2020, and financing has to be granted at an annual nominal interest rate that does not exceed, at that moment,
the maximum rate stated in the regulation on &ldquo;interest rates in credit transactions&rdquo; (43% nominal annual rate).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans">In line with the growth rate in the use of electronic means
through sight accounts whose owners are individuals.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans">Based on the evolution of documents released through electronic
means (ECHEQ) by the owners of checking accounts of the financial institutions, and SMEs electronic credit invoices (FCE) acquired by
the financial institution during the month of the minimum reserve requirement calculation. This deduction cannot exceed 0.75% of concepts
in pesos subject to requirement, on average, of the previous month.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: BBVABentonSans">Based on the operability of ATMs.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify">These deductions cannot exceed 3% of concepts in pesos
subject to requirement, on average, of the previous month.</P>


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<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>LELIQ excess position. (Communication&nbsp;&ldquo;A&rdquo;
7265, 04/16/2021).</B> The BCRA states that, as of the date of this regulation, the increase in the limit of the net excess position of
LELIQ provided in the item 8.2.2 of the regulation on&nbsp;<I>&ldquo;Operaciones al contado a liquidar y a t&eacute;rmino, pases, cauciones,
otros derivados y con fondos comunes de inversion&rdquo;</I>&nbsp;cannot exceed the amount that surges from multiplying the percentage
corresponding to the month of calculation (stated in this regulation) and the expansion verified during March 2021.<BR STYLE="clear: both">
</P>


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<P STYLE="font: bold 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: center">Glossary</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Active clients: </B>holders of at least one active
product. An active product is in most cases a product with at least &ldquo;one movement&rdquo; in the last 3 months, or a minimum balance.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Cost of Risk (accumulated): </B>Year to date accumulated
loan loss allowances / Average total loans.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Average total loans: </B>average between previous
year-end Total loans and other financing and current period Total loans and other financing.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Cost of Risk (quarterly): </B>Current period Loan
loss allowances / Average total loans. Average total loans: average between previous quarter-end Total loans and other financing and current
period Total loans and other financing.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Coverage ratio: </B>Quarterly allowances under the
Expected Credit Loss model / total non-performing portfolio.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Digital clients: </B>we consider a customer to be
an active user of online banking when they have been logged at least once within the last three months using the internet or a cell phone
and SMS banking.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Efficiency ratio (excl. inflation adjustments, accumulated):
</B>Accumulated (Personnel benefits+ Administrative expenses + Depreciation &amp; Amortization) / Accumulated (Net Interest Income + Net
Fee Income + Net Income from measurement of Financial Instruments at Fair Value through P&amp;L + Net income from write-down of assets
at amortized cost and at fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Efficiency ratio (excl. inflation adjustments, quarterly):
</B>(Personnel benefits+ Administrative expenses + Depreciation &amp; Amortization) / (Net Interest Income + Net Fee Income + Net Income
from measurement of Financial Instruments at Fair Value through P&amp;L + Net income from write-down of assets at amortized cost and at
fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Efficiency ratio (accumulated): </B>Accumulated
(Personnel benefits+ Administrative expenses + Depreciation &amp; Amortization) / Accumulated (Net Interest Income + Net Fee Income +
Net Income from measurement of Financial Instruments at Fair Value through P&amp;L + Net income from write-down of assets at amortized
cost and at fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income+ Income from
net monetary position).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Efficiency ratio (quarterly): </B>(Personnel benefits+
Administrative expenses + Depreciation &amp; Amortization) / (Net Interest Income + Net Fee Income + Net Income from measurement of Financial
Instruments at Fair Value through P&amp;L + Net income from write-down of assets at amortized cost and at fair value through OCI + Foreign
exchange and gold gains + some concepts included in Other net operating income+ Income from net monetary position).</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Liquidity Ratio: </B>(Cash and deposits in banks
+ Debt securities at fair value through P&amp;L (Excl. Private securities) + Net REPO transactions + Other debt securities (Excl. Private
securities)) / Total Deposits.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Mobile clients: </B>customers who have been active
in online banking at least once in the last three months using a mobile device.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Net Interest Margin (NIM) &ndash; (quarterly): </B>Quarterly
Net Interest Income / Average quarterly interest earning assets.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Public Sector Exposure (excl. BCRA):</B> (National
and Provincial Government public debt + Loans to the public sector + REPO transactions) / Total Assets.</P>


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<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>ROA (accumulated): </B>Attributable Net Income of
the period / Total Average Assets. Total Average Assets is calculated as the average between total assets on December of the previous
year and total assets in the current period, expressed in local currency. Calculated over a 365-day year.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>ROA (quarterly): </B>Attributable Net Income of
the period / Total Average Assets. Total Average Assets is calculated as the average between total assets on the previous quarter-end
and total assets in the current period, expressed in local currency. Calculated over a 365-day year.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>ROE (accumulated): </B>Attributable Net Income of
the period / Average Equity. Average Equity is calculated as the average between equity in December of the previous year and equity in
the current period, expressed in local currency. Calculated over a 365-day year.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>ROE (quarterly): </B>Attributable Net Income of
the period / Average Equity. Average Equity is calculated as the average between equity on the previous quarter end and equity in the
current period, expressed in local currency. Calculated over a 365-day year.</P>

<P STYLE="font: bold 10pt/107% BBVABentonSans; margin: 18pt 2.55pt 12pt 0; text-align: left">Spread: <FONT STYLE="font-weight: normal">(Quarterly
Interest Income / Quarterly average Interest-earning Assets) &ndash; (Quarterly Interest Expenses / Quarterly average interest-bearing
liabilities).</FONT></P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B><U>Other terms</U></B></P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>n.m.: </B>not meaningful. Implies an increase above
500% and a decrease below -500%.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>N/A:</B> not applicable.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify"><B>Bps:</B> basis points.</P>


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<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: left"><FONT STYLE="font-weight: normal">Balance
Sheet</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Balance Sheet</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center">Chg (%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 49%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 11%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Assets</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Cash and deposits in banks</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">195,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;171,811</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;209,007</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;13.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(6.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Cash</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;65,937</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">70,294</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">53,246</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">23.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;Financial institutions and correspondents</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;129,798</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;101,517</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">27.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;N/A&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">B.C.R.A</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;125,694</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,348</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;149,495</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">29.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(15.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other local and foreign financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">4,104</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4,169</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;6,266</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(1.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(34.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">4,872</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,065</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,923</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;357.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(62.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">2,476</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,380</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,075</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(43.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(19.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Repo transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;30,470</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">55,559</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,567</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(45.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;13,819</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,346</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">26,523</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;21.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(47.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loans and other financing</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">284,652</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;315,725</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;311,646</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(9.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(8.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial public sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(20.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(44.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">B.C.R.A</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">16</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(100.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,987</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,983</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;7,216</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;0.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(72.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;282,665</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;313,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;304,413</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(9.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(7.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">135,069</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;136,226</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">92,374</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(0.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;46.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financial assets pledged as collateral</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;16,645</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">20,233</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;9,722</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(17.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;71.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Current income tax assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,361</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investments in equity instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">2,278</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,883</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,585</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(21.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(11.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investments in subsidiaries and associates</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,585</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,629</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,610</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(2.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Property and equipment</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;37,641</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38,142</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38,988</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(1.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(3.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Intangible assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,907</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,755</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,311</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;8.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;45.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deferred income tax assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">4,185</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,990</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,787</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(30.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(27.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other non-financial assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">9,000</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,081</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6,112</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(10.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;47.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-current assets held for sale</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Assets</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right">741,949</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;777,080</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;726,484</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #002060 0.5pt solid; text-align: right">&nbsp;&nbsp;(4.5%)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">2.1%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Liabilities</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">507,820</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;540,167</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;467,831</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;8.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial public sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">6,582</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;6,357</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4,955</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;3.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">32.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Financial sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;179</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;973</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;409</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(81.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(56.2%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;501,059</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;532,836</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;462,467</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;8.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">399</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;213</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;473</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;87.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(15.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;44,913</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">44,308</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">61,097</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;1.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(26.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financing received from the B.C.R.A. and other financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">9,773</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,873</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,174</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(10.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;88.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Corporate bonds issued</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,022</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,320</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,697</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(22.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(90.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Current income tax liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,589</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,204</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">16,516</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(62.2%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(90.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Provisions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;10,466</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,961</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">16,082</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(19.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(34.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deferred income tax liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;73</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">44</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;64.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;N/A&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other non-financial liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;45,989</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">45,795</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">26,790</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;0.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;71.7%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Liabilities</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right">622,043</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;659,886</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;604,659</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #002060 0.5pt solid; text-align: right">&nbsp;&nbsp;(5.7%)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">2.9%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Equity</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Share Capital</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-capitalized contributions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;29,805</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,805</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,805</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(0.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Capital adjustments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;21,134</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,134</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,135</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(0.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Reserves</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;97,515</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,515</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">67,390</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;44.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Retained earnings</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">(34,376)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(46,848)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;834</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;26.6%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;n.m&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other accumulated comprehensive income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(167)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">88</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(2,339)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(289.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;92.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income for the period</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">3,009</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,473</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,927</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(75.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;56.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Equity attributable to owners of the Parent</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;117,532</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;114,779</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;119,363</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1.5%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Equity attributable to non-controlling interests</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">2,374</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,415</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,463</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(1.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(3.6%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Equity</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right">119,906</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">117,194</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">121,826</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #002060 0.5pt solid; text-align: right">2.3%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(1.6%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Liabilities and Equity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">741,949</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">777,080</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">726,484</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #002060 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;&nbsp;(4.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">2.1%</TD></TR>
  </TABLE>

<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: left"><FONT STYLE="font-weight: normal"></FONT></P>


<!-- Field: Page; Sequence: 24 -->
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    <!-- Field: /Page -->



<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: left"><FONT STYLE="font-weight: normal">Balance
Sheet &ndash; 5 quarters</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid">Balance Sheet</TD>
    <TD COLSPAN="5" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center">BBVA ARG Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 49%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 11%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">3Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">2Q20</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">1Q20</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Assets</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Cash and deposits in banks</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">195,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;171,811</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;167,468</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;152,329</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;209,007</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Cash</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;65,937</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">70,294</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">49,491</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">68,321</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">53,246</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;Financial institutions and correspondents</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;129,798</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;101,517</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">B.C.R.A</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;125,694</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,348</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;112,693</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">78,401</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;149,495</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 36px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other local and foreign financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">4,104</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4,169</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;5,284</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;5,607</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;6,266</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">4,872</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,065</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,592</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">13,206</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">12,923</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">2,476</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,380</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,775</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,431</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,075</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Repo transactions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;30,470</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">55,559</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">23,890</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">46,388</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4,567</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;13,819</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,346</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">15,627</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,633</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">26,523</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loans and other financing</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">284,652</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;315,725</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;315,525</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;329,262</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;311,646</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial public sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">B.C.R.A</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;-</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">16</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,987</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,983</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;3,707</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;4,761</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;7,216</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;282,665</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;313,735</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;311,817</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;324,501</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;304,413</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">135,069</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;136,226</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;133,059</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;110,331</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">92,374</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financial assets pledged as collateral</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;16,645</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">20,233</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">18,282</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">14,551</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;9,722</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Current income tax assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,361</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investments in equity instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">2,278</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,883</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,218</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,443</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;2,585</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investments in subsidiaries and associates</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,585</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,629</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,687</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,663</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,610</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Property and equipment</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;37,641</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38,142</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">37,904</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38,270</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">38,988</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Intangible assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,907</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,755</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,629</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,445</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,311</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deferred income tax assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">4,185</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,990</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,294</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,073</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,787</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other non-financial assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">9,000</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,081</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,599</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6,460</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;6,112</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-current assets held for sale</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;255</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;255</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;255</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Assets</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right">741,949</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;777,080</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;738,812</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;730,754</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;726,484</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Liabilities</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">507,820</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;540,167</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;502,494</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;505,293</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;467,831</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial public sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">6,582</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;6,357</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;7,455</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;7,396</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;4,955</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Financial sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;179</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;973</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;691</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;406</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;409</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;501,059</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;532,836</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;494,348</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;497,492</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;462,467</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">399</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;213</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">45</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;311</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;473</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;44,913</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">44,308</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">48,576</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">38,258</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">61,097</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financing received from the B.C.R.A. and other financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">9,773</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,873</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,221</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6,902</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;5,174</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Corporate bonds issued</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,022</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,320</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,157</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,689</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10,697</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Current income tax liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1,589</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,204</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,619</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,383</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">16,516</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Provisions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;10,466</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,961</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">13,180</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">14,891</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">16,082</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deferred income tax liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;73</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">44</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">23</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other non-financial liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;45,989</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">45,795</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">30,227</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,560</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">26,790</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Liabilities</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right">622,043</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;659,886</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;607,541</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;605,294</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;604,659</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Equity</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Share Capital</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;613</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;613</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;613</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Non-capitalized contributions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;29,805</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,805</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,805</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">29,805</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">29,805</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Capital adjustments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;21,134</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,134</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,134</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,134</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">21,135</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Reserves</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;97,515</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,515</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;111,612</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;111,612</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">67,390</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Retained earnings</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">(34,376)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(46,848)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(46,848)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(46,848)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;834</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other accumulated comprehensive income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(167)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">88</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;389</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(947)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(2,339)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income for the period</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">3,009</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,473</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">12,033</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,556</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,927</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Equity attributable to owners of the Parent</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;117,532</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;114,779</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;128,738</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;122,926</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;119,363</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Equity attributable to non-controlling interests</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">2,374</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,415</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,533</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,534</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;2,463</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Equity</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right">119,906</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">117,194</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">131,271</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">125,460</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">121,826</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left">Total Liabilities and Equity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">741,949</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">777,080</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">738,812</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">730,754</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">726,484</TD></TR>
  </TABLE>
<P STYLE="font: 18pt/107% BBVABentonSans; margin: 18pt 2.55pt 12pt 0; color: #072146; text-align: left"><FONT STYLE="font-weight: normal"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 30.8pt 0 0; text-align: center"><FONT STYLE="font: 14pt BBVABentonSans; color: #072146"><BR STYLE="clear: both">
</FONT></P>


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<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 12pt 2.55pt 12pt 0">Balance Sheet &ndash; In Foreign Currency Exposure</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left">Foreign Currency Exposure</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center">Chg(%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; border-left: lightgrey 1pt solid; text-align: left; border-top-color: #043263; border-top-width: 1pt">Assets</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Cash and deposits in banks</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;126,835</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;129,844</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">97,807</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(2.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;29.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Debt securities at fair value through profit or loss</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;0</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(14.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;201.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,452</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,501</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,886</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(1.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;30.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loans and other financing</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">29,010</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31,546</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">42,715</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(8.0%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(32.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;295</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;467</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1,196</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(36.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(75.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">28,716</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">31,079</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">41,519</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(7.6%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(30.8%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other debt securities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">-</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,039</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;N/A&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(100.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financial assets pledged as collateral</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;4,950</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,328</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,707</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(7.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;82.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Investments in equity instruments</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">29</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">32</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">17</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(8.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;69.5%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Total foreign currency assets</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;163,276</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;169,251</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;153,171</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;&nbsp;(3.5%)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">6.6%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Liabilities</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;-</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;146,764</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;155,244</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;131,049</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(5.5%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;12.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;Non-Financial Public Sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;2,248</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,611</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;2,358</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(13.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.7%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;Financial Sector</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">54</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">57</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">49</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(5.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">10.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 18px; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;Non-financial private sector and residents abroad</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;144,461</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;152,576</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;128,642</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(5.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-style: italic; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">12.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">12,642</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,732</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">13,219</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;7.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Financing received from the&nbsp;&nbsp;B.C.R.A. and other financial institutions</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;2,459</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,554</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;917</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(3.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;168.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other non financial liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,584</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,291</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,111</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;22.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;42.6%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total foreign currency liabilities</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;163,450</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;170,820</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;146,296</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(4.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;11.7%</TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border: lightgrey 0.5pt solid; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid">Foreign Currency Net Position - AR$</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(173)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(1,570)</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;6,875</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;89.0%</TD>
    <TD STYLE="border-top: lightgrey 1pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(102.5%)</TD></TR>
  <TR>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; vertical-align: middle; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: lightgrey 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 1pt">Foreign Currency Net Position - USD</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(2)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(19)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;107</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt">&nbsp;89.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(101.8%)</TD></TR>
  </TABLE>

<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 18pt 2.55pt 12pt 0; text-align: left"><FONT STYLE="font-weight: normal">P&amp;L</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left">Income Statement</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; text-align: center">Chg(%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid">Interest income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">36,705</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">36,171</TD>
    <TD STYLE="border-right: #002060 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">35,109</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right">&nbsp;&nbsp;1.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Interest expense</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(15,157)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(14,114)</TD>
    <TD STYLE="border-right: #002060 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(11,656)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(7.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(30.0%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net interest income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">21,548</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">22,057</TD>
    <TD STYLE="border-right: #002060 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">23,453</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(2.3%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(8.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Fee income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;7,678</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,506</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,704</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(9.7%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(0.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Fee expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(4,323)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,343)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,028)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;19.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;14.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net fee income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;3,355</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,163</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,676</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">6.1%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;25.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Net income from financial instruments at fair value through P&amp;L</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,600</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,692</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,411</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(65.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;13.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net loss from write-down of assets at amortized cost and fair value through OCI</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(33)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(165)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,045)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;80.0%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;96.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Foreign exchange and gold gains</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;896</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,212</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,765</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(26.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(49.3%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,547</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,177</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,482</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(28.9%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;4.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loan loss allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(1,914)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(4,152)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(2,316)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;53.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;17.4%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Net operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">26,999</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">28,984</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27,426</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(6.8%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(1.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Personnel benefits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(5,840)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,487)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(6,333)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(6.4%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;7.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Administrative expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(5,332)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,467)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,121)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.5%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.1%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Depreciation and amortization</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(1,069)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,225)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,174)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;12.7%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;8.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(4,648)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(6,873)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(4,439)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;32.4%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(4.7%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,111</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;9,932</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,360</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">1.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(2.4%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from associates and joint ventures</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(29)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">39</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;(209.1%)</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(174.6%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from net monetary position</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(7,551)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(7,718)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,345)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;2.2%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(41.3%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Income before income tax</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,531</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,241</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,055</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;12.9%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(49.9%)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income tax</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #EDEDED">&nbsp;&nbsp;437</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,919)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(3,088)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;122.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;114.1%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Income for the period</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,967</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;322</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,967</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;50.8%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income for the period attributable to:</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Owners of the parent</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #EDEDED">&nbsp;&nbsp;3,009</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;440</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,927</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;56.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-controlling interests</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #EDEDED">&nbsp;&nbsp;(41)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(118)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">41</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;64.8%</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(202.2%)</TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD DIR="LTR" STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Other comprehensive Income (1)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(255)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(301)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,213</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right">&nbsp;15.2%</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(107.9%)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD DIR="LTR" STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total comprehensive income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,712</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,180</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;n.m&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(47.6%)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 30.8pt 0 0"><BR STYLE="clear: both">
</P>


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<P STYLE="font: 18pt/107% BBVABentonSans; color: #072146; margin: 12pt 2.55pt 12pt 0">P&amp;L &ndash; 5 quarters</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left">Income Statement</TD>
    <TD COLSPAN="5" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-bottom: #043263 1pt solid; color: white; border-left: #043263 1pt solid; text-align: left; width: 50%">In millions of AR$ - Inflation adjusted</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">3Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">2Q20</TD>
    <TD STYLE="color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: #043263; border-top-width: 1pt">Interest income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">36,705</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">36,171</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">32,838</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">30,244</TD>
    <TD STYLE="border-top: #043263 1pt solid; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">35,109</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Interest expense</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(15,157)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(14,114)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(11,899)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(8,752)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(11,656)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net interest income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,548</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">22,057</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">20,939</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21,492</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">23,453</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Fee income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;7,678</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,506</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,883</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,264</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,704</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Fee expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(4,323)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,343)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(4,105)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(4,056)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,028)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Net fee income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,355</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,163</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;3,778</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,208</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,676</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Net income from financial instruments at fair value</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,600</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,692</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,114</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,724</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,411</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Net loss from write-down of assets at amortized cost and fair value through OCI</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(33)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(165)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,120)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(279)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,045)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Foreign exchange and gold gains</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;896</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,212</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,034</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,023</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,765</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1,547</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,177</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,886</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,546</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,482</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Loan loss allowances</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(1,914)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(4,152)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,166)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(3,582)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(2,316)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Net operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">26,999</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">28,984</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27,466</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27,133</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27,426</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Personnel benefits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(5,840)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,487)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,763)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,368)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(6,333)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Administrative expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(5,332)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,467)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,482)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,187)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,121)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Depreciation and amortization</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(1,069)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,225)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,053)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,141)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,174)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Other operating expenses</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(4,648)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(6,873)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(3,403)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(3,833)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(4,439)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Operating income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,111</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;9,932</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,764</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">11,604</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">10,360</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from associates and joint ventures</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;(29)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">27</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;(14)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;256</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">39</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income from net monetary position</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;(7,551)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(7,718)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,805)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(3,380)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(5,345)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Income before income tax</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,531</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,241</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,945</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;8,479</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,055</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income tax</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #EDEDED">&nbsp;&nbsp;437</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,919)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(1,470)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(2,786)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;(3,088)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Income for the period</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,967</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;322</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,476</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,694</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,967</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D0CECE">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Income for the period attributable to:</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Owners of the parent</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #EDEDED">&nbsp;&nbsp;3,009</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;440</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;4,477</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,630</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1,927</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-left: 9px; font-weight: bold; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Non-controlling interests</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-right: 9px; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #EDEDED">(41)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-right: 18px; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;(118)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-right: 18px; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">(1)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-right: 18px; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;64</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; padding-right: 18px; font-weight: bold; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;41</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Other comprehensive Income (2)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(255)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(301)</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,336</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;1,394</TD>
    <TD STYLE="border-top: lightgrey 0.5pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;3,213</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Total comprehensive income</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;2,712</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,812</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;7,088</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;5,180</TD></TR>
  </TABLE>

<P STYLE="font: 18pt BBVABentonSans; margin: 0 30.8pt 0 0; color: #072146">&nbsp;</P>

<P STYLE="font: 18pt BBVABentonSans; margin: 0 30.8pt 0 0; color: #072146">Ratios</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left">Quarterly Annualized Ratios</TD>
    <TD COLSPAN="3" DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: center">Chg (bps)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; text-align: left; width: 50%">In %</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; border-top-color: #043263; border-top-width: 1pt; width: 10%">QoQ</TD>
    <TD STYLE="border-right: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: #043263 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Profitability</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Efficiency Ratio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">72.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">44.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">59.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,845 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,321 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Efficiency Ratio (excl. Inflation adjustments)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">50.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">34.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">47.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,565 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">ROA</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">0.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">1.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">ROE</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">10.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">1.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">6.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Liquidity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Liquid assets / Total Deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">72.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">67.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">68.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Capital</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Regulatory Capital Ratio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">22.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">20.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">TIER I Capital Ratio (Ordinary Capital Level 1/ RWA)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">21.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">19.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Asset Quality</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-performing portfolio / Total portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">1.72%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">1.40%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">2.78%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(106)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Allowances&nbsp;&nbsp;/Total non-performing portfolio&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">275.22%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">311.95%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">187.15%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,674)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,807 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Cost of Risk</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">2.47%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">4.99%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">2.87%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(253)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41)bps</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt BBVABentonSansLight; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-left: #043263 1pt solid; text-align: left">Accumulated Annualized Ratios</TD>
    <TD COLSPAN="3" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">BBVA ARG consolidated</TD>
    <TD COLSPAN="2" STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: center">Chg (bps)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #043263">
    <TD DIR="LTR" STYLE="border-left: #043263 1pt solid; color: white; text-align: left; width: 50%">In %&nbsp;</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q21</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">4Q20</TD>
    <TD STYLE="border-bottom: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; text-align: right; width: 10%">1Q20</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-bottom: #043263 1pt solid; text-align: right; width: 10%">QoQ</TD>
    <TD STYLE="border-top: #043263 1pt solid; color: white; font-size: 11pt; font-weight: bold; border-right: #043263 1pt solid; border-bottom: #043263 1pt solid; text-align: right; width: 10%">YoY</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-top: #043263 1pt solid; font-weight: bold; border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left">Profitability</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 0.5pt solid; text-align: right; border-top-color: #043263; border-top-width: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Efficiency Ratio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;72.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;56.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">59.3%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">1,566 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">1,321 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Efficiency Ratio (excl. Inflation adjustments)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;50.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">&nbsp;45.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: white">47.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">&nbsp;&nbsp;495 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;&nbsp;270 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">ROA</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;&nbsp;1.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;1.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(8)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;52 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">ROE</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;10.5%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;10.9%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;&nbsp;6.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">(36)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;389 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Liquidity</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Liquid assets / Total Deposits</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;72.0%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;67.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">68.1%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;459 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;&nbsp;394 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Capital</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Regulatory Capital Ratio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;22.4%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;20.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21.8%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;214 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;58 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">TIER I Capital Ratio (Ordinary Capital Level 1/ RWA)</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;21.7%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;19.6%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">21.2%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;214 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;57 bps</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #D4EDFC">
    <TD STYLE="border-right: lightgrey 0.5pt solid; font-weight: bold; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; text-align: left; border-top-color: lightgrey; border-top-width: 0.5pt">Asset Quality</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Total non-performing portfolio / Total portfolio</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;1.72%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">&nbsp;1.40%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">2.78%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;32 bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">&nbsp;(106)bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt">Allowances&nbsp;&nbsp;/Total non-performing portfolio&nbsp;</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt; background-color: #F2F2F2">275.22%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">311.95%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-left-color: lightgrey; border-top-width: 0.5pt; border-left-width: 0.5pt">187.15%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 0.5pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt">&nbsp;&nbsp;(3,674)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt">8,807 bps</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: lightgrey 1pt solid; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">Cost of Risk</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: #F2F2F2">&nbsp;2.47%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">&nbsp;3.46%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">2.87%</TD>
    <TD STYLE="border-right: lightgrey 0.5pt solid; border-bottom: lightgrey 1pt solid; border-left: #043263 0.5pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; background-color: white">(99)bps</TD>
    <TD STYLE="border-right: lightgrey 1pt solid; border-bottom: lightgrey 1pt solid; text-align: right; border-top-color: lightgrey; border-top-width: 0.5pt; border-left-color: lightgrey; border-left-width: 0.5pt; background-color: white">(41)bps</TD></TR>
  </TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 30.8pt 0 0; text-align: center; color: blue"><B>&nbsp;</B></P>

<P STYLE="font: 18pt BBVABentonSans; margin: 24pt 2.25pt 12pt 0; text-align: justify; color: #072146">About BBVA Argentina</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify; color: #121212">BBVA Argentina (NYSE; BYMA; MAE: BBAR;
LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the main shareholder since 1996. In Argentina, it is one of the leading private financial
institutions since 1886. Nationwide, BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals,
SME&rsquo;s, and large-sized companies.</P>

<P STYLE="font: 10pt/107% BBVABentonSans; margin: 6pt 0 12pt; text-align: justify; color: #121212">BBVA Argentina&rsquo;s purpose is to
bring the age of opportunities to everyone, based on our customers&rsquo; real needs, providing the best solutions, and helping them make
the best financial decisions through an easy and convenient experience. The institution relies on solid values: &ldquo;The customer comes
first, We think big and We are one team&rdquo;. At the same time, its responsible banking model aspires to achieve a more inclusive and
sustainable society.</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt BBVABentonSansLight; color: #072146; margin: 0 0 6pt"><B>Investor Relations Contact</B></P>

<P STYLE="font: 10pt BBVABentonSansLight; color: #072146; margin: 0"><B>Ernesto Gallardo</B></P>

<P STYLE="font: 10pt BBVABentonSansLight; color: #072146; margin: 0">Chief Financial Officer</P>

<P STYLE="font: 10pt BBVABentonSansLight; color: #072146; margin: 0"><B>In&eacute;s Lanusse</B></P>

<P STYLE="font: 10pt BBVABentonSansLight; color: #072146; margin: 0">Investor Relations Officer</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0"><FONT STYLE="font-weight: normal">investorelations-arg@bbva.com</FONT></P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.25pt 0 0; text-align: justify">ir.bbva.com.ar</P>

<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.25pt 0 0; text-align: justify"></P>

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<P STYLE="font: 10pt BBVABentonSans; margin: 0 2.25pt 0 0; text-align: justify">&nbsp;</P>






<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 18pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 18pt">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.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 18pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 20pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Banco BBVA Argentina S.A.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">Date:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">May 26, 2021</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt">/s/ </FONT><FONT STYLE="font-size: 11pt">Ernesto Gallardo Jimenez</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 27%; padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.75pt"><FONT STYLE="font-size: 12pt">Name:</FONT></TD>
    <TD STYLE="width: 41%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Ernesto Gallardo Jimenez</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.75pt"><FONT STYLE="font-size: 12pt">Title:</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>
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